TL;DR
- Nillion integrates with NEAR Protocol to enhance data privacy and storage within the blockchain ecosystem.
- It will allow NEAR developers to use advanced privacy tools that accelerate data processing.
- It will facilitate the creation of privacy-respecting applications and promote the development of private artificial intelligence and privacy solutions in the DeFi ecosystem.
Nillion, a platform specializing in blind computing, has announced its integration with the NEAR Protocol. This partnership will be crucial for enhancing privacy and data storage in the blockchain ecosystem. Additionally, it joins a series of integrations with other networks aimed at improving privacy and efficiency in the design of decentralized applications.
The agreement will enable developers on the NEAR network to access advanced privacy tools designed to protect information and optimize data storage. Nillion’s technology fragments data across a network of nodes, speeding up processing and having potential implications for high-computation applications, such as those based on artificial intelligence.
Nillion 🤝 @NEARProtocol
All 750+ projects in the NEAR ecosystem will have access to Blind Compute.
Unlocking a privacy-first design space for truly decentralized AI applications.
Check out the link in comments for more details pic.twitter.com/xAR0APvbfn
— Nillion (@nillionnetwork) September 13, 2024
Powerful Privacy-Focused Solutions
The integration with NEAR aims to expand the protocol’s capabilities and provide developers with the ability to create solutions that are both powerful and privacy-respecting. NEAR seeks to become a hub for self-sovereign artificial intelligence, a goal supported by Illia Polosukhin, the protocol’s founder and contributor to the TensorFlow machine learning platform.
Nillion Will Enhance All NEAR Attributes
NEAR Protocol, known for its performance and simplicity, offers features such as Nightshade sharding to improve transaction performance, a WebAssembly-based runtime for smart contracts, and human-readable accounts to enhance user experience. The integration will enhance these attributes by enabling modular execution of data storage and computation operations on the Nillion network, with transparent settlement on the NEAR blockchain.
Furthermore, the collaboration opens up new opportunities for developing privacy-preserving applications within the NEAR ecosystem, including private artificial intelligence applications, federated learning, and private synthetic data generation. The integration also has the potential to improve privacy in cross-chain applications and within the DeFi ecosystem, allowing for private order books and confidential loan assessments.
