Nillion Raises 25 Million for Privacy Blockchain Project to Advance Blind Computation Technology Applications
Nillion processes data securely through “blind computing” without revealing content
Privacy-focused blockchain project Nillion recently announced the successful completion of a fundraising round, raising $25 million. The round was led by venture capital firm Hack VC, with support from project members Arbitrum, Worldcoin, Sei, and several angel investors. Nillion stated that the funds will be used to promote its “blind computing” technology, enhancing data security and advancing the development of decentralized applications.
Blind Computing: Safeguarding Data Privacy
Nillion’s core technology, “blind computing,” is an innovative method of processing data without disclosing its content. This technology allows various applications to collaborate without revealing sensitive information, ensuring data privacy. Additionally, this processing mode is suitable for large-scale data computing scenarios that require high data security, providing support for blockchain and AI applications.
Blind Computing
Collaboration with Partners to Expand Nillion Ecosystem
Nillion’s partners include NEAR, Aptos, Arbitrum, and Ritual, among several other blockchains. Through these partnerships, Nillion aims to further expand its application ecosystem and attract more cross-blockchain and AI projects. According to Nillion’s plans, these collaborations will help build an open environment that balances data sharing and privacy, catering to the needs of different applications.
Meeting the Needs of Blockchain and AI with Secure Data Sharing Solutions
As AI and blockchain technologies continue to evolve, more projects are exploring their intersection, particularly in data sharing and secure storage. Nillion notes that AI development requires a large amount of data, and decentralized data storage and processing technologies help break data monopolies and prevent data control by a few centralized entities.
Nillion stated in the announcement: “In this brave new world, the demand for data storage and computation is growing, and the upgrade of data processing technology is imminent.”
