Arpa Chain (ARPA) is a blockchain-based 2-layer solution computing network that ensures personal privacy by using MPC (Multi-Party Computing) technology. Formed in April 2018, the ARPA development team aims to separate data usage, ownership, and data leasing. ARPA’s MPC protocol allows multiple parties to analyze and extract aggregated data sources while ensuring the data source is secure and private. ARPA allows private data sharing and ensures the accuracy of computing power.
What is ARPA token used for?
ARPA tokens are used to calculate computation costs, data fees and model usage, security deposits, community governance, etc. ARPA tokens are currently running on the Ethereum network. Some immediate use cases include: Credit fraud prevention, secure data wallets, precision marketing, general AI model training, key management systems, etc.
Application of ARPA
Finance-technology & Insurance
ARPA helps fight credit fraud. It allows financial institutions to look up blacklists, to be shared, or to run joint risk analysis across browsers, without disclosing their own information.
With ARPA, advertisers can run ads to precisely target their potential audience with relevant products based on a wide range of user behavior, but without compromising rights. user privacy.
Personal data wallet
Users can conveniently manage sensitive personal data, define data policies and authorize service providers as encrypted information.
AI / Healthcare / Other
Secure multi-party computation allows a group of parties to compute a function in their inputs, while keeping them private. The accuracy of the calculations can be verified even under the worst conditions using secret division and theoretical message authentication codes (MACs).
ARPA aims to improve blockchain in the following aspects:
The secure computation is done securely, no participating node learns more than the specified output.
Verifiable operations can be publicly audited and their accuracy can be proven. Therefore, this is possible with out-of-source operations from the blockchain network.
The Layer 2 solution combines secure and authenticated computations, which are difficult to perform off-chain. Essentially, this makes the secure computing protocol adaptable to any existing blockchain network.
ARPA’s scalability is designed as a 2-layer solution. The on-chain network will never reach its computational limit. As a result, the development team can improve the compute scalability and TPS (transactions per second) of any network. Computing power is increased linearly to the participating nodes.
Efficient means of advanced MPC protocol is used to speed up secure computation.
The world’s first universal MPC network available for secure computing. With high availability and low cost, the development team promotes data security and privacy practices that are not easy to achieve.
ARPA is a global group of research and business developers. All members of the development team have studied and worked abroad such as at Google, UbE, Amazon,… or graduated from prestigious schools such as Tsinghua University, Carnegie Mellon University (CMU), University of Science and Technology. University of Michigan (UMich), New York University (NYC), George Washington University (GWU),… In terms of research and application, ARPA works closely with professors from NYU, Hong Kong Polytechnic Kong, Zhejiang Encyclopedia. In the blockchain field, ARPA is mentored by experienced professionals who have worked at Blockstream, TechCrunch and many other advisors from leading crypto investment funds.
Pro.Quinming He – Dean of Customer Service Department at Zhejiang University
GSPanos Ipeirotis – Professor of Information at New York University
Qingxia Zhang – Director of Global Technology Services at IBM, China
Michael Arrington – Founding Partner of Arrington XRP, Founder of TechCrunch
Although the idea of ARPA is not a new idea in the blockchain field, but with remarkable achievements in many aspects such as partners, investors, practical applications. ARPA is a project worthy of attention and investment consideration. The ARPA development team is very active and they announce that there will be many strong development plans for the community, partners and applications in the future.
According to AZCoin News
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