Waves Protocol Team Partners MADANA to Leverage Benefits of Confidential Computing when Working with Blockchain Oracles

The builders of the Waves protocol and MADANA are teaming up in order that they will leverage the advantages of “confidential” computing when working with blockchain or distributed ledger technology (DLT)-based Oracles and whereas participating in inter-chain communication.

By way of the partnership, Waves and MADANA have agreed to collectively construct blockchain or DLT-powered Oracles utilizing the Gravity inter-chain communication protocol.

As talked about within the announcement, MADANA’s confidential computing options have “the potential to profit Oracle and interoperability techniques.” The corporate has reached necessary milestones whereas engaged on varied use circumstances that can permit MADANA to “increase its attain and performance.”

As famous in a weblog publish by the Waves group:

”Along with an aligned technical roadmap, Waves and MADANA share a typical philosophy of offering blockchain-agnostic options to corporations from varied sectors.”

Waves’ cross-chain and Oracle community Gravity will “take heart stage” within the collaboration between MADANA and Waves. Though information has “traditionally been encrypted at relaxation, in storage and in transit throughout the web, MADANA’s confidential computing options present a ‘cutting-edge’ skill to guard information and purposes in use (in reminiscence) via the impenetrable hardware-based Trusted Execution Surroundings (TEE) that secures customers’ Most worthy digital property whereas it’s being processed by a special node,” the announcement famous.

This strategy helps with facilitating “tamper-proof” processes that may’t be “influenced even by node hosts, which opens up many new methods to design blockchain techniques which can be safer, environment friendly and confidential,” the discharge said.

MADANA has reportedly spent a number of years conducting analysis and improvement (R&D) work and is now ready to supply its TEE expertise to enterprise companions, which incorporates the creators of the Waves platform.

Sten Laureyssens, a strategic advisor to the Waves Affiliation, said:

“The cumulative strengths of Waves and MADANA will lay the groundworks for substantial analysis into using TEE to create information oracles on the Gravity community that will probably be unmatched when it comes to safety, confidentiality and integrity,” 

Established in 2017, MADANA is a German agency that focuses on creating purposes for confidential computation and helps information privateness initiatives. It has co-founded blockchain or DLT-related organizations, together with INATBA, and its associate community in Europe consists of a number of blockchain companies and associations, together with companies from sectors, equivalent to OVHcloud.