ADVERTISEMENT
TechEconomy
Friday, May 9, 2025
No Result
View All Result
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Blockchain and Confidential Computing | Enabling Secure and Privacy-Preserving Smart Contracts for Enterprise Applications

Blockchain and Confidential Computing | Enabling Secure and Privacy-Preserving Smart Contracts for Enterprise Applications

Techeconomy by Techeconomy
July 15, 2023
in Security
0
Abednego Edet Okon, Senior Software engineer
Abednego Edet Okon, Senior Software engineer

Abednego Edet Okon, Senior Software engineer

RelatedPosts

Sophos warning about Chinese Cars -

Sophos Warns of Risk of Data Theft as Chinese Cars Flood France

May 7, 2025

Nigeria Virtual Privacy Academy: FG to Train Youth on Cybersecurity, Data Governance

May 7, 2025

Abednego Edet, a seasoned Senior software Engineer with five years of experience, has spent his career at the crossroads of enterprise security and blockchain innovation.

His journey is not just about writing code but about rewriting the rules of digital trust. At a point when enterprises are hesitant about blockchain due to privacy and security concerns, he is initiating solutions that make smart contracts not just functional but secure, private, and enterprise set.

Smart contracts, once acclaimed as the future of automation, have a fundamental flaw. They are transparent by design. Every participant in a blockchain network can view the contract’s logic and, in most cases, its data.

This is great for public accountability but terrible for businesses that handle sensitive information. Financial institutions, healthcare providers, and supply chain managers cannot afford to expose proprietary data to all network participants.

Enterprises demand both immutability and confidentiality. Two requirements that have historically been at odds in blockchain environments. Until this very moment.

Abednego Edet Okon’s work discusses extensively confidential computing to connect this gap. Confidential computing is an approach that moves room and computations to occur in a secure, secured environment known as a Trusted Execution Environment (TEE).

These TEEs ensure that sensitive data remains secured, even during processing.

The result? Smart contracts that execute their logic without revealing underlying data to unauthorized entities.

Abednego has been at the centre of integrating confidential computing frameworks, such as Intel SGX and AMD SEV, into blockchain networks.

His methods allow enterprises to deploy smart contracts that process encrypted data without exposing trade secrets, customer records, or proprietary algorithms to other 3 parties on the network.

Breaking Down the Innovation

1. Data Privacy Without Trusting Validators

Conventional smart contract platforms rely on network validators to execute code. But validators see everything.

By using TEEs, Abednego’s model ensures that even validators cannot access private contract data. Only authorized participants with the appropriate keys can decrypt specific outputs.

United BANK

2. End-to-End Encryption for Enterprise Adoption

  • Most blockchain networks encrypt data at rest and in transit but leave it exposed during computation. Abednego’s solution ensures encryption remains intact throughout the lifecycle of a smart contract, making blockchain suitable for industries bound by strict regulatory systems in space.

3. Multi-Party Computation for Collaborative Trust

  • With his architecture, multiple enterprises can engage within a blockchain ecosystem without compromising proprietary information. Financial institutions, for example, can confirm transactions and also carry out reconciliations without disclosing full account details to third parties..

The request for blockchain solutions in enterprises is expanding, but security concerns have kept adoption at bay.

Abednego Edet Okon’s work is setting a new precedent: blockchain does not have to be all-or-nothing when it comes to transparency.

His impact and contribution are helping enterprises embrace blockchain without compromising on privacy.

His recent implementations have already demonstrated success in supply chain security, healthcare data sharing, and inter-bank settlement systems.

By making confidential computing a standard impact of blockchain architectures, he is ensuring that privacy and decentralization are no longer opposing forces but complementary ones.

The next step? Scaling these innovations to more enterprise-grade blockchain frameworks. Abednego is currently working on refining privacy-preserving consensus mechanisms and expanding confidential smart contract capabilities to multi-chain ecosystems.

His work is not just about solving today’s problems; it’s about future-proofing blockchain for the next wave of enterprise adoption.

Blockchain was never meant to be a trade-off between security and transparency. As a result of the Abednego Okon Edet impact, enterprises no longer have to decide.

Loading

United BANK

0Shares

Tags: Abednego Edet Okonblockchainfinancial institutions
Previous Post

How Airtel Celebrates Creative Brilliance

Next Post

NITRA Explains why Tinubu Should Appoint Technocrat as FMoCDE Minister

Techeconomy

Techeconomy

Related Posts

Sophos warning about Chinese Cars -
Security

Sophos Warns of Risk of Data Theft as Chinese Cars Flood France

by Joan Aimuengheuwa
May 7, 2025
0

The recent success of the Shanghai Motor Show is a strong indicator of the growth of the Chinese automotive sector,...

Read more
FG Launches Data Privacy Academy

Nigeria Virtual Privacy Academy: FG to Train Youth on Cybersecurity, Data Governance

May 7, 2025
Future of multi-cloud by Samson Aligba -

Securing the Future of AI Integration: Why an Enterprise-Grade Model Context Protocol Framework is Crucial

May 5, 2025
AI-Powered Cybercrime

Check Point: Exposing the Rise of AI-Powered Cybercrime, Defenses

May 5, 2025
World Passwords Day

Is it Time to Goodbye to Passwords?

May 2, 2025
UK-Nigeria fraud prevention agreement

UK-Nigeria Partnership Strengthened to Detect, Disrupt and Deter Fraud

May 2, 2025
Next Post
NITRA and TInubu

NITRA Explains why Tinubu Should Appoint Technocrat as FMoCDE Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

CYBERSECURITY ESSENTIALS
byTecheconomy

BUILDING STRONGER NETWORKS AND COMMUNITIES

CYBERSECURITY ESSENTIALS
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Filmmaking and Technology: A chat with Micheal Chineme Ike
June 7, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz
uba

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.