TEEX, has now partnered with the Ontology, in which both the
firms will now going to work on the data privacy and security client private
vital solutions.
Trusted Execution Environment which is an acronym for TEE is
a type of black box which helps to protect the data and code which cannot be
stolen via any of the external software, not even with any of the privileged
applications.
Apart from that, TEE Also provides up with the functions of
the remote verifications, to verify the users actively and also ensures that
user does not go to get any of the private data at the time of providing with
the adequate proof of work.
With the help of using the layer-2 of TEEX privacy
computation solution on the blockchain of the Ontology both the parties now
going to build up a secure private environment which is of smart contract
execution, security and protecting data privacy at the time of on-chain
computing. Ontology also has a client base of Owallet and ONTO that will also
going to use the TEE to protect the private keys of the user from leaking and
to protect their entire assets.
Dr. Xianping Mao, Dean of the Ontology Research Institute,
said:
“Blockchain is essentially an open system. Anyone can query
blockchain data through the public interface. Smart contracts are the carriers
of blockchain applications, and the security of private data involved in smart
contract needs to be protected. TEEX has a deep understanding of data security
protection technology such as trusted computing. Ontology will explore
blockchain security technologies, such as private smart contracts together with
TEEX, build functional chains with trusted computing capacity under the
Ontology chain network system, and provide users with a blockchain system with
safe and efficient private smart contract execution capabilities”.
