Mind Network and Chainlink reach strategic cooperation and launch the first institutional-grade fully homomorphic encryption (FHE) cross-chain product

ChainCatcher news, Mind Network announced a strategic cooperation with Chainlink Labs to launch the first institutional-level FHE (Fully Homomorphic Encryption) cross-chain product based on the Cross-Chain Interoperability Protocol (CCIP), aiming to enhance asset security and data privacy in cross-chain communication. .

FHE Bridge has previously been launched on testnets on Ethereum, Arbitrum and Polygon, processing more than 3.2 million transactions for more than 650,000 active users. Mind Network’s FHE Bridge combines FHE Stealth Address Protocol (MindSAP) and FHE verification to provide a complete cross-chain solution through CCIP that can support quantum computing and provide new cross-chain security standards for financial institutions and enterprises.

This cooperation will also establish a strategic alliance to jointly enhance the asset and data privacy security of Web3 and AI and promote the technology application of FHE.

Mind Network is the first FHE Restaking layer designed for AI and PoS networks, focusing on protecting the security of data on the chain. Chainlink is a decentralized oracle network and has launched the interoperability protocol CCIP.