Timeline
Telling the story by looking back at the most important field-of-use
Partisia timeline
The elaborated story of Partisia is all about commercialising advanced cryptography addressing weak and single points of failure across digital infrastructures and applications.
Here we tell the story by looking back at the most important field-of-use:
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Market solutions - Pioneering the use of MPC
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Blockchain and MPC - The mature infrastructure
Market Solutions
Pioneering the use of MPC
2008 The Partisia team developed the world’s first large scale application and commercial use of MPC - a decentralised exchange applied in the Danish sugar industry.
This successful use of MPC was the starting point of Partisia and has been reported most notably in the landmark paper “Secure Multiparty Computation Goes Live” from Financial Cryptography 2009.
2010 Part of the Center for Research in the Foundations of Electronic Markets. The center was granted 26,5 million DKK from The Danish Council for Strategic Research.
2010 Partisia has teamed up with energy specialist, Norenergi, to provide auction solutions for confidential online trading of energy-related products based on Partisia’s unique technology.
2010 In cooperation with Copenhagen Economics and Professor Nils-Henrik M von der Fehr, Partisia has been awarded a framework agreement by the Swedish Post and Telecom Agency (www.pts.se). The framework agreement is on auction consulting services in future spectrum auctions held by PTS.
2012 In cooperation with Copenhagen Economics and Professor Nils-Henrik M von der Fehr, Partisia has been awarded a framework agreement by the Norwegian Post and Telecommunication Authority (www.npt.no). The framework agreement is on auction consulting services in future spectrum auctions held by NPT.
2014 Energiauktion.dk is now adjusted to utilise the newly opened Datahub. By March 2014 the Danish datahub that works as a single access point to consumption data on all Danish electricity metres, contains the required 12 months of historical data. Energiauktion.dk has been adjusted to utilise the Datahub to simplify the way procurement auctions are conducted and hereby enhance competition on electricity.
2015 Partisia’s High Stake Auction tailored for the Norwegian 1800 MHz Spectrum Auction, has been used to trade spectrum rights for a total of NOK 877.983.276 over the course of 7 days and 83 bidding rounds. The auction has been designed, developed and operated in collaboration with Copenhagen Economics since June 2014.
2017 Partisia has entered a collaboration with Tora (now part of London Stock Exchange Group) on developing MPC software for Tora’s applications for the financial markets. Tora is the provider of the industry’s most advanced cloud-based order and execution platform (OEMS) and operator of Crosspoint, a Hong Kong licensed ATS. Every day over three billion dollars of institutional volume is traded through the Tora platform.
2019 Partisia partners play a key role in the Semper Ardens Center – Blockchain and Electronic Markets – financed by the Carlsberg Foundation with DKK 17,2 millions (3,5 years). The center will explore the foundation of a decentralised WEB 3.0 and its use in electronic markets. Using the tools of economics, game theory and cryptography, the center will explore the interplay between public ledger; smart contracts; decentralised applications; and privacy measures by zero-knowledge computation like secure multiparty computation.
2019 Cyberian, a new institutional crypto off exchange liquidity venue, has launched the world’s first trustless venue for trading blocks of digital assets. Partisia has collaborated with Tora about developing the matching market Cyberian since 2017. Jointly, the founders of Cyberian (Tora and Partisia) each have decades of experience developing trading technology and secure multiparty computing solutions.
2023 Partisia designed and developed a new execution framework for scalable DeFi applied by the so-called Uniswap approach to exchanging digital assets. The solution is being used by business partners building on the Partisia Blockchain.
Another pioneering use case
Key Management
2013 Sepior was created as a spinout from Partisia. Together with the former CEO at codesealer Nicolaj Højer Nielsen, Sepior raised 4.2 million DKK from SEED Capital, DTU Symbion and private business angels. Sepior focuses on creating and managing strong cryptographic keys in the cloud – a solution that neither relies on trust in any third party nor on-premise encryption gateways.
2015 Sepior was granted a prestigious SME Instrument Phase 2 grant of 2.3 million EURO under the H2020 program with Partisia as co-beneficiary. Sepior is the main partner and the entire project focuses entirely on turning Sepior and the product Sepior Key Management into a scalable and profitable business.
2016 Ahmet Tuncay replaces Nicolaj Højer as CEO in Sepior. Ahmet is located in California and was CEO of Soonr a Danish and US-based it-company and a secure content management SaaS provider to over 150,000 businesses that were acquired by Autotask.
