A peer-to-peer network, enabling different parties to jointly store and run computations
on data while keeping the data completely private. Enigma’s computational
model is based on a highly optimized version of secure multi-party computation,
guaranteed by a verifiable secret-sharing scheme. For storage, we use a modified
distributed hashtable for holding secret-shared data. An external blockchain
is utilized as the controller of the network, manages access control, identities and
serves as a tamper-proof log of events. Security deposits and fees incentivize operation,
correctness and fairness of the system. Similar to Bitcoin, Enigma removes
the need for a trusted third party, enabling autonomous control of personal data.
For the first time, users are able to share their data with cryptographic guarantees
regarding their privacy.