Founded in April 2018, ARPA aims to separate data usage from ownership, thereby offering data rental opportunities. ARPA’s MPC protocol allows multiple institutions to perform joint analyses on data while keeping their data confidential and secure, enabling them to benefit from data synergies. MPC (Multi-Party Computation) is a blockchain-based Layer 2 solution.
Developers can create privacy-preserving dApps on blockchains that are compatible with ARPA. Use cases include preventing credit fraud, secure data wallets, sensitive marketing, joint artificial intelligence model training, and key management systems. For example, banks benefiting from the ARPA network can share credit blacklists with each other for risk management without disclosing customer data or privacy.
Additionally, ARPA has partnerships with organizations and technology companies such as IEEE Standard Association, ISO, JD.com, Sinochem Group, CAICT, Elrond, and Chainlink.
On the other hand, ARPA initially plans to focus on business development and community building in Asia and Europe. As the project gains popularity, the focus on community growth will gradually expand to other markets.
At the time of writing this article, according to CoinMarketCap data, ARPA Chain Coin, ranked 102nd in market value, is trading at 2.69 USD with a trading volume of 189,420,809 USD. Additionally, there are currently 72,164,169 ARPA Chain Coins in circulation, and this number is expected to reach a maximum of 1,500,000,000 ARPA Coins.