Phala Network Expands Strategic Partnership with Patract Labs
We are excited to announce: Phala has expanded its strategic partnership with Patract Labs, the Wasm smart contract open platform for Polkadot. Together, we’ll work to implement Wasm confidential contracts in the Polkadot ecosystem.
In addition, Phala will join the Patract Open Platform and contribute to the development of Wasm contract technology alongside dozens of other platform members.
Phala will work to promote Wasm contracts as the main conduit for confidential contracts. We will introduce Patract’s development tool, Redspot, to developers to drive more effective and user-friendly development, testing, and implementation of contracts. We have already demonstrated the product-level usability of Ink! in functional testing in our ongoing development. Phala will formally support the Ink! smart contract language and will soon migrate its native smart contract to Ink!
After launching the mainnet, Phala Network will develop tutorials and documents for Wasm smart contracts and organize hackathons to promote usability, with a focus on the confidential smart contract space.
About Patract Labs
Patract Labs is providing solutions for the development of Parachains and DApps in the Wasm smart contract ecosystem of Polkadot. We help the community to design and develop on-chain contract modules and Runtime support, and provide DApp developers with full-stack tools and services support, covering development, testing, debugging , deployment, monitoring, data provider, and front-end development stages.
Phala Network tackles the issue of trust in the computation cloud.
This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.
On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.