IGC Secret Network

Secret Network is the first mainnet blockchain with privacy-preserving smart contracts, launched in 2020. This makes it possible to build apps that are decentralized and permissionless—yet private.

• Privacy-preserving smart contracts
• Encrypted inputs, outputs, and state by default
• Transparent underlying ledger; completely auditable

Why we need privacy

Ethereum’s big innovation was to put smart contracts on the blockchain: pieces of code that execute automatically once pre-set conditions are met. This made it possible to not only create decentralized payment systems like Bitcoin, but also decentralized applications.

However, most blockchains are public by default . All transactions and smart contract interactions can be looked up by anyone. And for some applications and use cases, this isn’t an option. Like when sharing sensitive health data with your doctor, or financial details with your accountant.