Ruby Protocol — Strategic Partnership With Dojima Network
To all Rubies,
We are thrilled to welcome another strategic partner to the Ruby Protocol ecosystem.
Dojima Network is a blockchain technology project that aims to develop a cross-chain infrastructure that will enable interoperability between different blockchains in combination with a middle-ground called a unity chain that will allow developers and users from independent blockchains to meet and interact.
Cross-chain technology has seen rapid development in recent years as an essential technology to realize interoperability, interconnection, and value transfer. However, cross-chain technology still faces many risks that hinder its practical application.
Ruby Protocol utilizes Functional Encryption (FE), a leading-edge cryptographic solution enabling users to encrypt sensitive information on-chain. This solution is well-positioned to protect crypto users in day-to-day operations.
Crypto space already exists in different ecosystems, requiring us to be widely compatible. The services of Ruby Protocol can coexist with other blockchains, including Polkadot, Ethereum, BNB Chain, Solana, Avalanche, Polygon, etc., making us a perfect privacy and data management solution for cross-chain projects.
We are super excited about working with Dojima Network because this will be a reciprocal partnership that makes both projects more secure and forms an experimental space where we can explore different options and address future risks.
About Us
Ruby Protocol is a cross-chain, privacy-first infrastructure, powered by Polkadot. Our layer-1 protocol utilizes Functional Encryption (FE) cryptography, which allows users to adopt a modular approach to data privacy and ownership. This novel solution will allow users to encrypt sensitive information on-chain, which can only be decrypted by holders of an approved private key.
Ruby’s FE Substrate-pallet will serve as the building blocks for privacy-first smart contract DApps building on the native Ruby Chain, while also acting as a privacy layer for Parachains and Web3 DApps across the Polkadot ecosystem.
