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Emurgo Ventures partners with Partisia blockchain for privacy on Cardano dApps

Steve MsohBy 0Edited by John Kiguru 3. May 20222 Mins Read
  • Emurgo Ventures has announced a partnership with Partisia blockchain that will see the dApp developers on Cardano able to enhance on-chain privacy.
  • dApps on Cardano will now have access to zero-knowledge proofs and multi-party computation even as Partisia works on its smart contract programming language which launches this year.

Emurgo Ventures has today announced a new partnership with Partisia, a layer 1 blockchain network that focuses on privacy, scalability, and trust. The aim of the partnership will be to allow the exchange of resources to enhance Cardano’s decentralized privacy features on-chain.

Through the partnership, Cardano decentralized app (dApp) developers will be able to leverage Partisia’s zero-knowledge and multi-party computation for their dApps. Partisia’s development team will develop customized smart contracts for these developers to use when they build their Cardano dApps, the teams shared with CNF via a press release.

In addition, Partisia revealed that it’s working on its own smart contract programming language whose first full version launches by the middle of this year.

Ken Kodama, the founder of EMURGO, which is Emurgo Ventures’ parent company, believes that the partnership will be a catalyst for the growth of the Cardano ecosystem. EMURGO is the commercial arm of the Cardano blockchain.

Kodama commented:

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.

Partisia Blockchain founding team is just as excited about the partnership. Co-founder Brian Gallagher claimed that the project couldn’t be more thrilled to launch its “first cross-chain, zero-knowledge privacy smart contracts to the Cardano ecosystem” in partnership with Emurgo Ventures.

“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,” Gallagher added.

 

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Steve, a seasoned blockchain writer with eight years of dedicated experience, brings a wealth of knowledge and passion to the world of cryptocurrency. His journey as a crypto enthusiast spans even longer, fueling his continuous dedication to this transformative technology. Steve's true calling lies in the potential of blockchain to drive positive change, particularly in addressing the pressing issues confronting developing nations. With a deep-rooted commitment to advancing the adoption of blockchain solutions, he strives to bridge the gap between innovation and impact, making the world a better place through blockchain's incredible potential. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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