2018 The Japanese financial services giant SBI Holdings with 23.5 million customers including 4.3 million brokerage accounts, has invested in Sepior and has agreed to licence Sepior’s threshold security solutions for use in their government-approved Virtual Currencies trading platform, to be the world’s first and largest bank-backed cryptocurrency exchange. SBI Holdings is one of the top corporate investors in blockchain companies including Ripple and R3.
2018 Sepior and SBI Group announce joint development of a secure online wallet for Japan’s first bank-backed, government-licensed cryptocurrency exchange – VCTRADE.
2022 Blockdaemon, a leading institutional-grade blockchain infrastructure company, acquired Sepior.
2022 MPC based Key Management was built into the Partisia Blockchain as part of the security model for the BYOC token bridge. This use case is likely the largest MPC cluster in the world with more than 100 nodes involved in the same MPC computation.
2023 MPC based Key Management System (KMS) has become a product based on the Partisia Platform. KMS can replace HSM boxes in large organisations and bring cost efficient key management to any organisation. KMS addresses hybrid cloud usage and facilitates jurisdiction management and regulatory compliance.
A transformative field-of-use
Data Activation
2013 Partisia was granted 2 million DKK as part of the EU FP7 project PRACTICE. PRACTICE is a large-scale European R&D project that brings together 17 universities and it-companies around Privacy-Preserving Computation in the Cloud. Partisia will focus on collaborative systems based on Secure Multiparty Computation such as auctions and benchmarking systems. The Project started in November 2013 and ran for 3 years.
2015 Together with Cybernetica, Partisia has developed a secure survey system within the EU project PRACTICE. The secure multiparty computation based survey system ensures that the submitted answers are kept encrypted at all times. Also, the software architecture has been designed for allowing the very same web service (the survey) to run on two different systems to secure multiparty computation. This use case addressed potential vendor lock-in.
2015 Partisia is one of the partners behind the new project “Big Data by Security” funded by the Danish Industry Foundation with approx. 7,6 million DDK. The project will illustrate how Secure Multiparty Computation can become an infrastructure for sensitive data in a Big Data context. The project focuses on two cases: One on credit rating and one on accessing sensitive data from Danish Statistics in an all-new way.
2017 Partisia has entered a collaboration with Insights Network on constructing a decentralized data broker that empowers the data subjects as data providers. A unique infrastructure with no single point of trust provides transparency by use of Blockchain and privacy by use of Secure Multiparty Computation (MPC). Partisia has designed new MPC protocols that meet the requirements for the decentralized peer-2-peer infrastructure.
2018 Partisia Applications was established as a spinout focusing on privacy-preserving statistics. A prime focus is to offer end-to-end secure data solutions that allow individual persons or companies to control their own data. A prime example is Insights Network, a blockchain based data exchange that allows data subjects to control their own data and profit from sharing their data. Secata provides the core infrastructure that guarantees transparency by use of Blockchain and privacy by use of MPC.
2019 Partisia participated in an event hosted by the Financial Conduct Authority in the UK that brought together banks, regulators and experts in privacy-preserving technologies to explore new ways to fight financial crime. In collaboration with Sedicii, Goldman Sachs, Deloitte and Ex Ante Advisory, Partisia has developed a concept and demonstration software that shows how secure multiparty computation can address financial fraud. The demonstrator utilizes the Partisia Platform to ensure confidential and yet transparent and traceable fraud detection.
2019 Partisia Applications is one of the partners behind the project “Blockchain Data and Privacy” funded by the Danish Industry Foundation with approx. 5 million DKK. The project will show how a combination of so-called zero-knowledge technologies (such as secure multiparty computation) and traditional blockchain technologies provide a better platform for transparent and yet privacy-preserving use of confidential data. The project pivots around a generic infrastructure for public-private data exchange to be built on Partisia Platform and two use cases within healthcare and telemedicine. Partisia works closely together with Data Fair, the Alexandra Institute and the Data for Good Foundation to develop a fully compliant public-private infrastructure for citizen-centric data exchange.
2019 Partisia Application signed an agreement with BOSCH about developing industrial-grade secure multiparty computation protocols. Privacy-preserving data analysis within IoT and not least the automobile industry is instrumental for sustainable growth. This project aims at bringing MPC into the center of this challenge.
2020 The Innovation Fund Denmark has granted DKK 16 millions to bring an MPC based infrastructure for public-private data exchange to the market. The project is a Grand Solution named HedaX, and it focuses on health data and two distinct use cases within cancer and bipolar diseases. The public-private data exchange infrastructure consists of: The Data for Good (DFG) Platform allowing citizens to activate GDPR regulated data and the Virtual Public Register (VPR) Platform allowing combined use of registers using MPC operated and governed by the public registers as data providers.
