The Future of Web 3 Will Be Based on Decentralized Data StoragePosted by bitdeal on November 3rd, 2022 The future of crypto and Web3 will hinge on storing data in a more secure and private way, according to Slava Rubin, chief business officer at crypto startup Nillion. Rubin, who pioneered online crowdfunding when he co-founded Indiegogo in 2008, told CoinDesk TV’s “First Mover” he felt compelled to join the Switzerland-based startup because of the “generational leaps” the company is making in terms of the technology it is using to securely store and process data “in an absolute private way.” The decentralized public network operates on a cryptographic primitive model known as Nil Message Compute (NMC). Its nodes have the ability to work together using non-blockchain technology, which is known as Secure Multi-Party Computation (SMPC). At the moment, Nillion’s main use is the advancement of medical research, according to Rubin, who adds that it is about “being able to then impact the real world with those findings.” In addition, Nillion’s use cases would look to reduce the need to keep information all in one place. “The narrative is about being able to have more secure and private data,” Rubin said. Source : Coindesk Like it? Share it!More by this author |