Hassan Maishera
On Thursday, the Secret Network announced via X that it has partnered with PardnaFi, a community-finance infrastructure platform digitising traditional ROSCAs, known across different communities as Pardna, Susu, Stokvel, Ajo, and Committee.
Through this collaboration, PardnaFi is integrating SecretVM to explore privacy-preserving partner APIs, confidential orchestration workflows, and secure community-finance infrastructure for digital savings circles.
PardnaFi is building a secure, non-custodial infrastructure that allows partner organisations to embed savings-circle functionality directly into their own products.
By integrating with SecretVM, PardnaFi is exploring how confidential computing can support sensitive community-finance workflows without exposing unnecessary participant data.
Secret Network is an interoperable blockchain infrastructure that aims to enable computational privacy for general-purpose smart contracts. Secret Network is a layer-1 blockchain built on Cosmos, which uses TEE technology to ensure all input, output, and state are encrypted by default. This hardware approach is the fastest and most efficient form of confidential computing. Its smart contracts are called Secret Contracts and allow decentralized applications to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts are private by default.
Additionally, Secret Network has launched the Secret AI SDK, which uses TEE-enabled GPU hardware, integrated with the L1 blockchain, unlocking privacy-preserving decentralized AI. Secret AI allows for end-to-end encrypted LLM models and AI agents, unlocking private chatbots, DeFAI agents, proprietary AI business models, and more.
Through interoperability via Cosmos Inter Blockchain Communications standard and further integrations of Secret’s Confidential Computing Layer, it unlocks privacy-preserving smart contracts for public blockchains, including Ethereum, major EVM networks, and Solana. Making Secret Network the confidential computing hub of web3 and AI. SCRT is trading at $0.05943, up 1% in the last 24 hours.
