Summary
TLDR: Decentralization through blockchain technology is valuable, but data confidentiality is a critical issue. Decentralized confidential computing (DeCC) is the solution, allowing protected computations on data without revealing it. Technologies like Zero-Knowledge Proofs, Multi-Party Computation, Fully-Homomorphic Encryption, and Trusted Execution Environments enable DeCC on blockchains for various use cases like DeFi, AI, NFTs, and more. DeCC is the missing piece in Web3 that will drive wider adoption and unlock the full potential of decentralized networks.
Key Points
1. The benefits of decentralization are being realized in various fields, but data confidentiality remains a critical issue that needs to be addressed.
2. Decentralized confidential computing (DeCC) is the solution to protecting sensitive raw data while still reaping the benefits of decentralization in Web3 applications.
3. DeCC can be implemented using technologies such as Zero-Knowledge Proofs, Multi-Party Computation, Fully-Homomorphic Encryption, and hardware-based Trusted Execution Environments, enabling secure and confidential computations on blockchains.