Boston, MA – June 29, 2022 – Moonbeam, the top destination for multi-chain applications on Polkadot, has announced Moonriver’s cross-chain integration with Integritee via XCM, Polkadot’s native cross-chain integration technology. Each parachain’s native assets can now be used on the other parachain without need of a traditional bridge. Once deposited on Moonriver as xcTEER, Integritee’s token can be used across Moonriver’s active DeFi ecosystem; MOVR can also be used to support Integritee’s private data processing environments. This step lays the foundation for future interoperability use cases that leverage multi-chain access to Integritee’s trust oracle and privacy on Moonriver.
Integritee uses the Polkadot Relay Chain as a security layer while leveraging hardware-based trusted execution environments (TEE) to enable confidential data processing. Integritee’s “TEEarcle” data oracles can connect with any Web2 or Web3 data stores in a decentralized manner for higher security, with the same efficiency as a centralized server.
Following this Moonriver integration, Integritee will be able to develop their TEEarcle concept further, potentially opening up a wider range of use cases for processing data fully confidentially via access to Integritee’s side chain TEE processing. As more enterprises adopt Web3 technologies, access to Integritee solutions from Moonriver’s multi-chain smart contracts will offer a broad reach for companies that require access to a secure TEE environment.
As Moonbeam continues to build out cross-chain connectivity to services provided by specialized blockchains, Moonbeam developers will be able to incorporate services based Integritee’s confidential data processing into their applications
About the Moonbeam Network
Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.
Integritee is the most scalable, privacy-enabling network with a Parachain on Kusama. Our SDK solution combines the security and trust of Polkadot, the scalability of second-layer Sidechains, and the confidentiality of Trusted Execution Environments (TEE), a special-purpose hardware based on Intel Software Guard Extensions (SGX) technology inside which computations run securely, confidentially, and verifiably. For more information, click here: Integritee – Unchain the value of sensitive data