APRA Co-Founder Felix: Privacy-Preserving Computation on Blockchains Could Prevent Breaches

Blockchain is the savior

Avoiding security risks by not using data simply isn’t an option. So, the question is: How can companies make the most of the competitive advantage data provides without putting themselves at undue risk of financial, legal and PR disaster?

Healthcare as an example

In the sector, data-sharing between providers, health networks and third-party researchers is crucial. However, patient privacy regulations have made information transmission difficult. Notably, many healthcare providers were stuck using outdated fax machines for years because their advanced electronic systems weren’t interoperable enough to securely transmit patient information.

Takeaways

The mistake made too often by corporate leaders is to assume that the benefits blockchain provides are limited to finance. However, the security blockchain provides could prompt a mass-scale perspective shift on what’s possible in data-sharing. Privacy-preserving computation allows for the removal of fear. It empowers companies to imagine what they could achieve if they could leverage their data to the fullest extent without fear of malignant interference.

About ARPA

ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using the information-theoretic Message Authentication Code (MAC).

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ARPA Official

ARPA Official

ARPA is a privacy-preserving blockchain infrastructure enabled by MPC. Learn more at arpachain.io