What Is Arpachain? (ARPA) Complete Guide Review About Arpachain.

What Is Arpachain?

Arpachain is a blockchain-based layer 2 solution for privacy-preserving computation, enabled by Multi-Party Computation (“0MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies while keeping each party’s data input private and secure. Developers can build privacy-preserving dApps on blockchains compatible with ARPA.

Some immediate use cases include credit anti-fraud, secure data wallet, precision marketing, joint AI model training, and key management systems. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy. ARPA partners with organizations and tech companies like IEEE Standard Association, ISO, JD.com, Sinochem Group, CAICT, Elrond, and Chainlink.

Arpachain Storage Key Points

ARPA is a Secure Computation Network Compatible With Blockchains

Arpachain Coin propose a blockchain-based secure computation network of Multi-party Computation (MPC). ARPA cryptographically enables private smart contract, unprecedented data-at-use privacy protection, as well as scalable computational sharding

Privacy & Security

MPC allows a set of parties to jointly compute a function over their inputs while keeping them private. The correctness of computation is verifiable even under majority malicious condition

Flexibility & Compatibility

Arpachain network is flexible, easy-to-use, and compatible with existing blockchains such as Ethereum and EOS. Let’s rethink blockchain for the real world: Privacy-preserving smart contracts at scale and data renting

Scalability & Efficiency

Lightning fast performance for mass adoption via verifiable computation. Off-chain computation network capable of industrial-level computation and storage

Technical

Arpachain Coin secure Multi-party Computation (MPC) allows a set of parties to jointly compute a function over their inputs while keeping them private. The correctness of computation is verifiable even under majority malicious condition using secret sharing and information theoretic Message Authentication Code (MAC)

Use Case

Fintech & Insurance

Credit Anti-fraud

Financial institutions can search shared blacklists or perform joint risk analysis for borrowers without disclosing each party’s private information

Secure Risk Analytics

Arpachain financial calculation agent can run risk analytics on client’s encrypted data. Client’s data is 100% invisible to agent

Digital Advertising

Precision Ads Display

Advertisers can display ads to target customers for relevant products based on massive user behavior tags, without breaching user privacy

Profiling Engine

Secure data matching of identities across multiple industries and organizations for well-rounded user profile

Personal Data Wallet

Data Wallet

Arpachain Coin users manage all personal sensitive data, define data policy and conveniently authorize to service providers in encrypted form

Secure Monetization

Users can ‘rent out’ data to advertiser for product preference analysis, free of personal data leakage

AI / Healthcare / Other

• Data Marketplace
• Smart Diagnosis
• Key Management
• Blind Voting
• Dark Pool Trading
• Private Set Intersection

Economics and supply

The Arpachain supply distribution is as follows:

• Private Sale 1: it was conducted in June 2018 for 100,000,000 ARPA at an average rate of $0.02 per token, and raised a total of 1,370 ETH and 1,383,500 USDT（$2.00MM), for 5% of the total token supply.
• Private Sale 2: it was conducted in December 2018 for 100,000,000 ARPA at an average rate of $0.02 per token, and raised a total of 2,000,000 USDT, for 5% of the total token supply.
• Public Sale: it was conducted through an IEO with BISS on 25 April 2019 for 140,000,000 ARPA at an average rate of $0.018, and raised a total of 2,520,000 USDT, selling 7% of the total token supply.

Mission

• Efficient private smart contract for DApp developers
• Privacy-preserving individual & enterprise data renting
• Highly scalable infrastructure via computational sharding