A built-from-scratch blockchain aiming to enable private contracts between users has officially entered testing.
, the news marks the latest step in a journey for startup Engima to launch its own technology – developed at the MIT Media Lab, the project is based on a white paper published in 2015. Initially aimed at the hedge fund sector, Enigma now brands itself as a protocol for "secret contracts," which it demonstrated last month at CoinDesk's Consensus 2018 event.
As such, the announcement means that the technology, a form of modified smart contracts designed to obfuscate the origin of a transaction, as well as allow a blockchain to compute contracts without decrypting them, is now closer to real-world use.
However, in remarks, project leaders were quick to caution expectations.
Stressing the novel nature of the technology, they wrote:
Still, signs are others are beginning to take an interest in the technology, even at this early stage.
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