Successful decentralization doesn't need blockchains: Nillion CEO
Decentralization via blockchain technology has given rise to several applications such as cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and many more use cases. However, the future of decentralization may very well extend beyond blockchain technology.
Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is stored, processed and decentralized. This new technology could have important implications for how companies and users pursue decentralization as an ethos.
When asked how decentralization without blockchains was possible, the CEO of Nillion, Alex Page, explained how NMC based-technology takes arbitrary data, transforms and fragments it, and then distributes the resulting particles across a network of nodes.
"The nodes can store the particles or run computations with the fragments of data without sending messages between themselves, and return the results to the desired end-point for reconstruction (without relying on trusted hardware)," Page explained in a written response to Cointelegraph. "Throughout the whole process, nodes are blind to whatever they are processing, yet are able to run computations at speeds that in many cases are significantly faster than its predecessor technology, [multi-party computation, or MPC]."
He further explained the difference between his platform's NPC technology and its predecessor, MPC:
Speaking on the future of decentralization, Page shared that decentralization will be a fundamental part of the future digital world because humanity has reached a point where data, and notably the control of data, has become a
Read more on cointelegraph.com
