Fairblock develops solutions to enhance confidentiality in decentralized finance, aiming to create safe and reliable conditions for trading and interactions without manipulation.
Problem Context: The Need for Confidentiality
Public blockchains ensure transparency of all transactions, which can both foster auditability and expose opportunities for market manipulation. One visible consequence of this design is manipulative order flow, where actions like frontrunning become commonplace. Fairblock's founder Peyman Momeni notes that transparency leads to 'a market skewed to favor those with financial knowledge or development experience.'
Fairblock's Approach to Enhancing Confidentiality
Fairblock asserts that confidentiality is not merely an ideological concern but a practical necessity for eliminating manipulation in decentralized markets. By integrating confidential computing techniques, users will be able to protect their data and interactions.
Flagship Applications of Fairblock and Their Future Significance
The Fairblock platform allows for the creation of various applications that were previously impractical due to transparency and manipulation issues. Among the developed applications are lending prototypes and games, which have already processed over one million transactions on the test net.
Fairblock aims to set a new standard in confidential computing for decentralized finance and other applications, ensuring security and fairness in market interactions.
