Mind Network and Chainlink have reached a strategic partnership to launch the first institutional-grade fully homomorphic encryption (FHE) cross-chain product

2024-05-24 18:20:29

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ChainCatcher news, Mind Network announced a strategic partnership with Chainlink Labs to launch the first institutional-grade FHE (Fully Homomorphic Encryption) cross-chain product based on the Cross-Chain Interoperability Protocol (CCIP), aimed at enhancing asset security and data privacy in cross-chain communication.

The FHE Bridge has previously launched on testnets of Ethereum, Arbitrum, and Polygon, processing over 3.2 million transactions for more than 650,000 active users. Mind Network's FHE Bridge combines the FHE Invisible Address Protocol (MindSAP) and FHE verification to provide a comprehensive cross-chain solution via CCIP, capable of supporting quantum resistance and offering new cross-chain security standards for financial institutions and enterprises.

This collaboration will also establish a strategic alliance to jointly enhance asset and data privacy security in Web3 and AI, promoting the technological application of FHE.

Mind Network is the first FHE Restaking layer designed for AI and PoS networks, focusing on securing on-chain data, while Chainlink is a decentralized oracle network that has launched the interoperability protocol CCIP.

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FHE Ecosystem News and Research

FHE is a hot topic in the encryption community recently. FHE has ideal privacy protection capabilities, but its performance still has gaps. With the entry of Crypto capital, it will greatly accelerate the development and maturity of the technology, just like the rapid development of ZK in recent years.

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