How Secret Network’s Privacy as a Service Unlocks Web3 for the Next Billion Users

CoinDesk
CoinDesk

27 Jun 2023 7:18 PM

As the world of Web2 has evolved, we have experienced the erosion of our personal lives for the benefit of tech giants....

  • The EU and other countries are fighting to reclaim the decision to make information public.
  • Tik Tok, Instagram, and other major platforms have built empires on using and selling confidential information.
  • Confidentiality is the missing piece for mainstream Web3 adoption, and Secret Network is the first blockchain to support privacy-preserving smart contracts.
  • Secret Network is uniquely positioned to support the future of Web3 adoption by offering customizable privacy.
  • Secret launched Privacy as a Service (PaaS), which is the ability for Secret’s privacy-preserving computation to be used beyond the borders of its own network.
  • SCRT Labs is working on several Privacy as a Service products to be released over the next year.

The article has a negative sentiment towards the lack of privacy in Web2 and the need for confidentiality in Web3. However, it has a positive sentiment towards Secret Network and its Privacy as a Service framework.

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You May Ask

What is Secret Network and what does it offer?Why is confidentiality important for Web3 adoption?What is Privacy as a Service (PaaS) and how does it work?What are some of the Privacy as a Service products that SCRT Labs is working on?How does Secret Network enable developers to build their own Privacy as a Service applications?

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