Mind Network enables data to run securely, compliantly, and reliably.
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.