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NuCypher: Building Scalable Privacy in Blockchains

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MacLane Wilkison from NuCypher joined Zach DeWitt to talk about scalable privacy and data control in public blockchains. A Y Combinator alumnus, NuCypher is proxy re-encryption for modern blockchain technology. That is, it allows a central controller to encrypt data held on public blockchain systems, like IPFS, using a public key, with the ability to generate special, private decryption keys to authorize access to others. It’s akin to public-key encryption but much more scalable. MacLane had a lot of great insights about blockchain data security: Blockchains are transparent ledgers that will require data privacy tools. While the most well-known blockchain implementations are cryptocurrencies like Bitcoin, there are a variety of uses for blockchains, such as decentralized online file storage. These use cases are attractive to lots of organizations, but they’ll need to ensure that the data can remain private in an otherwise transparent ledger before they can begin to use them. NuCypher is an infrastructure-leve