Chainlink, “the most widely used decentralized financial data source, securing over $3B in value,” has acquired what is called DECO from Cornell University, according to a press release from the group.
DECO “is an improvement on how to utilize HTTPS/TLS for data transmission across the internet, developed by Dr. Ari Juels, the former Chief Scientist of RSA, one of the world’s largest security companies,” the release notes.
Dr. Juels will become an employee of Chainlink Labs as a Chief Scientist, where he will “direct the research program and continue to oversee the implementation of DECO, as well as various additional groundbreaking Web 3.0 technologies.”
Speaking on the matter is Sergey Nazarov, the co-founder of Chainlink, who said:
“DECO’s ability to provide previously unavailable data security when transferring data over the internet, will greatly increase the private and premium data that becomes available for use by all Web 2.0 and Web 3.0 applications. We have long collaborated with Ari Juels; this acquisition enables us to fully integrate DECO’s unique data security capabilities within Chainlink, which already secures more than $3 billion in value, while also expanding the scope of what Chainlink/DECO validated data can now be used for, well beyond blockchains.”
The goal here, of course, is to increase the privacy of shared information for all involved, especially in the world of HTTPS and TLS, “the most widely (sic) formats
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