Nillion - Humanity's First Blind Computer
As data breaches soar to an average cost of $4.88M globally, traditional methods fail to safeguard sensitive data.
Revolutionizing data privacy with Humanity’s First Blind Computer, backed by $20M in funding
How to go about the Nillion network's new verifier program🧵👇
Blind Compute is crypto’s next big white space, and Nillion is leading the charge.
Just like Ethereum revolutionized with smart contracts, Nillion’s Blind Compute brings private, decentralized data processing to the table—finally letting users keep their data secure while actually using it. This tech opens the door to entirely new applications across AI, DeFi, and beyond.
Think private AI training, encrypted trading, and secure on-chain storage—all happening without exposing your sensitive data. It’s the backbone for a more secure, private internet.
As demand for privacy heats up, Blind Compute will set a new standard. Protocols will be forced to adopt it, or they’ll be left behind.
The future is private, and Nillion is the gateway.
Welcome to the Blind Renaissance.
Redefining Data Trust
Today, data privacy is one of the biggest growing concerns.
Sensitive information is often stored on centralized servers, making it vulnerable to breaches, unauthorized access, and misuse.
According to IBM, the global average cost of a data breach in 2024 is $4.88M, and is only growing every year.
In 2023 alone, there were over 350M victims due to cyber attacks and data breaches.
Generative AI has evolved to focus on personalization, but this relies on sensitive personal data.
While Apple is moving towards local, private AI, Nillion takes it further by decentralizing trust using technologies like Multi Party Computation (MPC) and Homomorphic Encryption.
Nillion is building the foundation for private data, allowing individuals to truly own their data and enabling the widespread adoption of personalized AI.
What is Nillion?
@NillionNetwork introduces the world's first Blind Computer.
Imagine a digital twin who serves as your personal assistant—an AI so attuned to you that it understands you better than you do.
It’s a secure computation network that decentralizes trust for high-value data, similar to how blockchains decentralized financial transactions.
To put it simply, it provides the infrastructure to store and perform analysis computations on encrypted, private, and sensitive data while maintaining full privacy and security per cryptographic standards.
Nillion employs privacy-enhancing technologies such as Multi-Party Computation (MPC), Fully Homomorphic Encryption (FHE), and Zero Knowledge (ZK) to ensure data remains encrypted for all parties and facilitate blind computation.
This approach eliminates the traditional need to decrypt, compute, and then re-encrypt sensitive data.
Architecture
Nillion operates through 2 parallel, interdependent networks: the Coordination Layer and the Processing Layer .
Processing Layer (Petnet) - P2P nodes form compute clusters.
Coordination Layer (NilChain) - Blockchain execution environment for payments
The NilChain network manages payments for storage operations within the system, while the Petnet utilizes privacy enhancing technologies (PETs) like MPC to safeguard data at rest and enable secure, blind computations on that data.
While the connectivity layer interfaces with external protocols to expand Nillion’s compute and storage capabilities.
Nillion also uses clustering to allow clusters of specialized nodes to scale based on security, cost, and performance requirements.
The use-case?
Nillion's innovative technology unlocks new possibilities across various sectors. Here are some exciting real-world applications:
AI: Nillion's Blind Compute enables private AI training and inference, secure data sharing, and privacy-preserving semantic searches. For example, financial institutions can use Nillion to train AI models on client portfolios while preserving the privacy of each client's data.
DeFi: Nillion prevents front-running by enabling fully private trading execution and decentralized order books. For example, high-frequency traders can execute large transactions without revealing their trading strategies, maintaining market fairness and protecting against manipulation.
Healthcare: In the healthcare sector, Nillion facilitates secure, compliant analysis of sensitive medical data. For instance, multiple hospitals can collaborate on analyzing patient data to improve treatment outcomes for rare diseases, all while ensuring patient privacy through Nillion’s encrypted computation model.
Secure Storage: Nillion provides quantum-secure storage for sensitive data. For example, companies can store employee credentials or trade secrets in a way that’s completely secure from potential quantum computing threats, while individuals can securely manage passwords or engage in decentralized messaging services where only authorized parties can access the content.
$NIL Token
The $NIL token offers a variety of utilities, including:
Staking: Secure the NilChain by staking $NIL.
Payments: Use $NIL for accessing the Coordination Layer and requesting blind computations.
Governance: Participate in governance decisions within the network.
Rewards: Compensate infrastructure providers for storage and network services.
Here’s a look at the tokenomics -
Nillion has already secured over $20M in funding from some of the biggest players in the industry like Hashkey Capital and GSR.
They’ve also managed to raise $20M from a public sale on CoinList in June.
Nillion’s Verifier Program
Nillion recently introduced their Verifier Program, allowing you to take control of your data by participating in a decentralized network that values data integrity.
As an early verifier, you’ll help ensure the network’s security and stability while being recognized and rewarded for your contributions.
https://x.com/nillionnetwork/status/1828448794528100696
Currently in prototype, the program invites participants to upload data and run verifiers, with incentives tied to your role in maintaining data integrity.
Early involvement also sets you up for future rewards as the network grows.
Become a verifier at - https://verifier.nillion.com/
Nillion has also recently went ahead and partnered up with @Aptos and @NEARProtocol
All apps featured in Aptos and Near ecosystem will now have access to Nillion’s Blind Compute.
https://x.com/nillionnetwork/status/1829166999119040588
Nillion is revolutionizing data privacy with its Blind Computer and supporting a new era of private AI, secure DeFi, and compliant healthcare solutions.