Origin Protocol Partners With NuCypher to Add Security Layer to Decentralized Gig Economy

Blockchain Partners
Sportsfix ICO

Share with:

A blockchain startup that is building the infrastructure for a new decentralized sharing economy, Origin Protocol announced on Wednesday a partnership with NuCypher to enhance the security and scalability of decentralized applications (DApps) built on its platform. NuCypher provides end-to-end encryption and data sharing access technology to DApps and will act as a privacy layer for the blockchain based sharing economy. 

advertisementToken Agency

San Francisco-based Origin Protocol provides transaction services and connects consumers to opportunities at a fraction of current prices through DApps and ecosystems, according to the company’s statement. Over 30 companies, including Propy, CanYa, and WeTrust have committed to building applications on the platform, from ridesharing applications to decentralized freelance marketplaces.

In a statement, Origin Protocol said the NuCypher system will protect blockchain addresses for home sharing and other location and identity-sensitive applications, including ride shares, and will allow job seekers to remain anonymous while interacting with a decentralized recruitment platform. The security services are provided via a proxy re-encryption method, ensuring neither NuCypher or services utilizing encryption never have access to the underlying data, the company stated. The objective is to address and substantially reduce the risk of improper access and use of private user data by malicious actors, abuses that have befallen organizations like Yahoo!, Facebook, and Uber over the past decade.

NuCypher CEO & Co-Founder MacLane Wilkison said, in a statement, “The majority of P2P marketplaces require some private information to be communicated between buyers and sellers, of varying levels of sensitivity. We’re looking forward to providing secure access control and data sharing to the many marketplaces building on the Origin Protocol.”

Co-Founder of Origin Protocol Matthew Liu added, “By integrating NuCypher technology into Origin we are offering more flexibility and greater control of sensitive data to our partner companies that are building on our platform. With Origin and blockchain technology in general, we are building infrastructure for a completely new, decentralized Internet economy. This is one of those steps that seems small, but is actually a huge development.”

About Alex Behrens

Alex started his professional career in a data analyst role at a global electrical components distributor before transitioning to work in the blockchain industry full time in 2017. He has performed research and analysis on multiple projects including traditional securities and cryptocurrencies, and has contributed to operational design for cryptocurrency mining and other entrepreneurial projects since 2015. Alex graduated from Ithaca College in 2014 with a BS in Finance and a minor in Politics.

View All Articles

More News

Facebook Comments

  • Bitcoin
  • Ethereum
  • Litecoin
Scan to Donate Bitcoin to 1CtoLdp6pjDLG8rRR6woDdfmuQFAX9b8cb

Donate a few Bitcoin to this address if you find our articles useful!

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0x16a5C78C0CBBA0703c6a620fD5772dd6a09227D0

Donate a few Ethereum to this address if you find our articles useful!

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Litecoin to LQ6cHj6EKA5Leut5zHSChRgbtxtgLWm485

Donate a few Litecoin to this address if you find our articles useful!

Scan the QR code or copy the address below into your wallet to send some Litecoin

Token Agency
Blockchain Partners
Token Agency
Sportsfix ICO


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.