Secure Multi-Party Computation

Definition ∞ Secure Multi-Party Computation (SMC) is a cryptographic protocol that allows multiple parties to jointly compute a function over their private inputs without revealing those inputs to each other. This technology ensures data privacy while enabling collaborative data processing or decision-making. SMC protects sensitive information by distributing computation across several participants. It offers a powerful tool for privacy-preserving operations in decentralized environments.
Context ∞ SMC is gaining significant attention in the blockchain space as a solution for enhancing privacy and trust in decentralized applications. News reports may discuss its application in confidential transactions, private voting systems, or cross-chain interoperability where sensitive data must remain hidden. The adoption of SMC protocols addresses key privacy concerns and expands the potential for secure collaborative endeavors within the digital asset ecosystem.