Home Credit inquiry NuLink Raises $ 4 Million to Develop Privacy Preservation Technology

NuLink Raises $ 4 Million to Develop Privacy Preservation Technology





STOCKHOLM, November 29, 2021 (GLOBE NEWSWIRE) – NuLink network, a decentralized solution that enables developers of privacy-preserving applications to implement best practices and the best security and privacy, has raised $ 4 million from a number of crypto investors.

The investors are: BMW Capital, Investment Fraternity, Chain layer, Crypto Castle, Coincu Ventures, CypherVenture, Capital Ex-network, Glock Capital, Capital of halves, Kangaroo capital, LD Capital, MacLane Wilkison (Founder of NuCypher), Capital of the Mavens, OIG Capital, R8 Global capital, R-930 Capital, Take over businesses, Stacking companies, Tokenova, Unanimous capital, VYSYN Capital, Digital x21, ZBS Capital, Capital badge, Bluechips, CSP DAO, Moonwhale, NEWTRIBE capital.

A ready-to-use solution

NuLink provides privacy preservation technology for decentralized applications through APIs. Its out-of-the-box solution makes it easy for developers, startups, small businesses, and businesses to use the power of blockchain to build their own applications while providing top-notch security and privacy.

The NuLink platform provides endpoint encryption and cryptographic access control. Sensitive user data can be securely shared from any user platform to the cloud or decentralized storage, and access to this data is granted automatically by the Proxy Re-Encryption or Attribute-Based Encryption policy. .

For the data user on the other side, Zero-Knowledge Proof can be used to ensure the availability of privacy data. In more advanced privacy preservation use cases, NuLink uses fully homomorphic encryption to customize enterprise-level data compute services.

NuLink also provides the infrastructure for many application scenarios such as encrypted NFT transaction market, electronic health record sharing, joint medical data analysis, decentralized digital rights management, financial data prediction. encrypted, social network preserving privacy, secure credit history investigation, etc. .

“I’m excited to see NuLink bring NuCypher / Threshold proxy re-encryption and other privacy-preserving technologies to smart contract platforms beyond Ethereum,” said NuCypher founder MacLane Wilkison . “Cross-chain interoperability is both one of the most difficult technical issues and alluring siren calls in the blockchain space. The NuLink team is well positioned to make this dream a reality, and I am happy to support them in this quest. “

Martin Tang, founder of Cypher Ventures, said he was optimistic about the potential of NuLink. “We can see in the near future that there will be a huge amount of use cases waiting to be explored by the NuLink team,” Tang said.

Co-founder David Jiao said the goal of NuLink is to be smart and scalable. “The roadmap of the NuLink network is to create an intelligent and scalable software architecture that takes us from the current pattern of privacy data sharing to privacy data computing,” Jiao said. “The platform will evolve while creating different use cases for different industries. “

Encrypted NFT

One of the most interesting use cases for NuLink’s technology solution can be found in the crypto NFT exchange market.

For example, the NuLink solution allows artists to set up secure online private auctions where potential buyers can virtually view and bid for works of art for sale. The artist could also create special events for their most dedicated fans or special collectors.

Likewise, NFT owners will be able to securely share access to a specific NFT or their private collection with whoever they want, and even charge a viewing fee.

“The market for NFTs is booming – in the first half of 2021, NFTs recorded sales of $ 2.5 billion,” said Daniel Nilsson, co-founder and CEO of Up Strategy Lab. “This means that there is a great opportunity for new solutions that take NFTs to the next level. At NuLink, our primary focus will be to provide technology for the NFT marketplaces to facilitate private auctions, encrypted and private collections, and whole new and exciting use cases for NFT. “

Official channels

Website: www.nulink.org

Discord: discord.com/invite/25CQFUuwJS

Telegram chat: t.me/NuLink2021

Twitter: twitter.com/NuLink_

Press contact
David Yin JIAO
+46 72-970 75 73
[email protected]

Related images

Image 1: NuLink

Decentralized solution that enables developers of privacy-preserving applications to implement best practices and best security and privacy

This content was posted through the press release distribution service at Newswire.com.


Source link