Enigma

by Enigma

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iEx.ec

by iExec

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Enigma

by Enigma

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iEx.ec

by iExec

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What problem does this service solve?

Enigma's goal is to bring more privacy to blockchains. Enigma's protocol uses private smart contracts to perform computations on encrypted data.iExec is a decentralized marketplace for computing resources.

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Company Description

Enigma aims to bring greater utility to blockchain by increasing privacy. The Enigma protocol introduces private smart contracts called "secret contracts"​, that enable computations on encrypted data, and use the blockchain infrastructure for payment distribution and other functions. Enigma is taking on one of the central problems facing blockchain, maintaining data privacy while meeting the rapidly growing scaling requirements of decentralized networks. Enigma tries to solve this problem by introducing a second layer network for computations. By using secret contracts that allow nodes to process data, sensitive proprietary data can be protected, while maintaining the other benefits of storing data on a blockchain.

iExec is developing a blockchain-based cloud computing marketplace. iExec's goal is to offer distributed applications easy access to the computing resources that they require. The iExec platform creates a marketplace for computing resources where anyone can monetize their extra servers and processors. The network is powered by the RLC token.

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