5 ms·
> smart contract-powered decentralized escrow service That's actually not quite right. I'm one of the engineers here, but allow me to put my evangelism hat on
by tuxxy 9y ago
> smart contract-powered decentralized escrow service
That's actually not quite right. I'm one of the engineers here, but allow me to put my evangelism hat on a bit here. We're building a decentralized key management system similar to AWS KMS or Google Cloud KMS -- except decentralized.
We use proxy re-encryption to do this. You can read about how it works in our Umbral blog post[0].
Several large applications are within the healthcare world. This allows patients to be in control of their own medical data and to share/revoke their data at will with other doctors, hospitals, etc. This lets them retain their own encryption keys without trusting another party.
Its market/end user is specifically anyone who has a need for a KMS. I Would also like to point out that NuCypher can be used as a consumer grade KMS -- something that I am exceptionally excited about.
[0] - https://blog.nucypher.com/unveiling-umbral-3d9d4423cd71 https://blog.nucypher.com/unveiling-umbral-3d9d4423cd71
- paulie_a 9y agoI honestly think those are the two worst possible examples. I would never trust my secret management to some random block chain. And for medical records? That is laughable at best with severe HIPPA compliance issues.
- leppr 9y agoYou would not trust a cryptographic system to manage your cryptographic keys? And you think regulations are set in stone with no room for innovation? Empty, politically motivated arguments.
- deleted 9y ago[deleted]
- paulie_a 9y agoNo I am simply pragmatic. Blockchain is an empty promise
- tuxxy 9y ago> I would never trust my secret management to some random block chain. Me neither. ;)