I was baffled when I first learned about the Blockchain technology and its operations. The complexity and the accuracy of the network fascinated me so much that I desired to learn more and take advantage of the numerous possibilities on the Blockchain.

Decentralization is a great feat made possible through the Blockchain; the ability for various nodes from different geographic locations to confirm transactions and produce blocks.

Cryptocurrency which is a big force in the financial world today and gaining great momentum and attracting more adoption from various people all around the world is made possible through the Blockchain.

The Blockchain is known for its immutable nature which preserves and protect any ledger recorded on it not to be altered or tampered with. This has greatly enhance more productivity in the financial technology and management and has been able to curb some level of fraudulent activities where Blockchain is used as a platform to store ledgers.

Besides, the Blockchain has made difference with its transparency. Every information saved on the Blockchain is visible for all to see and every transaction is made available by the Blockchain for traceability. The accuracy of the Blockchain is another feature that makes it innovative and outstanding.

Nevertheless, one thing that is constant in life is change! As great as the Blockchain technology is, there are still some areas that need changes and improvements for more robust operations and efficiency. Some of these areas are scalability, verifiability and privacy.

PlatON

The good news is that, there is a platform that has come with practical solution to the problem of scalability, verifiability and privacy on the Blockchain using Verifiable Computation (VC). The name of the platform is known as PlatON.

PlatON is a high-efficiency trustless computing network that solves privacy and scalability problem for decentralized network with privacy-preserving computation & verifiable computation.

Verifiable Computation
On a general scale, Blockchain functions with an algorithm that allows confirmation of transactions from various nodes irrespective of the locations. In this case, the more the nodes participate in the computation of a particular transaction, the more the confidence bestowed on the accuracy of the result. But as the level of adoption of Blockchain has grown broader and wider and many nodes are running across the globe, there is need for a verifiable computation that will be able to handle more transactions with accuracy. Therefore, Verifiable computation would be used by PlatON as a scheme that enables verifiers to confirm the correctness of particular results computed by an untrusted cloud provider with great accuracy.

Scalability

Scalability would be ensured through verifiable computation as more transactions would be handled be the Blockchain that makes use of it and take the advantage of accuracy that it provides. The usage of the Blockchain is advancing more than ever before, the future of financial technology (Fintech) lies in the Blockchain, therefore, there must be allowance for more accuracy computation to enable more people adopt the Blockchain. PlatON will leverage on Circuit base parallel computation to enhance scalability in trustless computating.

Verifiability
The integrity of a particular computed result is in its verifiability. Computed results must be verifiable and the way to achieve that is what has been provided by PlatON whose aim is to provide full stack infrastructure for decentralized applications and help connect Blockchain for improved results of trustless computation through Zero Knowledge Proof (ZKP) and Verifiable Computation (VC).

With the help of PlatON, verifiability is attainable and increase the confidence placed of computed results, thereby enhancing the efficiency of the Blockchain and bringing many more into adoption of its usage.

Privacy
One of the things that has been a major need on the Blockchain is privacy. Parts of the aims of decentralization is privacy but the achievement of it has been very far from reality since the inception of the Blockchain. There are very few blockchains where privacy of data is obtained but not in totality.
One of the outstanding features of the Blockchain is transparency which makes available every ledger stored on the Blockchain and ensures their traceability.

Transparency feature to a large extent has comprised people's privacy and leave every users with no option than to expose every transactions. It is discovered that the traceability of every transaction to users is not advisable for security and privacy reason. But this will become things of the past as PlatON will leverage a technology known as Secure Multi-party Computation (MPC) and Homomorphic Encryption (HE) to solve the problem of privacy and bring absolute privacy to trustless computing.

I believe that a landmark difference would be made on the Blockchain through Verifiable computation which bring about scalability, verifiability and privacy of trustless computing provided by PlatON. 

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BountyOx Username: Petoz

A sponsored article written for a bounty reward.