As a seasoned analyst with extensive experience in the blockchain and AI sectors, I find this partnership between NEAR Protocol and Nillion Network quite intriguing. Having worked in the industry for years, I’ve seen the struggle developers face when it comes to privacy and security in the DeFi sector and the growing need for robust solutions in the realm of AI.
The NEAR Protocol, a blockchain platform that supports the creation and operation of decentralized apps (dApps), has recently formed a partnership with Nillion Network. This collaboration is anticipated to boost the availability and robustness of privacy tools for developers, and enhance their expertise in creating secure applications within the DeFi industry.
SpaceNerds, experts in private computing, intends to utilize actions with NEAR Protocol as they aim to incorporate privacy aspects and data storage. This move follows Nillion integrating with Arbitrum, Ethereum‘s scaling layer, making it the first layer-2 blockchain on the floor just a few weeks ago.
The main purpose of this integration is enhancing privacy and storage for developers within the NEAR platform. This “off-chain computing” approach enables developers to handle, process, and transmit confidential data and computations off the blockchain. It demonstrates the blockchain’s potential in the field of artificial intelligence (AI). Alex Page, CEO of Nillion, has emphasized that this collaboration will expand NEAR’s capabilities, empowering developers to create strong solutions, offering greater privacy levels as well.
Nillion and NEAR Collaborate to Boost AI Privacy and Security
The NEAR Protocol, designed to establish an AI and application ecosystem owned by users, collaborates with Nillion on privacy matters. This project is spearheaded by Russian entrepreneur Illia Polosukhin, who boasts a history in machine learning and co-founded the open-source TensorFlow platform. His vision for NEAR encompasses creating a welcoming environment for user-owned AI tools, which aligns perfectly with Nillion’s privacy-centric approach.
According to Page, NEAR prioritizes making AI more autonomous, and that’s something Nillion should work together on. Both entities aim for a scenario where users have control over the data being utilized to refine the top-tier practices of AI technology applications.
In the start of 2021, Nillion was established and soon garnered backing from cryptocurrency-focused companies such as HashKey and OP Crypto. Their latest fundraising round raised $20 million in seed capital. In this new partnership with NEAR, Nillion and NEAR aim to advance the progress of privacy and data management within the blockchain sector. This collaboration will offer more tools for developers to enhance their projects in these areas.
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2024-09-17 13:25