![]() ![]() The Protocol Layer allows for the decentralized computation involving sensitive data. The Enigma protocol can power an entire ecosystem. The team behind Enigma feels that without privacy like this, it is impossible for smart contracts and blockchains to be both truly decentralized and useful. ![]() In these secret contracts, input data remains hidden from Enigma network nodes, which execute the code. The smart contracts found in other blockchain-based platforms are “secret contracts” on Enigma. In terms of scalability, blockchain computing is too expensive and slow, making it unfeasible to store or compute extremely large chunks of data.Įnigma is able to resolve both of these problems via unique technology that allows for data privacy and computation at the same time. Since you cannot store sensitive data, blockchains have a restricted number of use cases without any adjustments. Why Are Privacy and Scalability Problems, and How Does Enigma Solve Them?īlockchains face privacy issues since anyone can access the data, which makes it impossible to store sensitive data. The long list of advisors for Enigma include the director of MIT Media Lab Entrepreneurship Program (Alex Pentland), a partner at Pantera Capital (Paul Veridittakit), the CEO of Abra (Bill Barhydt), the COO and co-founder of NerdWallet (Jacob Gibson), a managing partner at Sora Ventures (Jason Fang), the former director for Quantopian’s Hedge Fund Development (Justin Lent), the former VIP of treasure and trading operations for Circle (Josh Lim), and a former software engineer with TwoSigma (Matthew Falk). Other team members include Tor Bair as the head of growth and marketing Victor Grau Serrat as a senior software engineer Frederic Fortier as a senior software engineer Moria Abadi as a senior software engineer and researcher Lena Kleyner as a senior software engineer Ainsley Sutherland as the product and partnership strategy lead and software engineers Isan Rivkin, Avishai Weingarten, and Embar Almog.Īmong those additional team members, you will find at least four people with over 10 years in software development, two of which have over 15 years of experience. The other co-founder, Chief Product Officer Can Kisagun, is an MIT Sloan MBA and has experience at McKinsey. The co-founder and CEO, Guy Zyskind, has over 10 years of experience in software development, along with experience with MIT Media Lab. The team behind Enigma includes many professionals who honed their skills at MIT, along with top-tier investors backing the project. ![]() 2 Why Are Privacy and Scalability Problems, and How Does Enigma Solve Them?. ![]()
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