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📌 Notes
Hashtag #MyCryptoFunnyMoment is requi
Mind Network and Chainlink Advance Privacy and Security in Web3
Source: DefiPlanet Original Title: Mind Network and Chainlink Advance Privacy and Security in Web3 Original Link:
Quick Breakdown
Mind Network is pushing the boundaries of blockchain privacy by leveraging Fully Homomorphic Encryption (FHE) in partnership with Chainlink. The collaboration is set to deliver next-generation infrastructure for secure, cross-chain data computation in Web3, aiming to solve long-standing challenges around confidential computing and interoperability.
Strategic blockchain alliance and ecosystem integration
Mind Network’s journey with Chainlink began during its $2.5 million seed round, where Chainlink was named a key strategic partner. The partnership deepened in January 2023 when Mind Network joined the Chainlink Build program, gaining access to expert technical support and ecosystem resources.
As part of its integration, Mind Network allocated 3% of its native token supply to Chainlink service providers, including stakers. This commitment is now being realized through Chainlink Rewards Season 1, allowing LINK token stakers to claim Mind Network’s FHE tokens. The initiative strengthens the economic security of the Chainlink network while embedding FHE into the blockchain ecosystem.
HTTPZ and the future of confidential Web3 transactions
Mind Network is now focusing on building HTTPZ, a blockchain-native protocol that encrypts data not just in transit, but also at rest and during computation. Using FHE, users’ transactional intent and addresses can be processed securely without revealing sensitive information. Chainlink’s CCIP (Cross-Chain Interoperability Protocol) ensures that these encrypted transactions are transmitted securely across chains.
This integration enables a new layer of blockchain privacy: quantum-resistant encrypted computation combined with standardized, secure cross-chain messaging. The FHE Bridge, developed by Mind Network, allows AI agents and institutions to execute complex, multi-chain operations on confidential data, creating what the project calls a “Confidential Brain” (Mind Network) and a “Secure Nervous System” (Chainlink CCIP).
Meanwhile, SBI Group has confirmed that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) will be the sole network supporting cross-chain connectivity for its institutional tokenization platform. This will enable asset issuance, settlement, and secondary trading to flow smoothly across both public and permissioned blockchains, further boosting institutional adoption of crypto.