# Oasis Network: Growing a Responsible Data Economy with Privacy

By [blockk.eth](https://paragraph.com/@blockk) · 2022-09-13

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*   The [Oasis Network](https://oasisprotocol.org/?utm_source=messari&utm_medium=article&utm_campaign=messari-report-mar22) is designed to be a privacy-focused, scalable, Proof-of-Stake (PoS) Layer-1 smart contract platform that is Ethereum Virtual Machine (EVM) compatible.
    
*   The network's value proposition is its multi-layer modular architecture that enables the scalability and flexibility to deploy low-cost privacy-focused smart contracts.
    
*   Given the size of the Layer-1 smart contract economy, there is a significant opportunity for the network to accrue value.
    
*   The launch of the [Emerald ParaTime](https://medium.com/oasis-protocol-project/oasis-emerald-paratime-sees-rapid-growth-in-less-than-3-months-b98fa86a0394) and the resulting launch of DeFi applications sparked noticeable network activity at the beginning of 2022.
    
*   Launching the [Cipher ParaTime](https://medium.com/oasis-protocol-project/introducing-the-cipher-paratime-a88bd8c01071) in Q2 2022 is anticipated to bring Oasis Network's confidential smart contracts into existence and drive new use cases within DeFi.
    
*   The [Parcel ParaTime](https://www.oasislabs.com/) is a set of privacy-first, data governance APIs designed to give users better control of their data and enable developers to deploy an isolated compute environment for privacy-preserving analysis.
    
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*Originally published on [blockk.eth](https://paragraph.com/@blockk/oasis-network-growing-a-responsible-data-economy-with-privacy)*