🔊🔊$NIL
The great mission of the Nillion ($NIL) project is to create the world's first "Blind Computer" for humanity.
In simple terms, Nillion aims to build an infrastructure where sensitive data can be stored and processed digitally without ever being "seen" or accessed by anyone—including service providers or the machines processing it.
Here are the details of their great mission and vision:
1. Eliminating the Privacy vs Usability Dilemma
Until now, if we wanted to use data (like AI needing our medical data), we had to provide access/decryption of that data, which means our privacy is lost. Nillion is here to ensure we can benefit from data without having to expose its contents.
2. Building "Decentralized Trust" for Data
If Bitcoin decentralizes transactions and Ethereum decentralizes computation, then Nillion aims to decentralize trust in sensitive data. They want to be the "layer zero" that secures privacy for the entire Web3 and Web2 ecosystem.
3. "Blind Computation" Technology
This mission is driven by advanced technology called Secure Multi-Party Computation (SMPC).
How it works: Your data is broken into small unreadable pieces and then distributed across the entire network of nodes.
Analogy: Imagine you give pieces of a puzzle to 10 different people. No one person knows the complete picture, but they can collectively help you solve the puzzle without ever seeing the image.
4. Focus on Crucial Sectors
Nillion is not just for crypto; their mission includes the real world:
AI (Artificial Intelligence): Training AI models using users' personal data (such as health or financial history) without violating privacy laws.
DeFi (Decentralized Finance): Eliminating front-running or MEV issues by hiding transaction details before processing.
$PIPPIN #power
Healthcare: Analyzing genomic data or patient records en masse without exposing individual identities. $ZRO