Obscuro

TEEs – Privacy

Obscuro leverages hardware-based Trusted Execution Environments (TEEs) for encrypting the ledger. It is built on Intel’s SGX technology and is designed to confidentially deliver guarantees with certainty over the code running. Essentially, it allows for smart contracts, decentralization, scalability, and privacy in a way other privacy techniques can not provide.

Proof of Block Inclusion Protocol (POBI) – Confidential Roll-Ups
While Ethereum nodes process the winner from the previous round, a new one begins. Aggregators process transactions submitted by users. They then take the Merkle proof of block inclusion (POBI) and feed it to their TEE. Through that, each TEE replies with a random nonce. The aggregator with the lowest nonce wins the round, and the rollup is published to an Ethereum block.

$OBX – Utility token on the Obscuro chain

• Total Supply: 1,000,000,000 | Seed supply: 90,000,000
• Use Cases: Incentives and rewards for node operators, fee payments, vote on proposals for changes, incentives for the ongoing development (e.g., grants)

The fully doxxed core team, consisting of 9 full-time team members. Most of them come from a company called R3. R3 is a corporation making use of DLT to build applications while also building a confidential computing development platform for regulated industries where trust is critical. Companies using their services include Bank of America, Morgan Stanley, Wells Fargo, ING, NASDAQ, Credit Suisse, and many more.

• James Carlyle (CEO)
  Chief Information Officer and Chief Engineer at R3, Chief Engineer for Personal and Corporate Banking Architecture at Barclays Bank
• Tudor Malene (CTO)
  Senior/Lead Engineer at R3, filed a patent for a notary system for a distributed ledger while working for R3
• Gavin Thomas (COO)
  Head of PMO and Engineering COO at R3
  
• Mike Ward (Head of Strategy)
  Head of Product at R3, Product Business Group Lead and Senior Product Manager at Microsoft

$2.5M (Pre-Seed Round): Incubated by R3