Cloud blockchain startup focused on privacy, performance
Oasis Labs is designing a platform to overcome performance, security, and privacy limitations that it says have hampered blockchain adoption to date. The company’s platform is offered as bringing privacy and security protections previously not possible on a blockchain.
In addition, the platform is designed to deliver processing capabilities that have orders of magnitude greater performance than existing systems, even for complex applications. This combination, says the company, enables sophisticated, computationally-intensive and privacy-sensitive services such as machine learning on the blockchain.
“Blockchains are poised to revolutionize much of the way we live, but many developers and organizations have understandable concerns about performance and privacy limitations that are currently hindering their ability to embrace the technology,” says Dr. Dawn Song, CEO of Oasis Labs. “The Oasis platform aims to help users leverage and reclaim control over their data, and at the same time deliver superior performance and privacy capabilities. Our goal is to build the scalable and secure decentralized internet that puts users first.”
Investors in the company include a16zcrypto, Accel, Binance, DCVC (Data Collective), Electric Capital, Foundation Capital, Metastable, Pantera, Polychain, and more, representing a wide spectrum of the blockchain ecosystem including venture capital, crypto funds, and hardware manufacturers.
“Today’s internet is experiencing significant growing pains when it comes to providing effective security and privacy protections, which is only compounded by the rise of data-intensive services like AI,” says Jake Flomenberg, partner at Accel. “At the same time, however, the opportunity has never been greater to responsibly leverage data in the web’s next phase of products and innovation. Oasis Labs is forging a new path by giving people control over their data while delivering a high-performance blockchain platform that will reshape the future of the cloud.”
The Oasis Labs team includes leading experts in privacy, security, distributed systems, blockchain, AI, and machine learning. Interested developers can apply for access to the company’s private testnet at https://www.oasislabs.com/developers.
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