Phala Network is an innovative decentralized cloud computing platform that prioritizes security and privacy for smart contract execution. By integrating blockchain technology with Trusted Execution Environments (TEEs), it ensures both data integrity and confidentiality, creating a secure framework for digital transactions. The platform empowers developers to create and deploy intelligent applications, termed AI Agents, which can interact safely with smart contracts. Its scalable and interoperable design supports a diverse array of applications, catering to the needs of both small businesses and large enterprises. With a focus on providing privacy-preserving solutions, Phala Network stands out as a robust platform for crafting secure and intelligent digital ecosystems.