Tuesday 30 April, 2024
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:
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.
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