Mind Network Joins Chainlink BUILD To Accelerate Adoption of Decentralized Privacy-Preserving Data Lake
We’re excited to announce that Mind Network is officially joining the Chainlink BUILD Program. As a part of BUILD, we receive enhanced access to Chainlink’s industry-leading oracle services, technical expertise, and community support. This will help accelerate ecosystem growth and the long-term adoption of Mind Network’s decentralized privacy-preserving data lake. In return, Mind Network will provide network fees and other incentives to Chainlink service providers as part of Chainlink Economics 2.0.
Building a Web3 Ecosystem Underpinned by Data Privacy and Ownership
Mind Network is a decentralized privacy-preserving data lake built for a multi-chain, multi-storage, and multi-cloud Web. Built on tamper-proof data fabric architecture with end-to-end encryption to provide a high-performance “Pay as You Go” data computation experience, Mind Network seals your data into encrypted data ledgers to make your data truly yours. In addition, Mind Network also empowers developers with data intelligence without trade-offs in privacy.
Mind Network offers several unique features and capabilities, such as:
Privacy-preserving — The Data Cocoon (data bank) is a secured data ledger that empowers data ownership with tokenized access control.
Trust-minimized — A tamper-proof computation engine supports multi-level encrypted computation from data query to machine learning.
High-performance — Scalable and high-performance encrypted computation, leading to only ~10% performance reduction with encrypted computing.
Ultimately, Mind Network aims to help build a Web3 ecosystem underpinned by full data privacy, where data owners have full control of their data.
Why We Joined Chainlink BUILD
Mind Network joined Chainlink BUILD to maximize the security and reliability benefits that the Chainlink oracle infrastructure provides. As part of BUILD, we will receive access to new Chainlink product alpha and beta releases, dedicated technical support from the Chainlink ecosystem, and more.
“We’re thrilled to join Chainlink BUILD, which will help drive the adoption of our decentralized privacy-preserving data lake. The Chainlink Network underpins the smart contract economy, and its support will help grow our platform. Ultimately, joining Chainlink BUILD will help us provide the Web3 ecosystem with a more reliable and secure data lake solution.” — Mason Song, Mind Network CEO
“We’re excited to have Mind Network join the Chainlink BUILD program to help boost the growth of their decentralized data lake solution. The enhanced access to Chainlink’s industry-standard services and support from Chainlink Labs will help support Mind Network in fulfilling their mission of building a Web3 ecosystem underpinned by data privacy and ownership.” — Oliver Birch, Global Head of BUILD, Chainlink
As part of our commitment to the BUILD program, Mind Network has committed 3% of our total token supply to be used as an economic incentive for Chainlink service providers, including stakers. This economic incentive will be made available to Chainlink service providers over time to help Mind Network fully realize the benefits of being part of the Chainlink ecosystem.
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.
About Mind Network
Mind Network is a decentralized privacy-preserving data lake built by the people and for the people. Learn more about Mind Network by visiting mindnetwork.xyz or joining the Mind Network social media channels to stay updated.