Nillion is a decentralized computing infrastructure that aims to revolutionize how data is processed and protected, without relying on traditional blockchains for its operation. Here is a detailed analysis of the proposal, functioning, and future perspectives of the project:
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Nillion's proposal
Nillion proposes a new paradigm called "secure computing without blockchain," using a protocol called Nil Message Compute (NMC). It allows for the computation of sensitive data without revealing that data — something essential for areas like health, digital identity, AI, and finance.
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How It Works
Nil Message Compute (NMC): Fragments data into "null parts" and distributes them across a decentralized network, where they can be computed without reconstructing the original data.
No blockchain: Unlike most Web3 projects, Nillion does not use blockchain for consensus, focusing only on the decentralization of secure computing.
Privacy and scalability: Its architecture is highly scalable and ensures total privacy, even superior to that of blockchains with smart contracts like Ethereum.
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Applications in the real world
1. Health: Sharing and processing medical data between institutions without the risk of exposure.
2. Finance: Allows secure KYC/AML between banks without revealing user data.
3. Digital identity: Creation of identity systems that preserve user privacy.
4. Collaborative AI: Training AI models with decentralized private data.
5. Web2/Web3 Companies: Can be adopted by traditional companies that need to comply with regulations like GDPR and LGPD but want to utilize advanced decentralized computing.
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Advantages of Nillion
Unprecedented privacy: Data is never reconstructed, not even by network operators.
High scalability: The absence of blockchain and traditional consensus reduces bottlenecks.
Real commercial applications: Already has partnerships and pilots with companies and governments.
Institutional and corporate focus: Positions itself as a solution for the real world, not just for native crypto.
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Future Perspectives
Corporate adoption: Large companies and health institutions, banks, and governments can immensely benefit from Nillion's proposal.
Ecosystem expansion: Projects will be able to build DApps using NMC to ensure computational privacy.
Interoperability: Nillion can become complementary to traditional blockchains, providing data privacy for smart contracts, Web3, and DeFi.
Technical innovation: Paving the way for a new layer of infrastructure in Web3 that goes beyond simple blockchains.