Phala Network is a blockchain project designed to provide secure and confidential smart contract solutions by leveraging trusted execution environments (TEEs). Originating as a Substrate-based blockchain in the Polkadot ecosystem, Phala Network aims to establish a reliable decentralised computing landscape that prioritises data privacy. Its unique architecture enables confidential data processing without compromising performance or scalability, filling the gap in blockchain privacy. Phala Network enables developers to build privacy-preserving applications, offering an assortment of programming languages to cater to diverse use cases. Key features include the dual-token system comprising PHA, its native utility token, and Fiat-theory tokens for aligning incentives among participants. By ensuring data confidentiality, Phala empowers sectors needing secure computation along the value chain, making it a significant player in privacy-centric blockchain solutions.