Mind Network Launches Solution To Security Vulnerabilities In Inter-chain Operations
Web3 is booming, and Arweave is becoming a popular infrastructure choice for developers. PermaDAO is a community where everyone can contribute to the Arweave ecosystem. It's a place to propose and tackle tasks related to Arweave, with the support and feedback of the entire community. Join PermaDAO and help shape Web3!
Author: Adeola @ Contributor of PermaDAO
Reviewer: Hrocksafdie @ Contributor of PermaDAO
Mind Network Launches Solution To Security Vulnerabilities In Inter-chain Operations
Web3 security and data privacy solutions provider, Mind Network has added another innovation to its zero trust framework that targets demand for security of funds during on-chain and cross-chain activities and connects Web2 and Web3.
Zero Trust Bridge is built on the principle of ‘never trust, always verify’ data and on the fully homomorphic encryption infrastructure, which allows users to have full control over their data, as well as zero knowledge proofs. The technology also allows a user to generate verifiable evidence of transactions, records and data for regulatory purposes.
https://x.com/mindnetwork_xyz/status/1714951129698877785?s=20
It works through three components, including Zero Trust Data; Zero Trust Transaction; Zero Trust Asset. Sensitive users' data and information such as know your customer, messages, logs, risk profiles are protected by Zero Trust Data which ensures that privacy is maintained at every level. Zero trust transaction prevents unauthorised access to on-chain and cross-chain transactions using the Fully Homomorphic Encryption-Dual-Key Stealth Address Protocol. Zero Trust Asset ensures integrity of tokens and transaction records by making them tamper proof.
Explaining why Zero Trust Bridge is needed, Mind Network said there have been challenges in cross-chain bridges because they lack the security measures required to protect users' data which makes them susceptible to being attacked by bad actors. The project further stated that clients in traditional finance would explore opportunities in the digital assets space if they were sure security standards were sufficient.
“This remarkable product is set to transform the landscape of web3, bridging the gap between traditional finance, central bank digital currencies (CBDCs), and public blockchains with an unprecedented focus on security,” Mind Network said.
Zero Trust Bridge secures a wide range of cross-chain infrastructure including bank chain to public chain; CBDC chain to public public, which involves integration of central bank digital currencies with public chains; public chain to public chain.
“With ZTB, we are ushering in a new era of trust and security, one where individuals, institutions, and governments can confidently participate in the digital economy of the future, Mind Network stated.
🔗 More about PermaDAO ：Website | Twitter | Telegram | Discord | Medium | Youtube
