Arcium (BC9)

Analogically, my friends and I are institutions that may want to collaborate together. The soup could be any useful result for which we are working together, e.g., training an AI model for diagnostic purposes.

The secret ingredients represent sensitive information, like personal information from patients' medical history and stuff.

Last but not least, the magic box is ARCIUM.

Definitively, Arcium is the first parallelized confidential computing network empowering developers and applications to flexibly access trustless, verifiable, and performant computing power.

Think of it as a worldwide supercomputer using cutting-edge cryptography to allow encrypted data to be processed securely without exposing (decrypting) that data.

Fundamentally, Arcium aims to solve the problem of “how sensitive data is processed in the web3 space.”

Yannik Schrade LinkedIn

Lukas Steiner LinkedIn

Julian Deschler LinkedIn founded Arcium in the year 2022 in Baar, Switzerland.

PS : embedded link is to X profile

Data is at the core of everything we do online. From browsing the web to making online purchases or sharing files, our data can exist in three states:

At Rest: Stored on a device, like photos or videos on your phone.

In Transit: Moving from one place to another, like when you send an email.

In Use: Being processed, like when a computer calculates your taxes.

Some people already know how to protect data when it’s at rest (using passwords) or in transit (using SSL encryption), but data in use has traditionally been hard to secure.

Conventionally, when you send data—say an email, a photo, or a text—it has to be decrypted before being processed, and this leaves it vulnerable to hacks.

Arcium ensures that data remains encrypted even while being processed, making it highly secure.

Multi-Party Computation (MPC), which is like having multiple people work on different pieces of a puzzle without anyone seeing the full picture, is one of the technologies employed by Arcium to ensure this protection.

Using this analogical explanation for MPC, when the pieces are brought together, the puzzle is solved without anyone knowing what the entire puzzle looks like.

Other technologies used include Fully Homomorphic Encryption (FHE) and Zero-Knowledge Proofs (ZKPs).

I have already explained analogically how MPC works, but here is another analogy according to Whiteboard Crypto:

Let’s say five healthcare companies want to work together to build an AI model for cancer diagnosis.

They all have patient data, but sharing it directly is illegal or risky due to privacy laws.

Instead, they break the data into smaller, meaningless pieces and distribute these pieces among each other.

None of the companies have access to full data, but by combining their pieces, they can train the AI without compromising any patient’s privacy.

As of the time of documentation, Arcium has no native token.

Some notable investors in Arcium include:

Greenfield Capital

Coinbase Ventures

Heartcore Capital

Longhash VC

L2 Iterative Ventures, Staking Facilities, Smape Capital, and Everstake.

Check out this tweet by Echoesweb for more on the investors

It can be used for secret voting in DAOs (Decentralized Autonomous Organizations), where no one can see how you voted, but the system remains verifiable and trustworthy.

With Arcium, players can play on-chain games like poker, where players’ hands are kept confidential without relying on a central server.

In situations where DeFi users want to keep their trades private, Arcium makes provision for things like encrypted order books—a way to keep trade details secure, preventing market manipulation.

Arcium provides opportunities for companies to train AI models using sensitive data like patient information or financial data without ever revealing that data to anyone else, revolutionizing the healthcare and finance landscape, where privacy is critical.

Although Arcium is based on the Solana blockchain, it aims to expand to other chains, bringing massive innovation to sectors like AI, finance, gaming, and even government services in the future.

In summary, Arcium is revolutionizing how we think of data security, making it feasible and seamless for businesses, developers, and even regular users to use and share data safely in ways that were previously impossible.

DYOR, do your own research

Arcium docs