Nillion is pleased to announce that Dwinity, a team pioneering decentralized AI has joined as an ecosystem partner (FOTO)

Zug/Munich (ots) - With huge amounts of personal data being collected every day,
privacy concerns are escalating as the impact of data breaches become more
costly. The need to address the problems created by the existing data economy
have never been greater. By empowering users to reclaim control, Dwinity aims to
unlock an enormous amount of potential for personal data to enhance various
industries like healthcare, insurance, and finance.

About Dwinity

Dwinity's mission is to give power back to users and to create a thriving data
economy in which information asymmetry is finally removed. Dwinity enables a
decentralized data economy as well as creates a data ownership driven ecosystem
for storage, analysis, exchange, and commercialization of sensitive personal
data.

The three components of Dwinity are:

- Data control: Decentralized data spaces for decentralized data storage which
provides true data sovereignty and enables users to decide with whom data is
shared.
- Data Gold: Decentralized AI tools for each data space have the capability to
unlock the full potential of data via sophisticated analysis.
- Data Cash: A fair marketplace with automated data value analysis, allowing for
tangible income for data owners at lower costs and completely anonymous.

Dwinity is presently closing its initial seed round at USD 3 MN - funds which
will be used for the development of the initial prototypes to hit the market
already in 2024.

About Nillion

Nillion is humanity's first Blind Computer. It is powered by a decentralized
network of nodes that enables "Blind Computation" through the coordination and
orchestration of privacy enhancing technologies (PETs) such as multi-party
computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs
(ZKP). Nillion believes Blind Computation will become the internet's base layer
for all private data as PETs continue to mature. Nillion has attracted a notable
initial cohort of Blind Computation builders across AI, DeFi, medical data,
custody, wallets, global identity, messaging and more.

The Nillion development company, Nilogy, was incubated by CoinList's seed
program. Nilogy's Founding CTO was the Founding Engineer of Uber (Conrad
Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph
(Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava
Rubin), the General Counsel was the Associate General Counsel of Coinbase
(Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero,
Polygon and Google.

"This is a major step on our way to building the leading ecosystem for sensitive
data together with one of the top players in the market for the handling of such
valuable data. We are looking forward to the cooperation which will add
significant trust and competence to both initiatives", said Peter Koenig, CEO of
Dwinity.

Contact for this publication:

Christian Mangold
mailto:[e-mail]

Additional content: http://presseportal.de/pm/174703/5769826
OTS: Dwinity IP GmbH