Partisia Applications is responsible for the software development in HedaX, and the project brings together a long list of partners that are dedicated to realizing the potential:
Data Fair, Data for Good Foundation, The Alexandra Institute, Statistics Denmark, Monsenso, Kræftens Bekæmpelse, Lundbeck, Aarhus Universitet, Region Hovedstaden and DPO Management.
2020 The Innovation Fund Denmark has granted DKK 24,5 millions to further develop the MPC based infrastructure for privacy-preserving use of public-private data initiated by the HedaX Project and establish a sustainable public-private partnership. The project is a Grand Solution named OSCAR (One Stop Shop for Clinical Research) and pivots around a study on precision medicine for cancer and clinical evidence.
Partisia Applications is responsible for the development of the VPR platform and the project brings together a long list of partners that are dedicated to realizing the potential: Rigshospitalet, Amgros, A-evidence, Enversion, Datafair, DPOmanagement and Roche. The project is linked to both the BLOCKDAP project funded by the Danish Industry Foundation as well as HedaX funded by Innovation Fund Denmark with a total combined investment across the three projects is approx. DKK 110 million.
2022 The Data for Good Platform was used for the first time to activate sensitive data from cancer patients in the context of HedaX - a Grand Solution funded by Innovation Fund Denmark.
2022 The Virtual Public Register was used for the first time to run analysis across independent data sources within a sandbox environment.
2023 EU funding was granted to the pre-procurement project CRANE that test services seeking to maximize the potential of data to target a wide-ranging treatment of chronic diseases in the rural areas. Partisia focuses on improving and maturing the Data for Good platform.
2023 EU funding was granted to the pre-procurement project CareMatrix project that test services aiming to improve the way that People with Multimorbidity experience their care in the health sector. Partisia focuses on improving and maturing the Data for Good platform.
The mature infrastructure
Blockchain and MPC
2017 Two applications combining blockchain and MPC were developed in close collaboration with Tora and Insights Network.
2019 The first production ready version of the Partisia Platform was finalised and ready for private deployment. The platform was tested in close collaboration with the first integration customers within market design and data analytics and licensed on commercial terms to Provable Labs.
2020 Partisia co-founded the Partisia Blockchain Foundation created to launch a WEB 3.0 public blockchain built for trust, transparency, privacy and speed of light finalization. The first early contribution of USD 2,6 millions has secured the project a head start.
This project turned the commercial grade Partisia Platform into a global WEB 3.0 public blockchain. In September, the project received a non-rejection letter by FINMA, the Swiss Financial Market Supervisory Authority, and the foundation was launched in October.
2021 Together with Scottish based Better Internet Search (BIS), Partisia has received a grant from the EU-funded Next Generation Internet Trust (NGI Trust) to further develop a privacy-preserving alternative to the mainstream search engine.
The project explored how MPC can personalize search and advertisement without compromising the users’ privacy. The project also tests the latest version of Partisia Blockchain Testnet.
2021 Partisia Blockchain and Partisia join OriginAll in developing a blockchain solution to address counterfeit medicine and tailored healthcare support through a stable coin. The solution combine OriginAll’s existing solution and Partisia Blockchain as foundation for tailored healthcare support using a tailored stable coin and counterfeit assessment of scanned medicine. The project works initially with selected countries through a signed agreement with the African Continental Free Trade Area – a framework agreement with 54 countries or over 1.3 billion people.
2022 Partisia Blockchain was successfully launched on May 31st 2022 with the so-called Token Generation Event. Shortly after, a public sale finalized the initial fundraising and brought the total funds raised to approx. USD 54,2 millions. By the end of June version 3.0 of the entire network was launched and the network and team is now ready to enhance the adoption of the network.
2023 Version 4.0 of the Partisia Blockchain is live and the growing ecosystem includes bridges to Ethereum, Polygon, BNB and dApps within DeFi, advertisement, land registration, humanitarian aid and many more.
Why work with Partisia?
Partisia was founded in 2008 by global pioneers within Multi-Party Computation and advanced cryptography. While our core mission is to integrate Privacy Enhancing Technologies with the aim of improving decision-making and product development, we also pride ourselves on being one of the best in the industry.
We are an innovative software company and a trusted partner empowering companies to operate and compute encrypted data. Providing a platform where data from individuals, governments and private companies are able to stay encrypted and protected, and still fully enabled, creating the perfect balance between transparency and privacy. Choose Partisia and get a partner based on expertise and know-how, but most importantly trust.
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