Nillion, a "blind computer" based on multi-party computing, announced an integration with Arbitrum. This collaboration will reduce the settlement costs of Nillion-based applications and introduce Nillion's privacy solutions to Arbitrum.
This integration will enable applications on Nillion to settle on Arbitrum, take advantage of the liquidity of this L2, and open up the design space for DApps on Arbitrum to access private storage and computing. In a sense, Nillion functions like an oracle for blockchain.
Nillion's distributed network focuses on general data computing and processing. Unlike blockchains that require nodes to store a complete record of transaction ledgers, Nillion nodes store and process private, sensitive, and high-value data without any node being able to see the data.
Nillion was founded in 2021 by former Uber, Indiegogo, Hedera Hashgraph employees and executives from Coinbase and Nike. The company also announced last week that it was working with decentralized AI startup Ritual to develop decentralized blind AI reasoning technology. (The Block)