ZUG, Switzerland and MUNICH, April 30,
2024 /PRNewswire/ -- With huge
amounts of personal data being collected every day, privacy
concerns are escalating as the impact of data breaches become more
costly. The need to address the problems created by the existing
data economy have never been greater. By empowering users to
reclaim control, Dwinity aims to unlock an enormous
amount of potential for personal data to enhance various industries
like healthcare, insurance, and finance.
About Dwinity
Dwinity's mission is to give power back to users and to create a
thriving data economy in which information asymmetry is finally
removed. Dwinity enables a decentralized data economy
as well as creates a data ownership driven ecosystem for storage,
analysis, exchange, and commercialization of sensitive personal
data.
The three components of Dwinity are:
- Data control: Decentralized data spaces for
decentralized data storage which provides true data
sovereignty and enables users to decide with whom data is
shared.
- Data Gold: Decentralized AI tools for each
data space have the capability to unlock the full potential of data
via sophisticated analysis.
- Data Cash: A fair marketplace with automated data value
analysis, allowing for tangible income for data owners at lower
costs and completely anonymous.
Dwinity is presently closing its initial seed round at
USD 3 MN – funds which will be used
for the development of the initial prototypes to hit the market
already in 2024.
About Nillion
Nillion is humanity's first Blind Computer. It is powered by a
decentralized network of nodes that enables "Blind
Computation" through the coordination and orchestration of privacy
enhancing technologies (PETs) such as multi-party computation
(MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs
(ZKP). Nillion believes Blind Computation will become the
internet's base layer for all private data as PETs continue to
mature. Nillion has attracted a notable initial cohort of Blind
Computation builders across AI, DeFi, medical data,
custody, wallets, global identity, messaging and more.
The Nillion development company, Nilogy, was incubated by
CoinList's seed program. Nilogy's Founding CTO was the Founding
Engineer of Uber (Conrad Whelan),
the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph
(Andrew Masanto), the Chief Business
Officer is the Founder of Indiegogo (Slava
Rubin), the General Counsel was the Associate General
Counsel of Coinbase (Lindsay
Danas Cohen), along with builders hailing from Consensys,
LayerZero, Polygon and Google.
"This is a major step on our way to building the leading
ecosystem for sensitive data together with one of the top players
in the market for the handling of such valuable data. We are
looking forward to the cooperation which will add significant trust
and competence to both initiatives", said Peter Koenig, CEO of Dwinity.
Picture is available at AP
Contact for this publication: Christian Mangold cm@dwinity.com
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SOURCE Dwinity IP GmbH