Ed 🌹 Profile picture
Apr 19, 2023 23 tweets 26 min read Read on X
Some believe #privacy in #Web3 stops at anonymous transactions, which couldn't be further from the truth

@OasisProtocol have built a solution to propel #blockchain adoption to areas that were not previously possible 🌹

Mega thread🧵⬇️

Don't miss this one

❤️/RT/Follow for more twitter.com/i/web/status/1… Image
2) @OasisProtocol will be imminently releasing the Oasis Privacy Layer (OPL) to all major #EVM chains, allowing any #dApp to integrate customisable, compliant confidentiality to any existing dApp

With OPL and their #privacy paratime Sapphire, a new era is coming to #Web3 Image
3) Now let's get into what this unlocks in #Web3

Undercollateralized or variable rate lending in #DeFi

Borrower reputation can be established via private data such as credit history

Those with a good reputation can get loans using less collateral &/or lower interest rates
4) MEV-resistant DEXs

Important aspects of orders, such as slippage parameters can be kept private from even the nodes themselves, preventing them from manipulating orders & frontrunning

This allows users to keep more of the value of their trades

#privacy #blockchain #DeFi Image
5) Privacy-preserving Decentralized Identity

Also called anonymous credentials. This could allow people to satisfy KYC/AML laws without revealing their entire identity to everyone

This can also allow #dApps to screen users based on e.g age or country. Ensuring compliance Image
6) Confidential NFTs

The owner of an #NFT gains access to private data such as an image. This could be used to enhance the value of owning an NFT since not every aspect of the token is available publicly

From PFPs to medical data, the use cases are huge

#OasisNetwork #privacy Image
7) Confidential Voting

This could be especially useful for a #DAO, or even government voting

It allows for votes to be held in which voters are not influenced by the votes that were submitted before them, whilst also protecting the voter's #privacy

#blockchain #Web3 #DeFi Image
8) Decentralized Social Platforms

Because these applications run on the #blockchain, they're resistant to censorship & undue control

Many unique features put them ahead of traditional platforms & unlock value where previously impossible, whilst protecting #privacy

#Web3 #Meta Image
9) Collaborative Analytics

Multiple companies or individuals could pool their data and perform a #privacy-preserving analysis whose results are shared within a certain audience

Medical data is worth $32.9B & is desperate for a compliant solution to #DataAnalytics

#OasisNetwork Image
10) Games with hidden on-chain state

#GameFi will be an integral part of #web3 adoption, but several tasks have to be completed off-chain due to needing to keep aspects of state away from other players

Puzzles, strategy, card games & many more would benefit from @OasisProtocol Image
11) Games that rely on random number generation

Through the use of Trusted Execution Environments (TEE), @OasisProtocol can generate random numbers without an oracle

An example would be casinos that require undisputable fairness, RPGs for loot etc

#blockchain #Web3gaming Image
12) Proof-of-humanity

A privacy-preserving user verification system can be implemented that proves a user is human based on uploaded ID documents or attestations from trusted institutions/companies

This could be useful on any #dApp that wants to exclude bots

#OasisNetwork Image
13)Decentralized Confidential Job Marketplaces

Employers & employees use a platform that maintains #privacy for both

Job seekers prove their qualifications without revealing their full identity, while employers don't need to unveil sensitive info, preventing bias

#OasisNetwork Image
14) Decentralized Confidential Insurance

A decentralized insurance platform can be built using TEEs to maintain the #privacy of policyholders personal information & history, while still allowing insurers to assess risk & premiums

Increasing transparency & trust

#OasisNetwork Image
15) Fair Auctions

VCG (sealed bid auctions), 2nd price & candle auctions are examples of fair auction methods that require #privacy

There are endless markets across #Web3 that could benefit from this, with more to come as traditional sectors adopt #blockchain

#OasisNetwork Image
16) Biomedical Data Marketplace

Biometric data from wearing a smartwatch, demographic data, genomic data, blood work data could be uploaded and protected so that only owners of the data can control who accesses it

Data analysts could pay data owners for access

#BigData #Web3 Image
17) Data Science Competitions for Private Data

This would be a decentralized version of @kaggle

Allowing people to offer datasets that competitors can analyse in order to be rewarded

