Early this year, a team of investors, data privacy professionals and Blockchain developers came together to create a lasting solution to data security issues.





This solution is Covalent. Covalent is a model for an internet of Smart Data that remembers, keeps a secret, learns from its users. Covalent is designed as a protocol where anyone can monetize and utilize data in a reliable, secure and efficient way without any party ever gaining direct access to the data itself. Privacy of computation guarantees security for data providers, while proof of computation ensures model output results are verified and reliable for data consumers. Most importantly, Data is used without a compromising privacy.





Data is said to be the gold of this decade. It gives an idea and information about industries and could be harmful when in the wrong hands. Most people see Data as personal information shared on the internet, but COVA offers much more. Take a look at these scenarios, Law firms are looking out for a platform to monitor the originality and proper usage of personal data provided by clients. Business firms and companies would require such a tool to share, buy or sell for example, sensitive medical data, to advance their research withoit breaching human rights of their customers. That same way, music, screenplay writers, Blockchain devs or other artists want their intellectual property rights to be respected even when access to these information has been given. These and more that I’m limited to mention here makes Covalent smart internet Protocol, one of a few Blockchain-Based project with a huge Audience, who can’t wait to hop on Covalent data privacy model.

Cova protocol is said to be the internet protocol of the future, But what features does Covalent team offer on Covalent Internet Protocol? Let’s find out.

1. Covalent Virtual Machine (CVM) The Covalent Virtual Machine (CVM) would depend on Trusted Execution Environment (TEE), to make large-scale computation compatible with smart contracts. Unlike, Ethereum Virtual Machine, CVM supports and solves larger computing problems. CVM calculations are off-chain transactions and is performed with a single network node, all other nodes only need to verify their computational evidence. Computational testing saves time compared to self-calculating based on network nodes, thereby it enables computing with large scale through intelligent contracts.

2. Covalent Data Marketplace Data is the new oil. And demand for data keep rising since it makes companies smarter in design of consumer products. scientists needs to use patients medical data and information to do a research to provide targeted medical treatments. Other interested industries are the financial service, engineering, retail, marketing and all what not. This Data Marketplace allows data owners to choose between different methods for data sharing, including streaming, licensing and bartering schemes. Data consumers will include data aggregators, model trainers and other owners seeking more data. Data Owners must encrypt a dataset which gives Traceable ownership and ensures data owners are compensated at every stage of the distribution and data usage process. To make this simple, Data Marketplace consists of three types of participants:

1. Data Owners, known as ‘DO’ provide their personal data, and after creating a dataset are placed on a pay-per-use basis.

2. Model Trainers, MT, who design models on how datasets are acquired via the marketplace and used without seeing the data.

3. SGX Host Miners, SHM, they have no access to data from DOs or model from MTs but play the role of facilitating transactions through verification of privacy and proof of computation.

3. COVA:// ; Covalent plans to create a secure communication protocol encrypted using TEE. This protocol would be more secure than the popular https:// as these data contents are not accessible to any network participants, even Miners themselves. These would drive the interest in Covalent protocol project.

These are just three of a few features covalent protocol would offer for a start. Certainly, there’s more to the internet first secure protocol with preference to data as an asset. Covalent public testnet out and available to everyone, I expect more exciting announcements from the team at the break of the new year.





COVA is the token of Covalent protocol. It’s trading on BitMax.io and Huobi.com





In conclusion, there’s a lot more to the Internet than just what it offers presently, Covalent offers a smarter internet using data with privacy access from data owners.

