Complex sentence: Another important application of commitments is in verifiable secret sharing, a critical building block of secure multiparty computationscheme, each of several parties receive "shares" of a value that is meant to be hidden from everyone.
Split into simpler sentences: Another important application of commitments is in verifiable secret sharing, a critical building block of secure multiparty computation. In a secret sharing scheme, each of several parties receive "shares" of a value that is meant to be hidden from everyone.