On May 26, 2024, Galactica.com, the official Level 1 partner of SwissBorg, announced a pioneering partnership with Zama to integrate Fully Homomorphic Encryption (FHE) into its Web3 Identity Stack. This collaboration aims to transform the way decentralized applications (dApps) handle user data, ensuring maximum security and privacy.
FHE allows computations to be performed on encrypted data without decrypting it first, guaranteeing that sensitive information remains protected throughout the entire process. This technology, combined with zk-SNARKs and zkKYC, facilitates selective data sharing, maintaining user privacy while ensuring regulatory compliance. GuardianNodes play a crucial role in verifying and integrating data across on-chain, cross-chain, and off-chain environments.
By leveraging FHE and other advanced technologies, Galactica.com enables users to create persistent private identities and build augmented reputations. This innovative approach allows dApps to adapt to individual users based on the data they choose to share, significantly enhancing the accuracy and efficiency of peer-to-peer marketing and data markets.
The integration of FHE and privacy-preserving technologies opens up numerous innovative use cases, including:
Data training for Large Language Models (LLM)
Reputation Augmented DeFi & SocialFi (RADeFi)
SoulDrops (Reputation Augmented Airdrops)
Dynamic launchpads
New credit derivatives
The merger of TradiFi assets into DeFi
These use cases illustrate the transformative potential of this partnership in various sectors.
The Web3 Identity Stack redefines user experience by providing builders with the tools to develop compliant and innovative dApps. This partnership sets a new standard in the Web3 ecosystem, ensuring that dApps meet local compliance requirements throughout the development process.
Galactica.com is a leading platform dedicated to advancing Web3 technologies and enabling secure, user-centric decentralized applications. In partnership with SwissBorg, Galactica.com is at the forefront of creating innovative solutions that empower users and builders alike.
Zama is a cryptography company specializing in open-source homomorphic encryption solutions for blockchain and AI. Their technology supports a broad range of privacy-preserving applications, from confidential smart contracts to encrypted machine learning and privacy-preserving cloud applications.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
