🎯Secure Data-Driven Smart Contracts Solution

Partnering with Chainlink

About Our Partner: Chainlink

Chainlink is a decentralized blockchain oracle network. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.

The Why:

Data transferred from off-chain to smart contracts is not privacy-preserving. This limits the use cases of dapps and it may cause cyberattack on exposed on-chain data processing pipeline. Imagine the cases:

• Unprotected trading signals transferred to smart contracts may cause front-runs;

• The computation results from off-chain financial models (pricing, risk, compliance, etc.) without encryption may cause fraud or cyberattack for on-chain smart contracts;

• The loot ratio for on-chain gaming should be protected but verifiable for gamers;

• To protect the private off-chain data like credit scores, bank balance, etc., to be transferred to smart contracts;

• Many more...

The How:

• Register and create your own Data Cocoon (A secure data mat for you only)

• Write/Upload: The user's data (Alice) is encrypted on the client side, then written or uploaded to Mind Network with encryption.

• Compute: The encrypted data from the data owner (Alice) could be configured to allow other dapps to perform encrypted query or computation on the data. During query or computation, the data can be still encrypted, even in the memory, which ensures end-to-end encryption.

• Transfer: The computation result is still encrypted. Only the data owner (Alice) and authorized dApps could have access to it. Developed together with Chainlink 2.0's Function (https://chain.link/whitepaper) service, the encrypted computation result could be verified and transferred to smart contracts to drive further business logic on-chain.

The What:

This solution is still under development. It will be offered to Oracle service consumers.