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Nillion is a decentralized computation network that enables secure data processing without exposing raw information. It’s designed for industries in which privacy is critical, such as AI, DeFi, healthcare and cloud computing. Every year, over 5 billion personal records are exposed due to data breaches, costing businesses an average of $4.45 million per breach. AI models require vast amounts of user data, making privacy concerns a major hurdle.
Nillion solves this problem by using blind computation, a cryptographic method that processes data without decryption, eliminating traditional security risks. This article explores Nillion’s core technology, real-world applications and the NIL token, which powers its ecosystem.
Key Takeaways:
Nillion is a decentralized computation network that enables secure, private data processing without exposing raw data.
Nillion leverages privacy-enhancing technologies (PETs), such as multi-party computation (MPC) and fully homomorphic encryption (FHE), in order to keep data encrypted even during computation.
The NIL token facilitates staking, governance and transactions, ensuring a decentralized infrastructure.