Hello everyone, I am Little Hamburger. The rapid development of AI has made data security issues a major obstacle. Without solving these issues, widespread application is impossible. How can these problems be addressed? Today, let's explore a project @Mind Network and see how it solves these issues!
Previous encryption could only protect data while it was stored or transmitted, but once it was being computed, data was still likely to leak. Mind Network's Fully Homomorphic Encryption technology directly solves this problem, ensuring that whether the data is stationary or being computed, it is thoroughly protected. This way, AI development has security guarantees and can't be controlled by a few individuals, making the future more reliable!
What exactly is Mind Network?
In 2022, when Web3 and AI were just starting to gain popularity, there were numerous data security issues. At that time, experts in cryptography, blockchain, and AI established Mind Network. They used Fully Homomorphic Encryption technology (FHE) to build a secure and user-friendly network platform, aiming to ensure that Web3 data remains encrypted at all times, even against quantum computers.
Mind Network also aims to develop a 'Trust Operating System', which is like building a safe house for AI assistants, allowing them to work confidently while ensuring user data privacy is not compromised, achieving both safety and intelligence.
What is Fully Homomorphic Encryption technology (FHE) in Mind Network?
FHE is like an 'invincible shield' in the field of cryptography, allowing direct computation on encrypted data without ever needing to decrypt it, ensuring privacy is never compromised. Previous encryption technologies required data to be decrypted for computation, which is akin to opening the door for thieves to enter at will, making it particularly risky. But FHE is different; even when multiple institutions process data together, the data remains encrypted, and only those with specific keys can see the final results.
In Mind Network, FHE is the key to ensuring security. It has designed a layered architecture that keeps data encrypted throughout the sending and receiving process, and has developed HTTPZ, a super-secure transmission method. The security layer acts like a team of tireless 'encrypted guards' constantly monitoring the data.
The consensus layer guarantees that there are no disputes regarding the data processing process through a Rollup chain developed in collaboration with other teams; Mind Network Hub has thus become a 'secure fortress' for AI training and operation.
With FHE technology, Mind Network has developed practical technologies such as FHE verification mechanisms, FHE consensus algorithms, and FHE cross-chain bridging, and created the world's first FHE blockchain MindChain. This set of solutions addresses various security issues related to data, communication, and computation in the Agentic AI ecosystem, protecting privacy while allowing everyone to collaborate with peace of mind.
Mind Network has launched AgenticWorld on BNBChain and its own MindChain. This is a secure platform for intelligent agents (AI) that protects data privacy and is particularly reliable. Currently, over 54,000 AIs are training on it, with a total duration exceeding 1.2 million hours. Moreover, participating in staking activities can yield up to 400% annualized returns, which is quite cost-effective!
Additionally, Mind Network is particularly impressive as it is the first FHE project officially included in the DeepSeek codebase, demonstrating its recognized technical strength within the industry!
Mind Network's investment institutions and financing situation
Mind Network is well-recognized in the industry, receiving investment support from well-known institutions such as Binance Labs (Yzi Labs), Cogitent, Hashkey, and Animoca Brands.
Furthermore, it has teamed up with leading industry enterprises like Zama to jointly create a comprehensive encrypted infrastructure to safeguard data security.
In 2023, it completed $2.5 million in seed round funding, and by 2024, it raised $10 million in Pre-A round funding, with participation from well-known investment institutions like Animoca Brands.
Moreover, Mind Network has been selected for the fifth season of the Binance Labs incubation program and has joined the Chainlink BUILD program. In terms of technical collaboration, it has partnered with Zama, Chainlink, and others, launching super-secure transmission methods such as HTTPZ, as well as products and technical standards like MindV Hubs.
Recently, the latest IDO project on Binance Wallet is Mind Network, which has also received investment from Binance Labs, demonstrating its potential!
What advantages does Mind Network have?
1. Technological Innovation:
Mind Network is the world's first project to use Fully Homomorphic Encryption (FHE) technology for AI assistant consensus management. Previously, data transmission and processing were prone to leaks, but now it encrypts data throughout the entire process from transmission to computation.
For instance, in financial scenarios, even if data is intercepted, what is seen is scrambled, making it impossible to steal information. When multiple AI assistants collaborate, traditional verification is slow and cumbersome; FHE technology can quickly verify encrypted data, allowing devices to reach consensus quickly without needing to know who the other party is or what the data content is, like collaborating while wearing masks, ensuring fairness and privacy protection.
2. Ecosystem Development: The Mind Network ecosystem is growing larger, collaborating with many projects and covering various aspects of AI, while also compatible with multiple open-source frameworks of Web2 and Web3, making collaboration particularly convenient.
3. Market Performance: The $FHE token was very popular immediately after its launch, rising 36.33% within 24 hours on Binance Alpha, with a cumulative increase of over 200%, directly setting a new high. The market is extremely optimistic about this project!
4. Application Potential
(1) Healthcare: Hospitals are afraid to share patient data due to the risk of leaks, making it difficult to progress.
Mind Network's FHE technology acts like an 'invisible protective shield' for medical data, enabling hospitals to share encrypted patient medical records and genetic data with research institutions without exposing specific information, facilitating disease research and accelerating new drug development and personalized treatment, while ensuring patient privacy is not compromised.
(2) Financial Technology: Previously, financial institutions had to exchange a large amount of sensitive data to assess risks, which was prone to leaks. Now, using FHE technology, data is encrypted and computations are performed directly on the ciphertext, with results visible only to authorized parties, enhancing joint risk control efficiency while keeping core data safe. In decentralized finance, user transaction information is encrypted, so there is no fear of malicious targeting.
In summary, Mind Network is a 'tough player' in the field of AI data security! Using Fully Homomorphic Encryption technology to protect data without leaks, it excels in critical fields like healthcare and finance, and has received investments and support from numerous well-known institutions. Once the token was launched, it skyrocketed, and ecosystem partnerships are flourishing. If you are focusing on AI and data security and want to seize new opportunities in Web3, hurry up and learn about Mind Network!
