The Developer of "Secret Contracts" Engima, Launched a Test Blockchain
The built-in blockchain, which ensures the work of private contracts between users, officially launched on the testing stage. The project Engima was originally created for the hedge funds. Now, the brands themselves are acting as a protocol for "secret contracts".
This news indicates that this technology is one of the forms of modified intellectual contracts, designed to eliminate the arising transactions, and allows the contractor to calculate contracts without decoding, closer to real use.
Emphasizing the new nature of the technology, the developers noted:
"We acknowledge that development of these types of innovative technologies is non-linear and an ongoing, iterative process. We're not simply forking an existing platform – we're building something completely new and essential, something that will take (and has taken) many people and many days and nights to build."
Earlier this month, representatives of Engima said that the project is working with a technology giant, Intel. The cooperation is aimed at further development of the platform, as well as applications for working in this protocol. In accordance with the road map, the launch of the network in full-fledged mode is planned to be implemented in three months.