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Lumino Secure Multi-Party Computing: A New Generation Of Data Security Sharing Solution

Published

3 years ago

on

The Dilemma Of Digital Economy

The most critical and cardinal element of the digital economy is data. Data is the “oil” of digital economy. Hence, utilizing the “data oil” safely and efficiently is the focal point of global economic digital transformation. On the one hand, the digital economy has entered a high-speed development age. The global digital economy has reached 36.2% of global GDP. It is necessary to open up the “data island” among enterprises and establish an open and shared digital resource environment. On the other hand, the public is paying more and more attention to personal privacy and data security, and regulators have introduced a series of regulations to ensure information security. For example, car companies buy parts back and assemble them into cars, the ownership belongs to the car companies, while parts manufacturers also make it clear that once the parts are sold to factories, the factories have ownership. But the data level is more sensitive. Personal data include the face, voice, name, height and other sensitive personal privacy specifics. How to define the ownership of the data between these parties? At present, there are no clear legal provisions, nor the industry has clear answers. In foreign practice, the EU has made very strict data protection regulations, but the entire EU data information technology industry lags behind China and the United States.

Because data protection is too strict, data from different sources do not interact, data is not open and can not interact to generate value and to improve the efficiency of the economy as a whole. The EU is not a good example, because it does not balance the relationship between data privacy protection and the development of the data industry.

Privacy protection and data security need multi-party promotion

Facing the dilemma of data security and sharing, the “available and invisible” secure multi-party computing provides us with an innovative solution.

Secure multi-party computing is a calculation process performed by multiple participants. Multi-party computing technology includes inadvertent transmission, secret sharing and confusing circuit. Multi-party computing has the advantage of high confidentiality and maneuverability, and each party has absolute control over the data it owns. Secure multi-party computing can be applied to networks where participants are not trusted. Participants can know the agreed results of collaborative computation, but they can’t get or deduce the original contents of the data. The flow of data and the collaborative analysis are of great value in all industries, and have brought about a lot of application demands. There are two main scenarios in the market:

1) Data security query

In the big data age, the data that the enterprise holds itself often cannot satisfy the demand of business analysis, many enterprises will purchase the external data to expand the data source. When an enterprise uses an external database to query, it faces the risk of divulging the query condition information. MPC technology helps enterprises to set up a secure query to obtain more external data under the condition of ensuring their own data security, thereby deepening the digital transformation and making better use of big data technology to optimize business.

2) Data joint analysis

Joint analysis often faces two headwinds. On one hand, it is illegal to trade personal privacy information. On the other hand, data sharing makes data-holding companies lose their competitive edge. MPC technology, through inadvertently querying, makes the data not public, the query object not exposed, and the results can be correctly given feedback for, which has an important application in the financial risk control business.

Lumino: new ideas for secure multi-party computing

Lumino is a large-scale activity that uses secure multi-party computing protocols to generate zero knowledge proof system public reference string (CRS) in a de-trust manner, and it is a prerequisite and an important step for deploying and using privacy-related applications in a decentralized ecosystem. The activity now focuses on the PLONK algorithm. As a practical and efficient zk-SNARK algorithm, PLONK is often used in blockchain projects and communities, which is characterized by only one-time initialization process, i. e. running once, it can be used to support a variety of underlying circuit logic and multi-class application deployment.

Lumino’s vision, from the start, was to link the world’s cryptographic geeks to become co-creators and witnesses of privacy computing infrastructure, not just an event but a ritual. We changed the method of centralizing system parameters into a distributed one. For a truly community-based and open-source blockchain ecosystem, each of which is the most critical link, and each participant who joins makes the bottom one safer, which would be a ceremonial collective wisdom.

Lumino is the cornerstone of subsequent de-centering privacy protection applications based on zero-knowledge proof, and the subsequent de-centralization applications will be safer only if the activity is safely completed.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

Published

1 day ago

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November 23, 2024

By

DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

Published

1 day ago

on

November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

1 day ago

on

November 23, 2024

By

DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

See author's posts

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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