Throughout this entire process, OTC desks shouldn’t know each other’s bids. If the OTC exchanges are aware of each other’s bids then there is potential for collusion against the user. Secret Actions use Secret Contracts to hide this type of vulnerable data in a neutral and programmatic fashion – creating a neutral program that can be trusted by mutually distrustful and privacy-aware entities. Secret Auctions have the potential to turn into Secret Dark Pools which would be a significant contribution to the DeFi ecosystems of the blockchain domain. PadLock helps artists monetize creative work via the decentralized web. Users can buy or sell access to exclusive content hosted on IPFS and Filecoin. The app will generate unique encryption and decryption keys and store them in the encrypted state of a privacy-preserving smart contract on Secret Network.
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