BitWell and PlatON Enter into Strategic Partnership for Data Privacy Security and On-Chain Smart Contract R&D

BitWell now has a strategic partnership with PlatON, a privacy-preserving AI network. The two parties will focus on system security, distributed ledger, data privacy, community users and other areas of all-round cooperation, aiming to effectively protect user privacy data and create a more secure digital asset platform. 

In response to this cooperation, BitWell officials said that the data privacy and security of users and platforms has always been a primary concern for BitWell. In recent years, the contradiction between data sharing and privacy protection in the digital asset field has become increasingly prominent, and users and platforms have increasingly strong demands for data privacy. This cooperation with PlatON will effectively utilize PlatON’s efficient and secure consensus algorithm, flexible operation management, multi-development language support and other technical advantages and product features to further strengthen the platform’s data privacy protection and enhance the data security of the platform and users.

In the future, both parties will work together to further cooperate on on-chain smart contracts and full-cycle data security, using PlatON’s enterprise-level management system, enterprise deployment and operation and maintenance toolset and other innovative technologies to synchronize the key business information of underlying assets on the chain; using cryptography technology to realize rights holders to hold and confirm assets, and continuously strengthen the security and data privacy of the platform’s decentralized on-chain financial products. privacy.

BitWell will also bring PlatON’s native Tokens to community users afterwards, including but not limited to mining through WELL Pool liquidity, as well as online Token (LAT) spot trading and other ways.

For this cooperation, PlatON said that in the context of the digital economy wave, it will work with BitWell to promote theoretical research and product development in the fields of data privacy security, distributed ledgers, and on-chain smart contracts, to provide more efficient and secure integrated solutions, and to jointly build a more open and fairer world of cryptographic finance.

About PlatON

PlatON was initiated and promoted by the LatticeX Foundation. Based on the basic properties of the blockchain and supported by a privacy-preserving computing network, PlatON provides the next-generation Internet basic protocol featuring “computing interoperability”. It builds a computing system jointly assembled by cryptographic algorithms such as verifiable computing, secure multi-party computing, zero-knowledge proof, homomorphic encryption, and blockchain technology to provide public infrastructure under an open-source architecture for global artificial intelligence, distributed application developers, data providers as well as various institutions, communities, and individuals with computing needs.