Nillion and Verida partner to unlock a new privacy preserving technology stack for developers

PUBLISHED

03.22.2024

AUTHOR

Charlie Rogers

CATEGORY

Ecosystem

Nillion is pleased to announce that we have partnered with Verida. Nillion and Verida share a common objective to build critical trustless infrastructure to unlock exciting new use cases and verticals for high value data. This collaboration is going to unlock a new privacy preserving tech stack for developers and provide a seamless experience for end-users.

Empowering Users with Control

Verida is a new pioneering decentralized database network and self-custody wallet that is empowering users with control over their digital identity and data. By leveraging cutting-edge technology such as zero-knowledge proofs and verifiable credentials, Verida provides secure, self-sovereign storage solutions and innovative applications across a wide range of industries.

With half the population affected by data breaches, the current centralized data storage model presents significant security vulnerabilities, attracting hackers and posing risk to individuals, corporations, and governments. Verida’s innovative approach empowers users to manage their own data, promoting secure, consensual data sharing to mitigate threats.

Navigating Regulatory Landscapes

In the light of global regulations demanding that companies grant users access to their data, Verida is at the forefront of enabling users to leverage their personal information for tailored web3 applicants, services and AI-driven personal assistants, helping pave the way for a new era of personalized technology that is grounded in trust, security, and privacy.

Verida is addressing some of the limitations of web3 infrastructure by integrating essential components like identity, authentication, and encrypted data storage, bridging the gaps within blockchain and IPFS. By ensuring user control over data and enabling cross-platform access, Verida liberates data from centralized confines. It uniquely tackles the challenges of private data storage, including speed and regulatory compliance, through a global network of Storage Nodes with regional awareness, allowing users to select storage locations based on geographic preferences. Verida Wallet enhances this further by defaulting to regionally compliant nodes, with flexibility for users to change nodes or self-host, embodying true data sovereignty.

Decentralizing Trust for High-Value Data

Nillion and Verida have partnered as both are aligned on a common objective to build critical trustless infrastructure to unlock exciting new use cases and verticals for high value data. While Nillion is primarily focused on multi-party computation and homomorphic encryption, Verida is primarily focused on encrypted data storage and helping users migrate their data from centralized platforms to new decentralized storage infrastructure they own and control.

Nillion is focused on decentralizing trust for high value data in the same way that blockchains decentralized transactions, with the broad vision of expanding the usability of web3 into new verticals and industries.

About Nillion

Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging, and more.

The Nillion development company, Nilogy, was incubated by CoinList’s seed program. Nilogy’s Founding CTO was the Founding Engineer of Uber (Conrad Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph (Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava Rubin), the General Counsel was the Associate General Counsel of Coinbase (Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero, Polygon and Google.

Learn more by visiting the Nillion website or following us on Twitter, Telegram or Discord.