Blockchain-based privacy-preserving computation network, ARPA announced entering into a partnership with Amazon AWS and joined Amazon AWS Joint Innovation Center. With this development, ARPA becomes the first-ever privacy-preserving computation enterprise in China to partner with Amazon AWS.
According to the official release, the Amazon AWS Joint Innovation Center will offer ARPA with technical support and innovative enterprise solution services on cloud computing, big data, fintech, as well as enterprise marketing.
The official announcement stated,
“Data is the fuel and a factor of production in the digital society. It is a new asset class. The secure flow of data requires privacy-preserving computation, and distributed privacy-preserving computation requires robust, secure, and stable cloud computing services. The alliance of ARPA and Amazon AWS will be an integral part of the future data flow infrastructure.”
The announcement further mentioned that after joining Shanghai-Amazon AWS JIS, ARPA will continue to strengthen its partnership with Amazon AWS to deepen its root in the data industry and privacy-preserving tech to build a secure, efficient digital future.
TWJ had earlier reported that ARPA, which happens to be a blockchain-agnostic layer-2 solution built on Ethereum, is widely used in which proxy smart-contracts are leveraged as a bridge to link the blockchain and secure communication network.
In addition to that, the first project to be hosted on Binance’s Launchpool platform- Bella Protocol, was reportedly incubated by ARPA.
Previously in July this year, China’s second-largest online retailer, JD.com, announced teaming with the blockchain privacy platform to protect the financial data of major clients. The data platform for the firm’s subsidiary JD Digits was slated to integrate with ARPA’s blockchain-based network, which uses a technology known as secure multi-party computation.
Moreover, in December 2019, ARPA was awarded as “China’s Top 10 Innovative Blockchain Company”, along with Tencent Blockchain, Baidu Xuperchain, Wanxiang Blockchain, JD Blockchain, and others.