30.04.2024,
2910 Zeichen
Zug/Munich (ots) - With huge amounts of personal data being collected
every day, privacy concerns are escalating as the impact of data
breaches become more costly. The need to address the problems created
by the existing data economy have never been greater. By empowering
users to reclaim control, Dwinity aims to unlock an enormous amount
of potential for personal data to enhance various industries like
healthcare, insurance, and finance.
About Dwinity
Dwinity’s mission is to give power back to users and to create a
thriving data economy in which information asymmetry is finally
removed. Dwinity enables a decentralized data economy as well as
creates a data ownership driven ecosystem for storage, analysis,
exchange, and commercialization of sensitive personal data.
The three components of Dwinity are:
* Data control: Decentralized data spaces for decentralized data
storage which provides true data sovereignty and enables users to
decide with whom data is shared.
* Data Gold: Decentralized AI tools for each data space have the
capability to unlock the full potential of data via sophisticated
analysis.
* Data Cash: A fair marketplace with automated data value analysis,
allowing for tangible income for data owners at lower costs and
completely anonymous.
Dwinity is presently closing its initial seed round at USD 3 MN –
funds which will be used for the development of the initial
prototypes to hit the market already in 2024.
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.
“This is a major step on our way to building the leading ecosystem
for sensitive data together with one of the top players in the market
for the handling of such valuable data. We are looking forward to the
cooperation which will add significant trust and competence to both
initiatives”, said Peter Koenig, CEO of Dwinity.
Digital press kit:
http://www.ots.at/pressemappe/DE174703/aom
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