Secure multi-party computation (also known as multi-party computation (MPC), or privacy-preserving computation) is a subfield of cryptography with the goal of creating methods for parties to jointly compute a function over their inputs while keeping those inputs private. It can be applied in quite a number of scenarios where security and shared governance are needed. In IOTA ecosystem, MPC platform will be used in bridging, custody, oracle and more utilities have yet to be unlocked. WHAT IS MPC ?
USE CASES OF IOTA MPC BRIDGE
Assets like IOTA, ETH, and BTC can be “bridged” onto Shimmer EVM or other chains. IOTA on Shimmer EVM can be used to swap and generate yield with DeFi innovations.
Oracle can be used to generate a more trustworthy price feed from more sources and it will be essential for lending and leverage-trading protocols.
The custody function can be applied to VCs and PEs to manage their crypto assets. It can also be applied to custody tokens or NFTs with a decentralized method.