Telegram: https://t.me/nucypher

NuCypher KMS

NuCypher KMS is a decentralized Key Management System (KMS) that addresses the limitations of using consensus networks to securely store and manipulate private, encrypted data. It provides encryption and cryptographic access control, performed by a decentralized network, leveraging proxy re-encryption [2]. Unlike centralized KMS as a service solutions, it doesn’t require trusting a service provider. NuCypher KMS enables sharing of sensitive data for both decentralized and centralized applications, providing security infrastructure for applications from healthcare to identity
management to decentralized content marketplaces. NuCypher KMS will be an essential part of decentralized applications, just as SSL/TLS is an essential part of every secure web application

In NuCypher KMS, access controls are issued, enforced, and revoked via smart contracts executed by a decentralized network of re-encryption nodes. This network controls re-encryption keys and allows data owners to conditionally grant and revoke access to third-parties based on their public key.

Re-encryption nodes are incentivized to behave properly using a proof-of-stake NKMS token. If the nodes are malicious or defective, their deposit is forfeit. Correctly behaving nodes are incentivized to provide re-encryption services through payment in NKMS.

Features

Local encryption library and daemon, Sharing short secrets, Sharing files and hierarchical data, Encrypting bulk data, Sharing encrypted streams, Time-based and condition-based policies, Key rotation,

Potential Use Cases

• Sharing encrypted files (“Decentralized Dropbox”)
• End-to-end encrypted group chat (“Encrypted Slack”)
• Patient-controlled electronic health records (EHR)
• Decentralized digital rights management (DDRM)
• Blind identity management
• Secret credentials management for scripts and backend applications
• Shared credentials and enterprise password management
• Mandatory access logging
• Mobile device management (MDM) and revocation
• Private use of NuCypher KMS

Summary

NuCypher KMS is a decentralized key management service and cryptographic access control layer for the blockchain and decentralized applications. Developers and enterprises alike can leverage it to create highly-secure applications in healthcare, financial services, and more. By bringing private data sharing and computation to the public blockchain, NuCypher KMS enables everything from encrypted content marketplaces to secret credentials management to patientcontrolled electronic health records.

Personal Opinoin

NuCupher KMS is an essential project and will revolutionize dApps ast they will now be able to leverge secure storage, sharing, and manipulation of private data can now be built on public blockchains, allowing for greater protection and control of private data. This is my next bluzelle move

Token Metrics: TBD
Crowdsale: TBD

Website: https://www.nucypher.com/blockchain.html
Whitepaper: https://cdn2.hubspot.net/hubfs/2807639/NuCypher%20KMS%20Technical%20White%20Paper.pdf?t=1510526466105
Github: https://github.com/nucypher
Telegram: https://t.me/nucypher

Upvote, Follow, Comment