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

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

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

The convergence of DePIN and energy generation aims to address modern grid challenges by incentivizing distributed generation.

article-image

US states are now competing for Bitcoin bragging rights

article-image

The deal is likely to fuel further M&A around derivatives trading and infrastructure, Architect Partners’ Michael Klena says

article-image

Stripe announced Stablecoin Financial Accounts, which will allow businesses to have “stablecoin-powered accounts”

article-image

The deal is made up of $700 million in cash and 11 million shares of Coinbase’s Class A common stock

article-image

Blockworks Research uses numbers to help crypto advance to a higher stage of storytelling