NuCypher is a security and encryption platform for distributed systems, including big data, cloud, blockchain, and Internet of Things. NuCypher is a new-generation cryptocurrency platform that specializes in blockchain security, using advanced cryptography. The entity is the provider of a security and encryption platform intended to offer accessible, intuitive, and extensible runtimes and interfaces for secrets management and dynamic access control. A data privacy layer for blockchain and decentralized applications, NuCypher gives developers a way to store, share, and manage private data on public blockchains. NuCypher describes itself as a threshold cryptography network that provides data privacy and key management for decentralized applications and protocols.
At its core, NuCypher is a blockchain protocol with a focus on enhancing privacy for its users.
NuCypher’s proxy re-encryption protocol lets users share private data on a public blockchain securely, thus eliminating the need for a separate private network such as a VPN.
NuCypher’s USP is its ability to offer advanced privacy layers in a decentralized environment.
In 2017, the NuCypher network started to focus on providing services to decentralized networks.
Currently, this network offers services to industries that deal with huge volumes of sensitive data, for instance healthcare and banking.
NUCYPHER WILL HELP YOU:
Manage secrets such as IAM tokens, database and SSH credentials, and signing/encryption keys across dynamic environments.
Conditionally grant and revoke access to sensitive data to arbitrary numbers of recipients.
Process encrypted data while preserving the confidentiality of the inputs and results.