Introducing Ruby V2
Our new chapter begins now.
To build privacy & access control is to develop a mindset that embraces constant changes and evolution. The diversity of data needs, the density of its technical landscape, and the growing incumbent system keep pushing us forward and beyond the known territory.
After all, nobody can triumph standing still.
Since our earliest days, and through trials and errors, we have been developing solution after solution to tackle the challenges associated with privacy and access control. To say the least, this has been an invaluable learning experience.
- In 2021, after establishing Ruby Protocol, we released Functional Encryption Library V1.0 and completed and had the Milestone 1 of our Web3 Foundation Ecosystem Grant approved.
- In June 2022, Web3 Grant accepted our milestone 2 delivery.
- Finally, in Dec 2022, Ruby Protocol launched its playground solution — Ruby Connect, and later developed it to be compatible with multiple ecosystems.
Ruby Protocol’s past achievements can be summarized as the following:
Functional Encryption Library V1.0 Released [COMPLETED]
Web3 Foundation Grant milestone 1 approved [COMPLETED]
Micropayment Scheme and Relevant Substrate Module Released [COMPLETED]
Web3 Foundation Grant milestone 2 approved [COMPLETED]
Substrate Builders Program application [COMPLETED]
Private Payment of Ruby Connect Testnet Launched [COMPLETED]
Deployment of Ruby Connect on Polygon and BNB Chain [COMPLETED]
Deployment of Ruby Connect on Optimism and Arbitrum [COMPLETED]
And with the experience comes rapid growth in our brand and product popularity. Therefore, and in order to better serve you and many more who will be conscious of their privacy, we are now introducing Ruby V2
Read on, and you will find a new and better Ruby Protocol.
An Enhanced Position
As mentioned, the diversity of today’s data needs and the density of the technical landscape necessitate systematic thinking when it comes to solving such issues, which is why we are now upgrading Ruby Protocol to a programmable privacy & access control middleware framework encrypted with zero-knowledge proofs (zkp) algorithms.
With the new positioning, we update Ruby Protocol’s official website and are now bringing zero-knowledge proofs (zkp) algorithms into full play to allow our users to interact with added-value digital services while protecting the privacy of their data. In addition, zkp incorporation will provide flexibility and choice to whoever wants control and freedom over their information.
And driven by Account Abstraction, Ruby Protocol is building an access control gateway across different entities and organizations in DeFi and Web3. The solutions and products include all kinds of private tokenization (zkToken, zkNFT, zkDID, etc.), private payment bridge (zkConnect), authentication (zkAuth), and account/sub-account system (zkWallet), etc.
The Solution Matrix
Before this evolution, Ruby Protocol was best known as a private data management framework for Web 3.0 and a Layer 2 application. We managed to improve the experience and address the most fundamental need of the crypto space, which is to enforce value transfer with privacy and to enable cross-chain privacy-preserving access control while protecting your assets and on-chain data.
Today, we are expanding Ruby Protocol by introducing our unique product and solution matrix. The assets, products, and services listed above comprise a solid structure upon which we can build a full suite of cryptographic privacy and access control infrastructure.
- Ruby zkConnect is a secure payment method that conceals transactions based on the Zether framework. It can be combined with Ruby zkAuth in the future to enable private transfers across chains. It will customize the keys to reveal the transaction details you want to see, such as addresses, input, output, or identity.
- Ruby zkAuth is the cornerstone of Ruby Protocol and contains two fundamental features: Proof of Access and Key Management. Proof of Access is to determine whether the user has Access rights, and Key Management is responsible for managing Private keys used for Access.
- Ruby zkWallet is the next phase of our roadmap, which is to perform control over sub-accounts via EOA, each of which is a contract account. This Ruby Auth-based application allows users to easily manage EOA private keys, significantly improving user experiences. Simultaneously, It can be used to abstract the NFT-controlled subaccounts. As a result, we can greatly improve account privacy and security by managing sub-accounts and authorizing assets.
Expanding User Cases
We created Ruby Protocol because we believe privacy and the inborn right to control and protect it are timeless. As the technology matures and this industry grows, we begin to see an intense yearning for privacy and access control in all strata of the crypto space.
- Individuals need it to create a safe space, monetarily and psychologically.
- Businesses need it to stay attuned to the technological culture and offer reliable and trustworthy services.
- And collectively, as a community, we need it to accelerate Web3.
We now envision a future in which Ruby is the privacy layer of Web3, putting the actual owners in control and simultaneously being immutable, affordable, and malleable to the most cutting-edge ideas.
We already have a considerable user base using Ruby Connect to exert control over their assets and information. Further, we also anticipate that more end users and tech companies will leverage our new solution matrix to access some of our crypto infrastructure’s benefits.
What is Coming?
Besides what is mentioned above, we will gradually update Ruby Protocol’s materials, including our website, technical documents, GitHub, and solution details to shine more light on The Next Evolution of Privacy.
And to be more action-based and help you visualize how our product will evolve, we will formulate a new roadmap to keep our granular day-to-day tasks and projects aligned with the high-level business goals.
Naysayers say this is difficult. Of course, it is difficult. That is the whole point.
Stay tuned for more.
About Us
Ruby Protocol is a programmable privacy & access control middleware framework encrypted with zero-knowledge proofs (zkp) algorithms.
Driven by abstract accounts, it builds an access control gateway across different entities and organizations in DeFi and Web3. The solutions and products include all kinds of private tokenization (zkToken, zkNFT, zkDID, etc), private payment bridge (zkConnect), authentication (zkAuth) and account/sub- account system (zkWallet), etc.