Private data analyses would be performed within a TEE, preserving #privacy

#OasisNetwork Image
18) This list of use cases for @OasisProtocol will hopefully highlight the benefit of confidentiality and customisable #privacy that Oasis Privacy Layer will bring to #Web3

This is the chain that reduces the barriers to large scale #blockchain adoption

#OasisNetwork Image
19) Curious how @OasisProtocol can achieve all of this? This mega thread below on OPL should get you started⬇️

#blockchain #Web3 #Crypto #OasisNetwork
20) How is @OasisProtocol capable of delivering such an undertaking?

Founder @dawnsongtweets is widely regarding as one of the best minds when it comes to #privacy, #blockchain & #AI

This mega thread on her will get you going⬇️

#blockchain #Web3
21) Interested on who is already utilising #privacy from @OasisProtocol?

This mega thread breaks down the #BigTech giants already jumping on board⬇️

#blockchain #AI #Meta #INSTAGRAM #BMW
22) If you're looking to build a platform utilizing this unique #privacy from @OasisProtocol, they have a mostly unspent $235M ecosystem fund from some of the biggest VCs in the space

There is also a #hackathon due to be starting soon

oasisprotocol.org/p4w3-hackathon

#Web3 #blockchain Image
23) And that is the end of the thread on some potential use cases for @OasisProtocol / Sapphire

#blockchain & #Web3 adoption is at its early stages but with exciting times ahead

Thank you!🌹

❗️Please ❤️/RT the first post & follow for more❗️

Credit to @poepmajoor for his help

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More from @ECrypto0

Mar 24, 2023
Identifying projects that will be integral to the future of #Web3 & #Crypto is vital for your portfolio

@OasisProtocol, $ROSE & founder Dawn Song, have partnerships, backers and connections that will blow your mind

Mega Thread below🧵✏️⬇️

Like, RT, Follow and @ tag friends🌹 Image
2) @Meta X @OasisProtocol

For over 2 years they have worked on developing fairness in their #AI

@OasisProtocol is @Meta's chosen technology partner & worth remembering that Meta approached Oasis

I'd be confident in saying this runs deeper than just AI 👀

$ROSE #ChatGPT Image
3) @Google X @OasisProtocol

Bringing the best in data #privacy technology to companies who essentially deal with sensitive information in large volumes

It will encourage & expand support for innovative applications that are computing & memory-intensive

#BigData #AI $ROSE Image
Read 28 tweets
Feb 21, 2023
Following the right founders in #crypto is key

Prof. Dawn Song of @OasisLabs / @OasisProtocol has a background you simply can’t ignore

This is one you need to read⬇️

Mega Thread 🧵

#OasisNetwork $ROSE #BigData #AI #privacy Image
2) Dawn is a world renowned Professor of Computer Science from @UCBerkeley in the US

She has dedicated her career to #blockchain , cyber security, #DataPrivacy and #AI, amongst many other fields

Many believe @dawnsongtweets to be one of the greatest minds in #web3

Here is why
3) To start, Dawn’s educational background:

B.S. from @Tsinghua_Uni - Rank 1 in China
M.S. from @CarnegieMellon
Ph.D from @UCBerkeley - Top 10 in the world

These institutions educated the likes of @stevewoz , @ericschmidt, Xi Jinping and many more

#OasisNetwork $ROSE Image
Read 17 tweets
Feb 14, 2023
So @oasisprotocols latest product, the Oasis Privacy Layer (OPL) is here to change #web3 for the better.

Understanding the magnitude of this development for the industry can be challenging, so here is my attempt to break it down

Mega Thread🧵Read on

#privacy #AI #BigData $ROSE
2) In order to understand OPL, we first need to start with the Oasis Sapphire paratime.

Sapphire is the first and only confidential #EVM network for #web3.

What does it mean to be a confidential EVM though?
3) Essentially what this means is that Sapphire has the ability to create confidential smart contracts. Smart contracts with the ability to hide aspects of state.

Hiding aspects of state vastly expands what can be done with smart contracts enabling more sophisticated use cases
Read 18 tweets

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