Andrew Masanto 23:22
Well, you know, in 2017, I had this thesis that basically, there were going to be five significant sort of semi niches developed within crypto, he was Oracle’s which was correct my chainlink interoperability which was corrected by polka dot scalability issues correct via sort of Hadera Solana, etcetera. Privacy and privacy. And there was one more I can’t remember, but I made I made investments into each and every one of them and I obviously focus my time on Hadera. So now, as I look at the crypto space, I see, you know, especially now with the increasing regulation, etc. I see several realms of opportunity here. The first is, is, you know, looking at different infrastructure projects, and these are these are rare. This is why Nillion was so interesting to me, because infrastructure really enables what’s going to come next. So, you have this, if we have this computing this decentralized MPC solution, which creates secure computations, it opens up a world of completely new possibilities, right? Which I which I like because, you know, a lot of people now are looking at Oh, how do we scale Ethereum or how do we you know, create, you know, NFTs etc. are different types of NFTs I know but what Looking at with Nillion is sort of a 90 degree pivot from that, where we’re looking at things like you know, in the limit things like identity on the blockchain or decentralized uncollateralized lending or, or, you know, credit scoring or as Conrad said, machine learning and AI implications that can be sorry, functionalities that can be enabled by a decentralized network like Nillion. And then, you know, you have this, this world where so there are several worlds that can come off that right? If you look at a world for example, imagine that five blocks for everyone, right? You have a world or a decentralized last pass where you send your you store your passwords, so right now you have Bitcoins that millions of millions, billions of dollars basically are stored within Bitcoin people trust Bitcoin with that, well, why not trust a decentralized network? With your secrets, right already? That’s what you’re doing if you’re using fire blocks, or you’re using MPC just you’re trusting fire blocks nodes, while well why not trust a decentralized network? For you know, it’s almost like what the signal was, to WhatsApp, right, you have open source, you have a decentralized network where you can store your deepest secrets. That’s just one example of a world where one of the use cases that nearly that, you know, we that there is to discuss how that Nillion enables rather, actually works out. Another is, for example, like, you know, where we have KYC, where you don’t need to or what is KYC know, your client, your identity, where that identity is stored within a decentralized network, and it can be cross leveraged in many, many different places. I mean, we’re looking for something simpler than, you know, NFTs that that are, are that are private. So, you know, nearly in itself represents to some degree, a decentralized, Secure Enclave like a place where you can compute and store data in a decentralized way. That is yet that is private and secure. So you know, when you consider what happened, what you can do with that you can store your, your metadata for NFTs privately, you can do computations for Ethereum, or other networks, in a private Secure Enclave, which is decentralized. So, the current best in class solution for that is using SGS chips, right, which is the Intel chips, which are private, but you’re kind of centralizing the computation there. But be you have to trust Intel, and that’s actually been shown to be unsecure.
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