Mind Network

User Guide

Mind Network 101

The What

What is Mind Network?
Mind Network is the Zero Trust Layer of web3 to secure data, transactions, and smart contracts.

Data Rights are Human Rights

While decentralized infrastructures excel in maintaining the integrity of each transaction and ensuring the availability of on-chain data, they fall short in offering robust confidentiality protection. Ethereum's Vitalik Buterin has repeatedly emphasized privacy as a critical challenge for Ethereum, predicting its failure if not addressed. Citibank recently cited 'privacy' and 'strong guarantees of security' as critical features for Web3 to reach mainstream adoption. SWIFT highlighted in a recent whitepaper that data privacy and governance is the number one concern for institutional entities. However, the current privacy and security solutions are facing challenges of fragmentation, compliance risks, and under-developed ecosystems.

The Evolution of Web3 Security

According to the study from Citibank and SWIFT, on-chain data privacy and security are essential to enable traditional financial institutions and regulated investors to step into Web3. We summarize the evolution of Web3 security and privacy into three phases:
  1. 1.
    Phase One: The Wild West. Characterized by minimal regulation, rampant money laundering, and scams.
  2. 2.
    Phase Two: Emerging Regulatory Framework. This is the current phase, marked by the entry of large companies and institutions experimenting with tokenization.
  3. 3.
    Phase Three: The Full Transition into Web3. The future phase, where privacy layers exist at the infrastructure level, and which allows individual control over all web credentialing and activity, including digital asset transfer, KYC, AML, transaction logs, messaging logs, and AI interactions. FHE is critical in bringing about this phase.

The How

The Zero Trust Layer by Mind Network aims to eliminate the security fragmentation in blockchain, offering untraceable yet verifiable transactions. It introduces quantum-resistant encryption, ensuring that only the data owner has access to their information, and allows all information to be verifiable for third parties. The Zero Trust solution is built with two primary components:
  • FHE Dual-Key Stealth Address Protocol (MindSAP)
  • FHE + ZKP Data Rollup (MindLake).
The technology is applicable across multiple blockchain layers (L0, L1, L2, etc.), DApps, wallets, and even traditional financial institutions.
MindNetwork's applications

Zero Trust Bridge Introduction at SmartCon 2023