Recently, Points Technology, a blockchain and AI startup announced 
multi-million US dollar worth Series A financing. The investment was made by K2 
Venture Partners, a leading venture capital firm in China. Points technology 
will use the newly injected capital for continuous product research and 
development and further commercialization. 

Founded in 2017, Points Technology provides a high performance and configurable 
blockchain-based confidential computing framework. The platform enables 
governments, financial service firms and Internet companies to jointly develop 
machine learning model and perform analysis without exposing the original data 
to each other. Meanwhile, the platform leverages blockchain for data 
traceability and audits. Points Technology is a leader in the field of DLT & 
private AI with product deployment with a number of major financial 
institutions. The company also serves as a core member in global and national 
technical standard committees. In July 2019, Points Technology won the 
"Technology Pioneer Award" from the World Economic Forum, which was previously 
awarded to Google, Wikipedia, Palantir and Ripple back in their startup days.

Sarah Zhang, founder and CEO of Points Technology, points out that how to break 
the data silos and help data owners to reach full potential of data under the 
premise of protecting data privacy become a new problem to solve in digital 
economy era. Currently, Points Technology assists different data owners to 
share data and models without exposing raw data to each other. 

Points Confidential Computing is based on Trusted Execution Environment and 
other encryption technologies. By running joint computing in the chip-based 
trusted execution environment, the framework makes data usable but not visible 
to any party involved. This greatly improves data privacy, security and 
compliance. At the same time, the history and records of data sharing are 
documented by blockchain.

In terms of use cases, large financial institutions can maximize data value 
without exposing original data. This framework can manage multiple data sources 
both inside and outside the bank in an open banking scenario. Points Technology 
helps large financial institutions build data collaboration alliance and 
integrate multiple data sources such as tax, logistics, and more. The data 
usage log can be traced and audited, while the data and model resources are 
protected by encryption algorithm and secure computing environment in the whole 
process. 




SOURCE: Points Technology