Nillion Expands Privacy-First Solutions with Integration into NEAR Protocol for AI Advancements

• Nillion, a groundbreaking “blind computing” platform, has announced its integration with the Layer-1 NEAR Protocol.
• This integration will enable developers to leverage advanced tools for enhanced data privacy and storage in application design.
• “This collaboration is about expanding what’s possible on NEAR and empowering developers to create solutions that are not only powerful but also privacy-preserving,” said Alex Page, CEO of Nillion.

Discover how Nillion’s integration with NEAR Protocol revolutionizes data privacy and storage in blockchain applications.

Nillion Teams Up with NEAR Protocol

Nillion, a distributed network specializing in privacy-preserving data computation, has joined forces with NEAR Protocol. This strategic integration aims to provide developers with the necessary tools to enhance data privacy and facilitate off-chain computation. The collaboration is expected to broaden the scope of blockchain-based AI applications, particularly those operating on NEAR.

Enhanced Data Privacy and Storage

By collaborating with NEAR, Nillion enables developers to take advantages of advanced privacy-preserving tools, allowing for the off-chain execution of computational tasks. This not only amplifies what can be achieved within blockchain ecosystem but also extends the capabilities of decentralized AI projects, which have increasingly turned to NEAR for its robust infrastructure.

Shared Vision for User-Owned AI

One of the key reasons for NEAR’s popularity among decentralized AI projects is the involvement of its founder, Illia Polosukhin. Polosukhin, who played a pivotal role in developing TensorFlow, envisions NEAR as a hub for user-owned AI. This vision aligns perfectly with Nillion’s focus on privacy, making the NEAR-Nillion collaboration a natural fit.

Historical Collaborations and Backing

Nillion is not new to integrating with other protocols; it previously integrated with Ethereum’s Arbitrum in late August. The company, established in 2021, has secured substantial backing from notable crypto firms such as HashKey and OP Crypto. Additionally, Nillion successfully closed a $20 million seed round, underscoring its strong support and promising future.

Conclusion

The alliance between Nillion and NEAR Protocol is poised to set new benchmarks in data privacy and computational efficiency within blockchain space. The shared vision and technological innovation fostered by this collaboration will undoubtedly empower developers to create more secure and powerful applications, leading to significant advancements in the realm of decentralized AI.