/biz/ - Business & Finance

>>28680584
>>Decentralized proxy re-encryption is the most important feature that has yet to be adopted by blockchain networks. In fact, PRE itself has more utility than all of crypto has today. We're not just talking about a little slice of today's pie.

>Do you know how much this will change things? It might not be intuitive to you, so let me explain the need for PRE.

>I worked on a crypto project that involved 2 parties exchanging information for crypto without using a centralized third party - simple, right? Now read the following fact and reread it until you really understand - the words are carefully chosen: TODAY THERE IS NO DECENTRALIZED WAY TO EXCHANGE INFORMATION ACCESS FOR MONEY. This is something that my team and VCs overlooked, and it's why we were too early to be working on that project. Proxy re-encryption is precisely the technology we needed.

>Access to information controlled by financial incentives is what the entire internet and economy are about. I really mean that. Information asymmetry, backed by capital, together explains how the world works today. So it's frankly embarrassing to realize that crypto, supposed to be the native money of the internet, doesn't provide this.

>When we finally are able to create decentralized protocols that involve exchanging access to information, rather than just exchanging value aided by public information, the utility of blockchains will increase by several orders of magnitude. Fees and scaling aside, blockchains and p2p networks will be able to natively support pretty much all business logic that runs the world today.

>Guess what: there is a solution. Nucypher builds it. They are at the forefront of using proxy re-encryption. It's a relatively new technology, and has almost never been used outside of academia. Nucypher is the first and only live network that provides PRE as a service. So yeah, you could say I'm pretty bullish.

source: my ass

>>28678144

>>28649916
>>28650215
>>28650327
>>28650826
>buzzwords
>buzzwords
>buzzwords
biggest selling sign when the people who buys into this tech can't even explain what it does
cope and seeth