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Decentralized TEE Network COVA Migrates to Binance Chain

COVA, a decentralized Trusted Execution Environment network, will migrate its tokenized privacy-preserving ecosystem to Binance Chain.

The Singaporean firm announced via medium that it will convert some of its uncirculated ERC-20 token to the BEP-2 format as part of the integration process.

Afterwards, COVA will work to get its token listed and traded on Binance DEX, which is a decentralized exchange platform built on top of Binance Chain.

The integration will additionally allow COVA to extend the reach of its privacy protection services, which is its main line of work as governments worldwide have started becoming strict with privacy protection since the implementation of the EU General Data Protection Regulation in 2018.

“Instead of centralized servers which claim data will be safely computed and stored, COVA democratizes the policy-making process, making users’ preference the most important rule for internet service providers to abide by when processing data,” COVA co-founder Vincent Li said.

Li added that COVA’s TEE network possesses various features such as full support of Python and the entire scientific computing stack of Python, high scalability of TEE network, and data scientist/developer-friendliness.

Monica Monica

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