FHE track leader Mind Network launched the "on-chain encrypted messaging protocol": accelerating data security in the RWA field, etc Mind Network @mindnetwork_xyz is an innovative project based on Fully Homomorphic Encryption (FHE) technology, aiming to address data privacy, security, and trust issues in the Web3 and AI fields. Mind Network has cooperated with many web2 companies such as Byte and Alibaba Cloud. It is also the first web3 company to cooperate with the ByteDance ecosystem, and has carried out in-depth cooperation with BytePlus, a cloud computing platform under ByteDance, around encrypted AI inference and trusted agent ecosystem. Project $FHE has been launched on Binance Alpha, with a total of 12.5M in two rounds of financing, with participation from Yzi Labs, Animoca, etc. Recently, Mind Network has proposed a new RWA solution, Encrypted Messaging Onchain, to solve the problem of encrypting files/structured information. /// 1️⃣ Let's briefly do a popular science, what is an on-chain encrypted message protocol? In simple terms, it is like an "encrypted envelope" where you can put important information (such as contracts, transaction records, private data) and send it to the blockchain. But only the person who has the "key" (such as you, your partner, or the authorized party) can open it. /// 2️⃣ Why do you need this agreement? Currently, blockchain, although transparent and decentralized, also has "imperfections": >> Information is not encrypted: Many on-chain data is "plaintext" (directly visible), such as transaction records and transfer information. >> Lack of privacy protection: Sensitive information such as financial transactions and medical records is not suitable for direct disclosure. >> Lack of structured information: Blockchain is good at "recording" but not "cryptographic computing" and "structured information processing". Mind Network's on-chain encrypted messaging protocol was born to solve these problems. /// 3️⃣Application scenario: RWA field >> Real estate on-chain: Real estate transactions, lease contracts, title certificates, etc., can be encapsulated in NFTs, stored on-chain, permanently tamper-proof, and auditable. >> Financial Transactions: Transaction information between banks and financial institutions can be encrypted and uploaded to the chain to ensure privacy and compliance. >> Cross-border trade: Trade documents, invoices, customs information, etc., can be encrypted and transmitted to ensure data security.