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Enigma announces new partnership with Intel, rallies by 20%

Enigma has officially partnered with multinational technology giant Intel in a move that will see both parties develop new blockchain scaling and privacy solutions.

In breakthrough news for Enigma – the platform dedicated to leveraging privacy technologies to build end-to-end decentralized applications – the blockchain startup has officially confirmed a new partnership with multinational technology giant Intel.

The news was first revealed on Medium, where Enigma Founder Guy Zyskind elaborated that “Today we announce that Enigma is partnering with Intel on research and development efforts to advance development of privacy-preserving computation technologies. As a part of this effort, Enigma will utilize Intel SGX (Software Guard Extensions) in building our groundbreaking privacy technologies. With Enigma’s solutions, data is protected while still allowing for computation over the data as part of a scalable, secure solution.”

Engima’s approach is rooted in the belief that total transparency and the lack of clear-cut scaling approaches compromises the development of decentralized applications.

Through ‘secret contracts’ – which hides input data from network nodes – Enigma has positioned itself as the ‘missing piece to a decentralized future’.

That confidence has now been bolstered by Intel, and the two parties will now co-develop privacy, security, and scalability solutions for blockchains.

Presiding over the news, Intel Corporation’s Vice President, Software and Services Group Rick Echevarria offered that “Intel is committed to enabling business transformation by shortening the time-to-value from blockchain implementations and working with the industry to address privacy, security and scalability challenges. Enigma’s protocol approach is helping solve the challenges on public blockchain networks and improving data privacy and smart contract security.”

Enigma’s testnet launch is slated to occur within the coming weeks, while the protocol’s mainnet launch is slated for launch in the second semester of 2018.

Enigma’s price has roared to new heights in the wake of the announcement. At press time, Engima is up 20.84% day-on-day, and presently trades at $1.72 USD.