KSM Starter Deepdive: Integritee Network

KSM Starter is thrilled to announce that Integritee will soon be hosting its token sale on KSM Starter on November 30th! To celebrate, the team is offering a deeper look at what Integritee plans to offer, and why they promise to so thoroughly change the privacy industry.

As showcased before, Integritee has the scope, the relevancy, and the impact to secure a Kusama and Polkadot Parachain, therefore making it a superior bet for anyone looking to get in at the ground floor of Substrate’s bright future.

Integritee empowers developers and other dapps, protocol, and networks to process sensitive data, through decentralization without compromising on privacy. The key words here are decentralization and privacy, which ordinarily have been mutually exclusive, until now.

The Integritee platform combines the trust of blockchain technology with the confidentiality of off-chain, trusted execution environments (TEEs). This enables developers and firms to create decentralized data-driven apps and services that can securely process sensitive data, without revealing it on-chain.

Its scope is absolutely huge, and will be central to protecting sensitive data across Kusama, Polkadot, and all other blockchains that they integrate with. In short, it has the potential to become an absolute behemoth in the privacy and security sector.

The most revolutionary tech is always the most intuitive to comprehend. It speaks to immediate needs, and is therefore readily graspable. Integritee, for instance, answers the need for privacy on decentralized networks.

Traditional centralized approaches to privacy tend to be fast and convenient but make huge sacrifices in user privacy and security — lending to large scale data breaches, hacks, and potential phishing situations.

Until now, decentralized alternatives have proven untenable. While blockchain’s open ledger technology and universally verifiable data is one of it’s strongest selling points, when it comes to protecting sensitive business and personal information, blockchain’s biggest virtue becomes a glaring liability.

Integritee’s approach is a unique and powerful hybrid of public blockchain and confidential computing; through their “Trusted Execution Environments” (TEEs) they promise integrity and confidentiality of remote computation. In other words, instead of centralizing data on a rented cloud platform — which is potentially accessible to hackers — the TEE system acts as a network of co-processors that manages their own cryptographic keys and only executes programs whose hash, or fingerprint, corresponds to their individual original codes.

The manufacturer of the processor guarantees, by the design of their hardware, that nobody has access to the internal keys of the TEE or can read its memory. Moreover, the manufacturer can authenticate each TEE and provide remote attestation to a user to confirm that their program has not been tampered with and is actually running on a genuine TEE, even if the machine is physically located in an off-site data center The magic of this is that TEEs allow the user to execute any state update without sharing their data with the blockchain validator or other users. For the first time on blockchain, through Integritee, private token transfers, private smart contracts and private state channels all become possible and relatively cheap.

Because the combination of confidentiality and public auditability is nearly infinite, Integritee can be applied in a wide array of circumstances and provide unique advantages to businesses in an unlimited number of sectors.

From healthcare and decentralized finance to supply chain management and estate planning, processing sensitive data is simply unavoidable. In any situation where multiple parties need to process potentially sensitive data, whether that is a B2B or B2C interaction, Integritee provides a trusted technical foundation. There are far too many potential use cases to list, but below are three examples:

Health and Wellness Applications: Integritee allows multiple manufacturers of wearable devices to securely pool data insights, without having access to the data, thereby protecting user privacy.

Crypto Exchanges: Integritee enables a hybrid design that delivers the speed of a centralized exchange, while minimizing counterparty risk and the threat of frontrunning.

Privacy Messenger Bridge: Integritee can facilitate interoperability between private messaging apps, without exposing unencrypted data to an intermediary.

Integritee’s applications are practically endless, and totally customizable. For an in-depth breakdown on the more technical element’s to Integritee’s TEE system, stay tuned to KSM Starter’s official Twitter and Telegram.

About Integritee

In development since 2018, Integritee AG’s solution enables sensitive business or personal data to be securely handled in an interoperable blockchain ecosystem. Using a hybrid of blockchain technology and hardware-enabled trusted execution environments, it enables businesses to securely process sensitive data, aiding compliance with privacy laws like GDPR.

About KSM Starter

KSM Starter, the primary launchpad on Kusama, is built to provide early-stage support and public funding for projects building on Substrate. KSM Starter’s incubator modeled launchpad is driven by the community and shared values of fairness, transparency, and decentralized organization.

📰 INFO 

https://ksmstarter.medium.com/ksm-starter-deepdive-integritee-network-7124a2678051

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