Aptos has revealed a new relationship with the privacy platform Nillion. The two companies will work together to make the blockchain network’s apps more private. This merging, which was made public on August 29, is meant to make it possible for personal data to be handled safely and privately across a number of decentralized apps.
Aptos will support many privacy-focused apps thanks to this partnership. These include private AI assistants, safe social media platforms, private games and collectibles, and private decentralized finance (DeFi) transactions. Nillion’s technology lets private trades happen and secret liquidation vaults be used. It also makes supply lines clear without revealing private data.
Nillion has been around since 2021 and specializes in “blind computation,” which uses cutting edge technologies like fully homomorphic encryption (FHE) and multiparty computation (MPC). In a way similar to how blockchains handle transactions, these technologies aim to spread trust for private data across many places.
Concerns about privacy have grown since Telegram co-founder Pavel Durov was arrested in France. This is a good time for Nillion’s technology to be added to the Aptos network. This event has made people more worried about possible crackdowns on privacy-focused technologies, which are very important for the operation of cryptocurrencies.
The Aptos network was started by Aptos Labs in 2022 and has since raised over $400 million from investors such as a16z, Apollo Global, and PayPal Ventures. It currently has about $425 million in total value locked (TVL). With its new relationship with Aptos, Nillion has now integrated with a blockchain network that is not Ethereum Virtual Machine (EVM). This comes after integrating with Ethereum’s Arbitrum network in the past.
As Alex Page, CEO of Nillion, pointed out, this combination will give developers new tools to make decentralized apps that can safely handle private data.
