Today blockchain-focused venture platform Outlier Ventures revealed that it invested a “significant” sum in Enigma, a protocol for using sensitive data with decentralized technology. Enigma was first researched at MIT in 2015 for medical data management and now has potential in credit, finance, and other industries holding personal information.
The partnership secures Outlier Ventures as a strategic advisor to Enigma, which will, in turn, grow the reach of its protocol. Enigma will additionally become a member of the Convergence Alliance, a consortium including Jaguar Land Rover, SAP, and T-Labs for combining emerging technologies like blockchain, AI, and IoT.
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