According to PANews, Mind Network has officially introduced a new protocol called Encrypted Messaging Onchain, designed to provide native compliance, privacy, and communication capabilities for real-world asset scenarios such as real estate, stablecoin settlements, and cross-border payments.
The solution supports automatic wallet key generation, enabling end-to-end encryption. It allows users to attach structured, encrypted, and verifiable messages to any transaction, meeting compliance requirements for information on purpose, identity, and auditing in financial activities. This mechanism is similar to standard messaging systems used in traditional finance and cross-border trade.
Encrypted Messaging Onchain integrates fully homomorphic encryption (FHE) with traditional cryptographic techniques to ensure that sensitive data can only be accessed by authorized parties. Officials noted that the blockchain sector currently lacks such an encryption messaging standard for real-world assets, and this protocol is expected to become a crucial component in building an "on-chain SWIFT" infrastructure, advancing the compliance process within the crypto ecosystem.
