Arcium Partners With DeCC Alliance To Revolutionize Data Security and Confidential Computing

A network dedicated to the field of confidential computing, Arcium has publicly declared its entry into the DeCC Alliance, a coalition committed to advocating for technologies centered around privacy that advance data protection and enable secure computing practices.

This partnership aims to raise awareness of Decentralized Confidential Computing (DeCC), a burgeoning sector within Web3. Its mission is to differentiate projects known as 'privacy coins' or 'privacy chains' from those that empower decentralized computation, including smart contracts and off-chain AI, while protecting individual data.

The alliance is currently made up of various participants including Marlin, Oasis, Ternoa, among many others, all united in their goal to showcase the potential of DeCC. These initiatives provide sophisticated functionalities such as executing smart contracts with encrypted information, conducting confidential computations both on-chain and off-chain, and ensuring sensitive data is securely stored on the blockchain—capabilities that extend beyond just the private transfer of tokens. Aleo , Intmax Initially established in early 2024, the coalition formally adopted the term DeCC following a vote on April 4th. It encompasses an array of encryption methodologies, including Trusted Execution Environments (TEEs), Zero-Knowledge Proofs (ZKPs), Multi-Party Computation (MPC), and Fully Homomorphic Encryption (FHE).

The coalition has already hosted a series of targeted events, including ETHCC and Futurist. The main aim for the projects involved is to enhance the adaptability of blockchain technology for commercial use by ensuring the confidentiality and protection of proprietary data. Zero-Knowledge Proofs It operates as a distributed confidential computing network designed to support secure data collaboration, particularly aiding sectors that handle sensitive or high-value data like blockchain, healthcare, and artificial intelligence. The network boasts a distributed architecture featuring multiple nodes that collectively perform MPC tasks, guaranteeing that encrypted data is processed simultaneously, thus preserving its integrity and confidentiality throughout the computation process.

in funding with the aspiration of equipping developers and applications with a flexible and trustworthy framework for encrypted computations. The project is on track to launch its mainnet in the near future, rolling out in several stages: the finalized Private Incentivized Testnet, followed by the forthcoming Public Testnet.

Arcium: What Is It? 

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Earlier this year, the project raised $5.5 million Alisa, a passionate journalist at Cryptocurrencylistings, has expertise in cryptocurrency, zero-knowledge proofs, investments, and the expansive universe of Web3. With a sharp eye for emerging trends and innovations, she provides thorough coverage that informs and engages audiences in the constantly changing world of digital finance.