Acronis, a global leader in cyber protection, announces today that it has joined the MPC Alliance, a global association with the mission of improving data security through the implementation of the secure cryptographic technology of multi-party computation.
MPC is a mathematical approach to digital security, reducing the dependency on third parties to maintain the privacy of our digital footprints, which have grown in value and are vulnerable to misuse.
MPC is a subfield of cryptography, allowing multiple parties to compute an output using their private data without disclosing their data to any third party, and is capable of doing so while guaranteeing the correctness of the output even if some data becomes corrupt.
Acronis has adopted MPC technology as it develops cyber protection solutions that address safety, accessibility, authenticity, and security challenges. Acronis services are trusted by 5.5 million individuals and companies worldwide.
Amongst a range of MPC research initiatives, Acronis is working with Singapore’s Nanyang Technological University to create encryption and secure data management technologies to enable a secure MPC platform for business-to-business transactions, ensuring data can be shared between multiple untrusted parties while keeping shared data private.
Acronis Technology President and co-founder Stanislav Protassov concludes: “Multi-party computation is of interest to Acronis into which we have devoted research resources. Implementing MPC technology in our cyber protection solutions is essential to apply a trusted third party that receives the input and confidentially computes the result, not revealling any data.”