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NuCypher (NKMS) [ICO / Presale Profile]

NuCypher is a data privacy layer for blockchain and decentralized applications (dApps). Through proxy re-encryption it enables dApp developers and enterprises to secure data. Proxy re-encryption is a type of public-key encryption whereby a proxy entity transforms ciphertexts from one public key to another without knowing anything about the underlying message.

The company believes its key management system (KMS) will be a key element to secure dApps in the same way that SSL/TLS is a part of secure web applications.

Use Case Example:

A project building a dApp in the medical industry is using IPFS (InterPlanetary File System) to store a patient’s medical records. NuCypher’s technology provides a way for these records to still be private, confidential, and encrypted but still sharable with appropriate parties such as with the patient’s doctor or hospitable.

TOKEN SALE / ICO

Symbol: NKMS
Token Sale Date: TBA

Presale:  $4.3 million sold
Minimum Financing:  TBA
Hard Cap: TBA
Token Supply:  TBA

Whitelist:  According to the NuCypher chat as of April 21, 2018, NuCypher has not officially begun whitelisting.  The company will utilize Coinlist’s ComplyAPI for KYC.

Being in the Telegram channel or mailing list (although this does not guarantee a whitelist) . A time stamp on everyone’s entry will determine their spot in addition to commitment to operate a node.

  1. Additional details will be announced after the testnet is live.

Platform: ERC-20. NuCypher is a layer that sits on top of Ethereum but it is its own separate network.

PARTNERS

NuCypher has announced partnerships with Origin, Medibloc, Datum, Iryo, Wolk

ADDITIONAL INFO 

Potential use cases listed in NuCypher’s primer include:

  • 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 apps
  • Shared credentials and enterprise password management
  • Mandatory access logging
  • Mobile device management (MDM) and revocation

Re-encryption Nodes

The re-encryption nodes in the network will require NuCuypher tokens to be staked. If a node is misbehaving, it can be challenged and have its stake forfeited.

EVENTS

June 13, 2017:  Announcement of open source availability of NuCypher Kafka

Feb. 17, 2018:  ETHDenver – Umbral showcase and Main Stage presentation

March 16, 2018:  TokenFest – Lightning talk by MacLane Wilkison

March 17-18, 2018:  MIT Bitcoin Expo

March 21, 2018:  Announcement of Umbrel fufillment,  a threshold proxy re-encryption scheme that powers the NuCypher KMS network

March 30, 2018:  Silicon Valley Global Blockchain Investment Summit – Featured Panelist MacLane Wilkison

April 4, 2018:  Global Big Data Conference – Keynote by Michael Egorov

April 17: Blockchain Silicon Valley Conference – Presentation by MacLane Wilkison

April 18:  DataEngConf – Presentation by MacLane Wilkison

April 20:  MacLane Wilkison was a guest on the Daily Crypto Podcast

April 23:  Announcement of joining Enterprise Ethereum Alliance

TEAM

MacLane Wilkison – Co-founder, CEO (Former software engineer. Former Investment Banker at Morgan Stanley – LinkedIn)
Michael Egorov, PHD – Co-founder, CTO (Former senior software engineer at LinkedIn – LinkedIn)

David Nuñez, PhD – Cryptographer (LinkedIn)
John Pacific – Cryptographic Engineer (LinkedIn)
Justin Myles Holmes – Engineer
Sergey Zotov – Consultant (LinkedIn)
Kieran Prasch – Engineer (LinkedIn)

ADVISORS
Prof. Dave Evans – Univeristy of Virginia (LinkedIn)
Prof. Giuseppe Ateniese –  Stevens Institute of Technology
John Bantleman  –  Rainstor (LinkedIn)
Tony Bishop  –  Equinix (Linkedin)

INVESTORS

NuCypher’s presale was completed in 2017. The website lists 15 investors.

ROADMAP

N/A as of April 24, 2018

REVIEWS

Diddy Carter: A+

Midgard Research: 9 out of 10 “We expect both short-term and long-term growth from NuCypher because of a solid list of their partners and technology advantage.”

Tech Insider:  3.4 out of 5

MoNoico:  8 out of 10

ICO-Check: “Crowdsale after mainnet (Product will be functional on the Main network)”

Coindesk: “7 Tokens Investors Are Talking About”

COMMUNITY/INFO

Website / Github / Whitepaper / Business Primer / Dischord / RedditTwitterTelegram / Medium

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