On ARPA’s 2nd Anniversary — A Letter from CEO
Dear friends and partners,
Time flies, and ARPA is turning two years old this week. It is a good time to sum up and look ahead.
First of all, I would like to thank you on behalf of the whole team for your continuing company and support. You are the reason that ARPA is always maturing and improving.
I often joked that ARPA is a two-year-old baby in a three-year-old industry. Looking back on the history of the Internet and mobile Internet, blockchain practitioners are trailblazers in this long journey. Over the past two years, the ARPA team has thrived in both the blockchain industry and privacy-preserving computation. We’ve been through the crypto winter of 2018 and have witnessed the infancy phase of the blockchain and crypto industry.
At the crossroads of history, what choices should we make, and which direction will these choices lead? Please allow me to lead you through the past and the future of ARPA.
First, ARPA is becoming more adaptive than ever. The crypto industry has a typical dumbbell-shaped structure. It attracts the most talented developers in the world, and at the same time attracts individuals that of speculative nature. If we take Ethereum as an example, it has a large and loose group of developers. It is a global-scale social experiment to stimulate innovation with a ‘bazaar’ development model. We are a proud ecosystem buidler on Ethereum from the very beginning.
On the one hand, the world of blockchain and crypto is the continuation of the free software movement, cryptopunk culture, and is the ultimate demonstration of large-scale open-source collaboration. On the other hand, the speculative nature of cryptocurrencies has attracted a large number of new users who have little idea of how the technology works in detail, leading to chaos in the industry. Even regulators and traditional enterprises become cautious when talking about cryptocurrency.
With the research on digital currencies deepens in various countries, China is on the edge of launching DC/EP, Facebook has proposed and is implementing Libra, the entire crypto industry is entering the fast track, and mass adoption is right around the corner. The flexibility to change in the industry and the ability to make long-term beneficial choices are the prerequisites for ARPA surviving the many cycles ahead.
Second, the blockchain and privacy-preserving computation industries are on a steady rise. From the users’ perspective, Chinese DC/EP and Facebook’s Libra will bring digital currency to millions of households, and cryptocurrencies such as Bitcoin will also gain more users. The relationship between Bitcoin and sovereign digital currency is like Zion and Matrix in the Matrix. Sovereign digital currency is like the cornerstone, while cryptocurrencies such as Bitcoin are niche products. It is foreseeable that with the de-globalization, cryptocurrency will expand to many more areas for new applications.
From an engineering perspective, the crypto ecosystem is continuously improving. Better development tools and easier-to-use components allow developers to implement lego-style infrastructures. Although the security of interoperability needs to be improved urgently, the infrastructure and applications themselves are spiraling upwards.There’s no doubt that when we look back in five years, the current hurdles like security, interoperability, and privacy will be no more.
Privacy-preserving computation is developing rapidly, and the new protocol in academia has increased computation efficiency to meet commercial needs. Various countries are gradually implementing regulations, and some large companies are also exploring and formulating industry standards with ARPA. Blockchain and the privacy-preserving computation industry’s rapid progress gives ARPA a strong foundation to develop .
In 2020, the primary goal of a large number of companies is to survive. Cycle management is, in my opinion, the secret of success in any business. The financial cycle, the singularity of privacy-preserving computation technology and the regulatory change in the data industry are the three cycles of the industry where ARPA is in.
ARPA is powered by an agile and elite team. We are highly selective when it comes to recruitment and partnerships. Over the past two years, ARPA participated in the formulation of privacy-preserving computation industry standards, assisted the authoritative institutions such as the China Academy of Information and Communication Technology(CAICT) and IEEE in promoting the development of the privacy-preserving computation, and participated in the authoring of the first book on privacy-computation in China. It allows ARPA to maintain thought leadership and leading standards in the emerging industry of privacy-preserving computation.
Looking ahead to the coming year, the ARPA team will continue to thrive in the privacy-preserving computation industry, expand partnerships in the financial and marketing sectors, and continue to launch products such as blacklist sharing and joint risk control.
We will continue exploring crypto-native use cases, such as open finance and DeFi products, decentralized cross-chain asset custody. For example, ARPA’s threshold signature technology that’s based on MPC can enable distributed key management (DKMS), realize decentralized cryptocurrency custody, and better protect user assets. Threshold signature applications include enterprise-level wallets, and cross-chain assets in the DeFi field, and cross BTC on the Ethereum chain to participate in DeFi.
Two years have passed and ARPA is turning a toddler from an infant. I firmly believe that ARPA will be active on the world blockchain stage for a long time with the resilience, execution, and long-term insight of our team. We are here to stay!
ARPA Co-Founder & CEO
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 information-theoretic Message Authentication Code (MAC).
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy.
Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.
For more information about ARPA, or to join our team, please contact us at firstname.lastname@example.org.
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