Revolutionary Crypto Brings Security Upgrade to the Blockchain

By Bruce Ng

In this day and age, it’s rare to find something new.

But blind computing is something genuinely new under the sun. It’s a key innovation in cryptography, and more importantly, the red-hot AI sector. 

That’s because of its security. 

See, blind computing means you can execute a quantum computation using one or more remote servers … all while keeping the structure of the computation hidden.

That makes it hard, if not impossible, to hack.

And it will likely create huge demand. Especially in a world where the few zones of privacy that still exist are under assault.

And one coin that just launched last week brings that capability to the blockchain.

Nillion: Blind Computing on the Blockchain

Nillion (NIL, Not Yet Rated) is a decentralized public network that provides secure computation and storage for high-value data. 

Its unique technology allows computations on encrypted data without exposing it.

That means it boasts use cases like private personalized AI, encrypted databases, data marketplaces and privacy preserving applications. These offerings are particularly valuable for applications where data privacy is critical, including AI, encrypted databases and data marketplaces. 

But what really sets Nillion apart is its use of a new cryptographic primitive — called NMC — which enhances efficiency without sacrificing security. 

That’s because NIL’s unique technology allows computations on encrypted data without exposing it, making it a strong player in privacy-focused solutions.

This technology isn’t just secure. It’s described as post-quantum secure. Meaning not even quantum computing — or hacking — can match Nillion’s encryption capabilities.

With its blind computing, Nillion is poised to occupy a very unique position in the market. It is the only project that can support applications like private AI inference, secure trading platforms and trustless games with this level of security.

Beyond its unique utility, Nillion has a team of experienced professionals from diverse fields behind it. Notable members include … 

• Andrew Masanto, a cofounder with ties to Hedera Hashgraph

• Ex-investment bankers Alexander Page and Andrew Yeoh

• Conrad Whelan, the founding engineer of Uber

• Slava Rubin, founder of Indiegogo, and …

• Lindsay Danas Cohen, former Coinbase Associate General Counsel 

This mix of expertise in blockchain, finance, regulation and technology suggests a team that is capable of steering Nillion through market volatility toward sizable growth.

Looking ahead to the next three months, Nillion is likely to focus on key developments following its recent token launch. Potential price catalysts include:

• The full mainnet launch, which could enhance network capabilities and attract more users.

• Expansion of partnerships to build decentralized information systems. This could potentially increase adoption as the NIL token is used for network fees and payments, in addition to governance.

  Nillion already has a collaboration with Maya Health to create the world’s first fully decentralized secure computation and storage infrastructure for high value psychedelic services. More partnerships are expected to follow.

Potential Red Flags

While Nillion is definitely impressive, it is still a very new project, having launched just last week. That means volatility is very likely in this coin’s future. 

As a new project, there may be risks related to adoption, scalability and regulatory challenges. Especially given the evolving nature of decentralized data networks.

In addition, the novelty of blind computing may pose risks due to its untested nature in large-scale deployments. Basically, we won’t know if there are vulnerabilities until they’re tested.  

Finally, and most significant, NIL is not available for U.S. residents at this time. 

That said, if you are interested in a new project with solid utility and growth potential thanks to its novel technology, Nillion should be on your watchlist.

Best,

Dr. Bruce Ng