Brothers, we all know how troublesome SWIFT is in traditional finance, right?
Inter-bank transfers are not as simple as just clicking a button; you have to send a long string of messages, clearly stating who pays whom, what currency is used, what it's for, and you also need to attach KYC information, which is a hassle! However, in the blockchain world, this area is a big loophole. While transactions can be recorded on the chain, when it comes to complex scenarios like cross-border payments, derivatives settlement, trade documents, and supply chain invoices, there's a lack of a reliable 'message layer', and privacy protection is always hit or miss.
@MindNetwork is now filling this gap! They developed an on-chain encrypted messaging protocol (Encrypted Messaging Onchain), simply put, it means encrypting files and information, packaging them into NFTs, and putting them on the chain. It prevents tampering and allows for auditing, but only the person with the 'key' can unlock and view it. This is incredibly useful for RWA (Real World Assets) scenarios! For instance, house on-chain, tax documents, compliance audits, or instructions for cross-border payments can all be handled safely and efficiently.
What's even cooler is that they are using FHE (Fully Homomorphic Encryption) and ZKP (Zero-Knowledge Proof), which not only protects privacy but also allows regulators to check clearly, and facilitates safe asset transfer. In the future, they will be able to seamlessly integrate with traditional financial systems like SAP, connecting on-chain and off-chain assets through FHE Bridge, which is simply fantastic!
Mind Network is not just playing with Web3. They are the first Web3 project to cooperate with the ByteDance ecosystem and have already signed an MOU with BytePlus, potentially covering Lark's 40 million users in the future by providing data privacy protection. They are also adding a layer of 'encrypted armor' to Web2's AI applications on the Coze AI Agent platform. Additionally, their collaboration with Alibaba Cloud is promoting trusted AI cloud deployment, truly blooming across industries!
There's another highlight: they created an MCP (Model Context Protocol) specifically to check the 'background' of AI Agents. For example, if an Agent has been trading cryptocurrencies for 30 days and made a fortune, but then crashes and loses everything on the last day, how do you know if it's reliable? The MCP can give the Agent a 'credit score' based on historical records and call data, which will definitely be the cornerstone of trust in future multi-Agent collaborations.
From RWA to AI, from Web3 to Web2, Mind Network is like building a 'privacy highway' for the digital economy, allowing data to run securely, compliantly, and reliably. The future looks promising!
