Cardano’s EMURGO partners with Partisia to enhance privacy
“The Cardano ecosystem is one of the biggest in the industry and we look forward to providing as much value as possible to the developers.”
EMURGO Ventures, the venture capital arm of the founding entity of the Cardano blockchain, has partnered with Partisia Blockchain to allow for the exchange of resources to enhance Cardano’s decentralized privacy features on-chain.
Partisia Blockchain is a a Layer 1 public blockchain protocol built for privacy, trust, and scalability. The partnership will allow Cardano decentralized application (dApp) developers and its users to leverage Partisia blockchain’s privacy-preserving zero-knowledge (ZK), multi-party computation (MPC) for Cardano dApps.
According to the announcement, Partisia’s development team will develop customized smart contracts for Cardano developers to utilize when applicable to their dApp’s use case, which will still use Cardano ADA or Cardano-based tokens. This optionality provides both Cardano developers and their dApp users with more robust privacy.
The first full version of Partisia’s smart contract programming language designed for privacy-preserving ZK and MPC computations is due to be released by mid-2022.
Delivering cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem
Ken Kodama, Founder and Chief Executive Officer at EMURGO, said: “EMURGO Ventures is excited to partner with Partisia and its stellar team to bring more privacy tools for Cardano developers to utilize and add value to the Cardano ecosystem. Cardano’s Web3 development is advanced by the efforts of Cardano’s dApp developers, and this partnership serves to add more elements to their toolbox to provide services that users will demand such as privacy features.”
Brian Gallagher, Co-Founder at Partisia Blockchain, added: “Partisia Blockchain couldn’t be more thrilled to partner with EMURGO Ventures to deliver our first cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem. The Cardano ecosystem is one of the biggest in the industry and we look forward to providing as much value as possible to the developers. We built Partisia Blockchain with a collaborative approach to make our privacy contracts available across all other networks and this partnership is a strong indication that we’re finding product market fit in this industry and that privacy is in demand.”
EMURGO Ventures was launched in 2021 as part of EMURGO’s $100 million Cardano ecosystem investment vehicle to support decentralized applications (dApp) and middleware solutions development on Cardano.
a16z, one of the largest venture capital firms active in the digital asset space, believes this decade will be about “the ability to interact with anyone, anywhere, at any time — privately, without revealing one’s data, and with more control in the user’s hands”. Zero-knowledge proofs and blockchains will be the backbone for the next privacy layer for the web.