Applied Blockchain introduces Silent Data, a revolutionary Ethereum Layer 2 solution designed to enhance privacy in blockchain operations. This cutting-edge technology offers organizations a secure way to deploy blockchain applications while safeguarding sensitive information from exposure.
The launch of Silent Data marks a significant milestone in blockchain innovation, especially with the integration of this privacy-focused solution by Archax, a prominent UK-based digital asset exchange, broker, and custodian regulated by the Financial Conduct Authority (FCA).
Developed by Applied Blockchain, Silent Data caters to a wide range of entities—from multinational corporations and financial institutions to emerging tokenization ventures and Web3 startups. Its key advantage lies in enabling organizations to manage data sharing according to their specific needs, ensuring data confidentiality while delivering optimal performance, scalability, and adherence to regulatory requirements.
By incorporating Silent Data into its platform, Archax is poised to enhance privacy controls when tokenizing real-world assets (RWAs), maintaining confidentiality over critical balance and transaction details that are visible only to authorized entities. This capability enables Archax to fulfill the stringent commercial demands of major financial institutions seeking secure blockchain solutions.
Businesses worldwide have been eager to leverage blockchain technology for its inherent benefits such as transparency, automation, and asset tokenization. However, concerns around data privacy and regulatory compliance have hindered many from fully embracing these advancements. Some enterprises resort to using private blockchains as a workaround to shield sensitive data like user identities or transaction amounts—but this approach often leads to isolated systems and missed opportunities due to complex integration processes.
Silent Data bridges this gap by combining the best features of public chains—interoperability and verifiability—with the control, confidentiality, and efficiency of private infrastructure. Notably, all sensitive data within Silent Data’s Layer 2 blockchain is protected at the hardware level through a trusted execution environment (TEE), ensuring that commercially valuable information remains inaccessible even to platform operators.
Access protocols are rigorously enforced via standard Solidity (EVM) smart contracts that dictate which parties can access specific data under predefined conditions. This meticulous control empowers organizations like Archax with granular oversight over shared data without compromising scalability or regulatory alignment—an essential balance for operating in today’s dynamic digital landscape.
Furthermore, Silent Data comes equipped with a suite of pre-built blueprint applications tailored for enhanced privacy—a feature that underscores Applied Blockchain’s commitment to providing businesses with robust tools for leveraging blockchain advancements while fortifying data security measures.
In discussing the significance of Silent Data’s launch, Adi Ben-Ari—the CEO and founder of Applied Blockchain—emphasized its role in breaking down longstanding adoption barriers:
“Silent Data gives businesses the tools… scalable… compliant applications that protect what matters most: their data.”
Nick Donovan—Archax’s Chief Revenue Officer—expressed enthusiasm about integrating Silent Data into their platform:
“Silent Data gives us granular control… serve institutional clients… privacy [and] scalability they expect…”
With Silent Data paving the way for enhanced privacy controls in blockchain operations, organizations are now better equipped than ever before to navigate the complexities of modern digital transactions securely while unlocking new possibilities for innovation across various industries.
Leave feedback about this