Multi-party Computation Alliance founded for digital privacy, security

Today, several tech firms have become founding members of the Multi-party Computation (MPC) Alliance for security and privacy in the digital age. Members include developers and practitioners of MPC hoping to protect the increasingly valuable ‘data footprint’. Revealed at today’s Blockchain Expo in Santa Clara, the US, it aims to encourage MPC adoption and explore new solutions for online services.

MPC for blockchain and beet auctions

The technology works by distributing pieces, sometimes known as ‘shares’, of data to different servers, where computations are done separately. Storing a private key for use on a blockchain, for example, would split the key up and distribute it among distinct nodes. To use the key, you would need to know where each fragment is kept. A single share is useless without knowing the other parts of the key and where they are held, so hackers have a much harder time compromising data.

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