We’re making decentralization work.
Enigma is a blockchain-based protocol that uses groundbreaking privacy technologies to enable scalable, end-to-end decentralized applications.
Blockchains need help.
Blockchains are a revolutionary technology, but they are still held back by fundamental limitations. To build truly decentralized applications that can achieve global adoption, we need protocols like Enigma that solve these challenges.
Blockchains face two major issues
Data on the blockchain is accessible by anyone, making storing sensitive data impossible. This restricts the number of applications for blockchains.
Computing on the blockchain is too slow and expensive. Storing and computing over very large amounts of data on the blockchain is not feasible.
Enigma solves both.
The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation over that data.
Enigma’s protocol is based on innovative privacy technologies first described in 2015 in our cofounder’s MIT thesis. With Enigma, "smart contracts" become "secret contracts", where input data is kept hidden from nodes in the Enigma network that execute code. Without this functionality to protect sensitive data, blockchains and smart contracts are either useless or not truly decentralized.
What can we build?
The Enigma protocol will power an ecosystem of truly decentralized, world-changing applications.
The Enigma privacy protocol allows for decentralized computation of sensitive data.
On this protocol, dozens of platforms such as data marketplaces and AI exchanges can be built.
This enables thousands of truly decentralized apps that require private computation and secure data.
Enigma can change the world
Enigma’s privacy protocol unlocks billions of dollars in value for individuals and industry. Here are just a few examples of fields our protocol can completely reshape.
Users can collectively and independently monetize their data while still keeping it private from companies who wish to perform analysis, restoring power to individuals.
Healthcare and Genomics
Healthcare companies can provide data to researchers without compromising its privacy, allowing for more discoveries and innovation.
Borrowers can establish their trustworthiness in a decentralized banking system without exposing their data directly to lenders, unlocking growth for lending ecosystems.
Value is created through decentralized data marketplaces for the rapidly growing Internet of Things. These marketplaces will require privacy for off-chain computations to be successful at scale.
Our first application:
Catalyst is the first application to be built on the Enigma protocol, already active with tens of thousands of users. Catalyst is a revolutionary platform for data-driven cryptoasset investing and research, built for professional crypto traders.