Enigma and KyberNetwork Partner To Expand Blockchain & Crypto-Asset Adoption

Strategic Alliance Aims To Revolutionize Data Usage And Enhance The Blockchain Economy’s Potential

Richard Kastelein

October 28, 2017

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Enigma, a decentralized data marketplace protocol built by MIT graduates, has today announced a partnership with world renowned digital assets exchange and payments processor, KyberNetwork.

The collaboration focuses initially on initiatives around Enigma’s landmark product, Catalyst, a machine-based investing platform and trading infrastructure for digital assets. Catalyst will be used to support reserve operators on KyberNetwork, while KyberNetwork will integrate with Catalyst as a data provider and as an exchange service.

In the longer term, both companies will work towards their shared perspective for the decentralization of crypto-asset exchange and the expansion of blockchains through potential initiatives in different industries and verticals.

Enigma co-founder and CEO Guy Zyskind said:

“Enigma has an ambitious goal to build a protocol that can support mass adoption of decentralized applications. As a first step, this partnership will help build momentum and acceptance of the Enigma protocol, working toward our goal of democratizing data. All of us at Enigma have tremendous respect for the KyberNetwork team and their view for the future of decentralization. Our companies are excited to work towards future strategic initiatives and believe this sets a strong precedent for our other partnerships in the space.”

While the original concept of the internet is that of decentralized information and freedom, the past decade has seen the increased centralization of data owned by a few large companies.

Data is quickly becoming the most valuable digital asset. The primary aim of the Enigma protocol is to return to the original vision of the internet and create a single, open-sourced protocol for permanently storing, sharing and processing of data.

Enigma is building a decentralized, scalable blockchain data marketplace for the web by building a necessary second-layer, off-chain network. Through this unique infrastructure, Enigma aspires to fix the biggest flaws of blockchain — scalability and privacy.

Loi Luu, KyberNetwork co-founder and CEO, said:

“Our partnership with Enigma solidifies our aspiration to be the leader in the crypto-asset exchange sector. With Enigma’s vision, their deep understanding of blockchain technology and the power of Catalyst, this collaboration is expected to spark innovation and additional research into the intricacies of trading behavior. In so doing, we hope that our efforts can close the gap between data demand and supply, and empower effective and efficient use of data.”

Enigma and KyberNetwork aim to revolutionize how data is used and to realize the full potential of the blockchain economy. The number of unique crypto-assets circulating in the market will expand as the sector continues to mature. Enigma and KyberNetwork’s continued evolution and collaboration will ensure state of the art infrastructure for the transaction of crypto-assets in the future.

Follow Enigma and Catalyst’s progress and updates at https://blog.enigma.co/@EnigmaMPC

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About the Author
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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme. Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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