NextBlock backs Soda Labs with $3M to bring privacy to public blockchains
Soda Labs’ GC-MPC system lets banks and payment companies compute on private data without leaving public blockchains. NextBlock, a Luxembourg venture firm, funded the entire seed round.
Via TNW | Contributed
NextBlock is putting $3 million behind an increasingly important challenge for public blockchains: how to give financial institutions privacy without forcing them to move their activity onto separate, purpose-built networks.
The Luxembourg-based venture capital firm has funded Soda Labs’ entire seed round. It is backing the company’s programmable privacy infrastructure for financial activity on public blockchains.
Soda Labs has spent the past two and a half years developing a cryptographic privacy system. It combines garbled circuits with multiparty computation, or…
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