Findora Launches PCIC, The First Privacy Computing Technology Consortium in China

May 9, 2021 inPartnershipsby Findora

You may not be aware but there has been a race for privacy in computing that has been long-running, but it has arguably reached peak prominence over recent years, particularly in 2020-2021.

The privacy and sovereignty of information has become a major talking point in the current climate of the data economy, culminating in a field that we have named ‘Privacy Computing’. Privacy computing is important when it comes to promoting the “usability” of data and pertains to integrated technologies for the compliance with privacy legislation as well as the secured distribution and release of user data.

Recent events such as the user-privacy data scandals allegedly propagated by the likes of Facebook and Google have contributed to an atmosphere of fear: which has seen organizations across the technology-sector competing to commodify the sanctity of sensitive user information – and blockchain technology is no exception.

This is why Findora Foundation has helped to create the ‘Privacy Computing In China’ (PCIC) technology consortium, the first autonomous organization in the field of blockchain ‘privacy computing’ in China.

PCIC aims to be an autonomous organization which prizes credibility, openness, win-win, and strong communication atmosphere in the field of privacy computing amongst its core values.

Along with Findora Foundation, the full list of PCIC members is: Oasis Network, CertiK, Manta Network, Phala, Cabin VC, Candaq, Chinese Society for Technology Economics (CSTE), Blockchain Branch and Blocklike.

Findora Foundation, along with all the organisations listed above, are all active builders of this emergent ‘privacy computing’ sector, and we aim to promote the development and growth of the privacy computing ecology. This will be achieved by pooling the collective resources and strength of this new technical alliance, PCIC.

The Privacy Computing Technology Consortium (PCIC) wil be governed by a rotating roster of core contributors. The PCIC will organize, share information and showcase the community dynamics and directions every month.

Findora Foundation is currently working together with all members to actively organize proactive initiatives for the promotion of ‘privacy computing’ including: AMAs, high-level discourse and thought leadership, interviews, science-based content, online activities and offline activities, to achieve a shared vision of privacy in computing.

Looking forward, PCIC will bring together experts and scholars, research institutions, leading technology companies, investment institutions, KOLs, technology developers and traditional Internet companies in the field of privacy computing to popularize technical principles, explore high-quality projects, train developers and develop technical application scenarios in the field of privacy computing.

PCIC is committed to promoting market education, resource copolymerization and industry innovation in the field of privacy computing, with an authoritative, open, inclusive and cooperative stance, to jointly meet the bigger privacy computing market wave in 2021.

 

About The PCIC Members

Findora Foundation

Findora Foundation is building Findora, a global decentralized financial network for the creation and use of confidential assets and smart contracts. The Findora blockchain achieves privacy-preserving transparency, operates with the best-in-class security features, and uses ZK-Rollup technology. Its flexible technology can also be used to replace enterprises’ current infrastructure or be deployed in the cloud as sub-networks (side-ledgers) — all interoperable with the public Findora blockchain.

Findora enables assets of any nature on its network — fiat, cryptocurrencies, equity, debt and derivatives. Its mission is to address the challenges that exist when supporting a wide spectrum of assets and diverse financial use cases, while providing confidentiality and retaining transparency.


The Oasis Network


Designed for the next generation of blockchain, the Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy. Combined with its high throughput and secure architecture, the Oasis Network is able to power private, scalable DeFi, revolutionizing Open Finance and expanding it beyond traders and early adopters to a mass market. Its unique privacy features not only redefine DeFi, but also create a new type of digital asset called Tokenized Data that can enable users to take control of the data they generate and earn rewards for staking it with applications — creating the first ever responsible data economy.


CertiK

CertiK is a cutting-edge cybersecurity firm founded by Computer Science professors hailing from Yale and Columbia University respectively, aiming to improve the security and correctness of smart contracts and blockchain protocols on a global scale.

CertiK has audited and secured over $30 billion in assets, including many of the world’s top blockchain projects. Some of our notable clients include Binance, Terra, Matic, Lien Protocol, Aave, Shapeshift, Ampleforth, Fetch.ai, Reserve, HDAC, Kava, Thorchain, and over 500 exciting projects.

The research efforts of CertiK have also received grants from IBM and the Ethereum Foundation, and notable investors include Binance Labs, Bitmain, Lightspeed Venture Partners, among others.


Manta Network


Manta Network is the plug-and-play privacy-preservation protocol built to service the entire DeFi stack. Built on Substrate to leverage interoperability and zkSNARKs to leverage scalable privacy, Manta Network offers a suite of products and services that enable privacy for blockchain projects. As part of its own suite of products, Manta Network offers private payment and a private decentralized exchange, MantaSwap. Manta’s founding team comprises many US cryptocurrency veterans, professors, and scholars whose experience include Harvard, MIT, and Algorand. Manta has previously closed a $1.1m seed round led by Polychain.


Phala

Phala is a Substrate-based confidential smart contract blockchain on which confidential-preserving and privacy-first blockchain apps can be developed. It is also a member of the Substrate Builders Program starting lineup and recipient of Web3 Foundation Grant.

Cabin VC focuses on asset digitalization. Recently, Cabin has partnered up with first-class builders in the industry such as: UPRETS, Binance Blockchain Institute, HKbitEX, GSX Group and Ontology, in hope of sharing the latest developments of this high potential industry with society.


Candaq

CFG (Candaq Fintech Group) originates from Berlin and the Silicon Valley. We focus on the incubation of fintech and blockchain-based start-ups, including but not limited to Fintech, blockchain, big data, artificial intelligence, internet of things and new energies. We make venture investments at early stages and offer professional tokenized initial offering advisory services. To help entrepreneurs turn their brilliant ideas into reality, Candaq has built a worldwide collaborative network with numerous academic institutions, venture capitals and cryptocurrency communities. We are believers of new FinTech and blockchain technology and our vision is to “Redefine the Fintech”.


Chinese Society for Technology Economics (CSTE)

Founded in 1978, the Chinese Society for Technology Economics (CSTE) is an academic and public welfare corporate social organization formed voluntarily by technical economists nationwide. CTSE is registered in accordance with the law and is one of the societies directly under the Chinese Association for Science and Technology (CAST) which boasts over 7,000 members. Its main function includes providing reference opinions for major decisions of the Party Central Committee and the State Council, preparing national economic and social development plans, and providing consulting services for the formulation of national major science and technology, industry and regional development plans.

The Blockchain Branch of China Society of Technology Economics is a professional committee that studies the cross-fertilization of blockchain, emerging frontier technologies and their application and development in the economic field. The two main tasks of the blockchain branch are to study the application scenarios of blockchain technology and to find technical support for multiple parties of the blockchain economy.


Blocklike

Blocklike is a content service media focused on blockchain technology and digital assets. It provides services such as industry cutting-edge information, hot news reports, in-depth original content, PR communication strategy and investment and financing matching for blockchain enterprises and enthusiasts.

The team was established in 2013, and created a blockchain original content media platform, cryptocurrency community, online activity. Blocklike also hosted the DAIF Digital Asset Industry Forum, multiple industry summits, and Vitalik Buterin’s Ether China Roadshow in Hangzhou. We have established close partnerships with dozens of top-tier industry organizations and more than 600 blockchain companies to provide multi-dimensional customized services.