IoTeX launches confidential computing hardware stack

The latest functionality to join the DePIN stack is written in Rust and will allow developers to compute encrypted data

article-image

Jakub Krechowicz/Shutterstock modified by Blockworks

share

Hardware and chip technology provider ARM Research and Web3 platform IoTeX have brought confidential computing of encrypted data to IoTeX’s DePIN stack.

DePIN, short for decentralized physical infrastructure networks, is designed so that contributors can build out decentralized infrastructure for any individual or company to use in return for financial compensation. 

The latest functionality to join the DePIN stack will be confidential computing, allowing developers to compute encrypted data. This new framework is written in Rust.

Dr. Xinxin Fan, IoTeX co-founder and head of blockchain, told Blockworks that confidential computing is a hardware-backed security and privacy enhancing technology designed specifically for protecting data as it’s in use.

This means that a computation system will be able to derive knowledge from encrypted data without ever revealing what the information inside is. Although there are similarities between confidential computing and zero-knowledge proofs, Fan notes that there are differences. 

“Zero-knowledge technology roots its security in mathematics, whereas confidential computing relies on specific security features of hardware,” Fan said, adding that he believes confidential computing is “much more efficient” than zk proofs. 

Read more: Zero-knowledge proof systems have room for improvement, say cryptography researchers

IoTeX’s indoor security camera, Ucam, will be the first physical proof of concept for this collaboration. Ucam users will not need to expose their private home information to manufacturers. 

This is a step towards both personal privacy and privacy on a larger scale, IoTeX explained in a blog post. Individuals no longer need to give unencrypted data to manufacturers or cloud service providers. Organizations, on the other hand, will be able to collect insights without exposing the private information of their clients through trusted node servers.

Using Ucams as an example, security providers will be able to share insights on home invasions with a security firm without having to show the security firm the actual images of their client’s homes, IoTeX said. 

Read more: ‘Drive-to-earn’ app aims to bootstrap ‘dynamic maps’ with crypto rewards

Another example of this would be Web3 health app Healthblocks. The company has licensed private fitness data and sent them to health researchers for analysis through private computing. This means that these researchers will be able to anonymously analyze data without knowing which client this information belongs to.

“This industry recognized Arm PSA certification establishes a solid security foundation for bringing smart devices to Web3 in a trustworthy manner, further revolutionizing the decentralized IoT industry and giving IoTeX a bigger lead within the Decentralized Physical Infrastructure Networks (DePIN),” Fan said. “It will also significantly challenge the corporations currently monopolizing the industry, such as Amazon, Google and Microsoft, to mention a few.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

🚀 Build What’s Next — Permissionless IV Hackathon Join us June 22–23 in Brooklyn for the Permissionless IV Hackathon — a 36-hour sprint hosted by Cracked Labs and Blockworks where top builders turn ideas into real products. Come to launch, not just […]

recent research

Research Report Templates (10).png

Research

Kamino has evolved into a full-stack asset scaling suite with V2: unlocking new markets, improving capital efficiency, and catering to various risk profiles. We believe it is best positioned to become the credit backbone of Solana as the ecosystem matures. Simply put, KMNO remains our highest-conviction bet in the Solana ecosystem. This report lays out our thesis.

article-image

Bybit’s Byreal, Binance Alpha and Coinbase’s DEX integrations

article-image

This isn’t the worst hack to ever hit Mt. Gox, but it could be the most entertaining

article-image

Crossover’s CEO discusses institutional interest and how over-the-counter (OTC) trading has picked up in crypto

article-image

Sponsored

This collaboration signifies a major leap forward in expanding the reach and utility of Web3 gaming within the vibrant Asian market

article-image

Asymmetric information is threatening crypto the same way it once threatened equities. Disclosure might be the fix.

article-image

Rate cuts drift into Q4 limbo as markets pretend everything’s fine