NEAR Public Chain Introduces Nillion Privacy Protocol: Enhancing Performance and Privacy Protection

Recently, the privacy protocol Nillion announced the introduction of blind computing and blind storage technology into the NEAR public blockchain. This integration combines NEAR's high performance with Nillion's advanced privacy tools, enabling over 750 projects in the NEAR ecosystem to utilize blind computing technology.

NEAR is a well-known L1 blockchain network, renowned for its outstanding performance. Its main features include:

1. Nightshade sharding technology: increases transaction throughput, reduces latency, suitable for high-performance applications.
2. WebAssembly Runtime: A Wasm-based virtual machine supports Rust and AssemblyScript smart contracts, attracting developers from various backgrounds.
3. Readable Accounts: Use intuitive account names to improve user experience and accessibility.

The integration of Nillion and NEAR has achieved:

• Modular Data Privacy: Nillion's privacy features seamlessly integrate with NEAR, allowing for modular execution of data storage and computation operations within the Nillion network, while facilitating transparent settlements on the NEAR blockchain.
• Private Data Management: Nillion provides private storage and computation for various types of data, extending the capabilities of NEAR and opening up new design space for privacy-protecting applications.
• Private AI: Combining NEAR's focus on autonomous AI and Nillion's private storage computing capabilities, it creates a broad prospect for decentralized AI.

This integration opens up new avenues for privacy protection applications within the NEAR ecosystem, especially in AI solutions:

1. Private AI:

   • Private inference: Protect proprietary machine learning models and sensitive inputs.
   • Private Proxy: Protects user privacy when using AI proxies.
   • Federated Learning: Enhancing privacy protection during the training process.
   • Private synthetic data: Protects data privacy during GAN training.
   • Private Retrieval-Augmented Generation (RAG): Achieving privacy-preserving information retrieval.

2. Cross-chain privacy solutions: Paving the way for privacy-protecting cross-chain applications and asset transfers.

3. Privacy-first community platform: implementing private content storage, personalized recommendations, blind voting, and other features.

4. Secure DeFi: Implement private order books, confidential loan assessments, and hidden liquidity pools.

5. Developer Tools for Privacy Protection: Provides privacy-first tools and APIs to facilitate developers in integrating privacy features.

By combining NEAR's high-performance infrastructure with Nillion's advanced privacy features, developers can build powerful, privacy-preserving applications that meet real-world needs. This will help create a new open digital economy, allowing users to have better control over their assets and data.