MIT’s ‘Enigma’ Uses Bitcoin Blockchain to Create Privacy-Enhancing, Decentralized Computation Platform

By July 24, 2015Bitcoin Business

The MIT Media Lab has unveiled that it is working on a Bitcoin-based encryption system that lets users securely share data over a decentralized computational network. The system, called Enigma , could offer drastically improved privacy features on the Internet.

Enigma, which is still in its prototype phase, is set to solve a classic problem in data security. Similar to a process known as “homomorphic encryption,” the system would allow data to be shared and […]

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