ARPA Price today

ARPA Chain (ARPA) is a two-layer solution computing network based on blockchain technology. It is designed to allow users to share and use data without disclosing the raw data. ARPA Chain’s Multi-Party Computation technology enables multiple parties to extract and analyze data while ensuring the data source remains secure and private.

ARPA Chain was officially launched in 2019 and developed by a global team of researchers and business developers with extensive expertise working at technological businesses such as Google, UbE, Amazon, etc. According to the project’s development team, the goal of ARPA Chain is to become a platform that allows sharing, renting data, and separating ownership from data utility while ensuring the highest level of security and privacy.

ARPA Chain enables financial institutions to combat credit fraud in the financial technology and insurance sectors. In digital advertising, advertisers can use ARPA Chain’s technology to target the right audience based on user behavior without breaching their privacy. ARPA Chain also provides a personal data wallet that allows users to manage data at their leisure by authorizing service providers’ cryptographic information. In addition, ARPA Chain supports a variety of other sectors, including artificial intelligence, healthcare, and others.

ARPA Chain token (ARPA) is a utility token for the ARPA network that runs on the Ethereum blockchain and adheres to ERC20 standards. It serves the following functions:

• Pay MPC computing participants.
• Pay cost per use of data by MPC computing.
• Pay staking rewards to users.
• Participate in the governance process and vote on how ARPA’s features and parameters are changed.