Partisia serves up MOCCA at Davos
PARTISIA Blockchain has revealed its new MOCCA (MPC On-Chain Custody Advanced solution) product at the World Economic Forum in Davos.
A fully programmable multichain custody solution, MOCCA is designed to redefine the landscape of securing digital assets and ease custodial management.
Partisia bosses say the product's decentralised and enhanced programmability through smart contracts, blockchain agnostic multichain functionality, advanced security and compliance, and configurable privacy give it the edge over existing custody solutions.
“MOCCA solution marks a significant milestone in the evolution of decentralised custody; it addresses the current limitations of traditional smart contracts and centralisation," said Peter Frandsen, Partisia's Chief Technology Officer.
"MOCCA empowers institutions and organisations with genuine decentralisation, advanced programmability and the flexibility to secure digital assets across multiple chains. Backed by our decades-long expertise in multiparty computation (MPC), this product is our commitment to delivering cutting-edge solutions that redefine the standards of security, compliance, and innovation in the blockchain space.”
The fully programmable nature of MOCCA’s custody smart contracts enable policies such as the addition or removal of signers, modification of threshold signature schemes and voting powers, integration of NFTs with special permissions, implementation of specific rules for transaction categories and much more.
Users can choose to bridge assets to Partisia Blockchain or secure assets on their preferred blockchains. Deployment is swift and cost-effective, directly on-chain, with customisable templates and tools. The MOCCA solution is designed to be blockchain agnostic, relying on MPC technology independent of protocol support.
Partisia claims MOCCA's advanced features - such as off-chain signing and key decentralisation - contribute to safeguarding substantial funds against potential threats. Public blockchains enable automatic key rotation and adjustable transparency levels, ensuring robust protection against attacks.
MOCCA deploys on public blockchains where its code and state are visible. However, key shards are exclusively generated and stored by users or MPC clusters, and then submitted to the decentralised MPC protocol. This allows participants to engage in governance and sign transactions directly on-chain.
