Base Layer Episode 175: Tor Bair from Secret on privacy's role in our Digital lives
Tor rejoins us on Base Layer to discuss Secret Network, the first blockchain to allow privacy-preserving smart contracts. That means applications built on Secret can utilize encrypted data without revealing it to anyone, even the nodes in the network. By supporting encrypted inputs, encrypted outputs, and encrypted state for smart contracts, Secret Network allows for new kinds of powerful decentralized applications to be built. This can unlock substantial value across multiple verticals and industries, including the following: 1) Decentralized Finance: support for privacy-preserving asset transfers, lending, and more; 2) Data Sharing: sharing and monetizing data while keeping it secure, 3) Machine Learning: discovering powerful insights while protecting underlying data; 4) Healthcare: allowing research over encrypted data, driving innovation; 5) Gaming: enabling more open and more usable gaming experiences.