Intel together with startup Enigma working to improve the level of reliability we develop the latest smart contracts, which are designed to provide privacy. This writes CoinDesk. Secret contracts is a type of smart contracts for public blockchains. By using cryptography, they hide from public view records of transactions.
Startup Enigma came to light thanks to the efforts of specialists of the Massachusetts Institute of technology (MIT), who sought to create a private platform for decentralized applications. Enigma expects to increase the degree of privacy implemented was developed by Intel Software Guard Extensions (SGX). This step is planned for the second half of 2018.
Press Secretary Enigma told CoinDesk:
Now the lack of privacy is the most serious obstacle to the mass distribution of smart contracts. Blackany because of its device good accuracy, but privacy is their weak spot… […] Smart contracts and decentralized applications must be able to work with confidential information.
Enigma plans in conjunction with Intel and other partners to develop applications that support the Protocol and SGX, and then launch the prototype, demonstrating the potential of combining the two technologies. The goal of Intel and Enigma to create “software, which provided scaling can be used on an industrial scale”.
In April, the head guy Enigma Suskind in the article on the website Medium stressed the need for secret contracts in light of the problems associated with other types of technologies that provide privacy. In particular, we are talking about the mixers and the proof with zero disclosure of the confidential information. According to him, the latter is particularly vulnerable in the case when calculations are carried out several “unreliable and pseudonymous” parties.
Therefore, according to Suskind, secret contracts represent the missing link that would perform the computation using encrypted data hidden from the network nodes. According to the road map project, Enigma was planning to run a test and the main network in the first and second quarters of 2018, respectively.