Stories by INTMAX on Medium


<figure><img alt="" src="https://cdn-images-1.medium.com/max/960/1*_heu-urwBIUNa4CRYLUjgQ.jpeg"></figure><p>The history of financial privacy has followed a very peculiar path. Throughout history, information about how much wealth one possessed and in what form has always been highly sensitive from a security standpoint. There has never been an era when governments or those in power had extensive knowledge of citizens’ assets. In that sense, the current era can be considered an anomaly. Most assets have been digitized, and a single enormous power can now track the assets of citizens across national borders. We must adopt a more macro perspective on this unprecedented historical situation. Deciding how to address this situation solely based on reasons such as potentially violating the laws of some countries or being slightly unfavorable to current methods of maintaining society is akin to gouging out one’s eyes because they itch.</p>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*bnSPCGOqA6Wy7ddJ"></figure><p>We must realize this financial privacy as quickly as possible in a way that as many people as possible can agree upon. To achieve this, we need to swiftly create privacy among citizens in a manner that adheres as closely as possible to current legal regulations, that is, in a way that is unfriendly to criminals and criminal states. If we cannot create privacy in this era, the next opportunity may not come for a very long time. How can we provide a privacy protocol that is unfriendly to criminals? At Intmax, careful and multilayered measures are taken in three ways.</p>
<ol>
<li>The first is the decentralized utilization of chain analysis tools. Chain analysis tools can basically be viewed as a special method of operating full nodes, and this can be used to reach consensus among multiple nodes and impose restrictions on deposits. Incorporating decentralized chain analysis tools like Aethos provides fairer restrictions. This means introducing permissions at the gateway for deposits from Layer 1 to Intmax Layer 2, but of course, it does not affect the permissionless nature within Layer 2.</li>
<li>The second is a method of AML (Anti-Money Laundering) using ZKP (Zero-Knowledge Proof) that we call “Proof of Innocence.” This allows users to freely choose the Anonymity Set that becomes the input for the ZKP circuit, enabling them to prove that their deposit source is “one of these innocent addresses” or “not among these suspicious addresses.” This can be considered the same as the method described in the so-called Privacy Pools proposed in 2023 by Vitalik Buterin, Ameen Soleimani, and researchers from ChainAnalysis.</li>
<li>The third is simply limiting the deposit amount. This is very simple but effective. When creating privacy among citizens, there isn’t much need to provide means to easily conceal very large amounts, such as $100M. This deposit limit will be dynamically adjusted based on protocol decisions, but it will always serve as an effective barrier governing the protocol.</li>
</ol>
<p>Intmax’s protocol creates a new era of privacy in the crypto space. Combined with our pursuit of scaling technology, it offers privacy that is inexpensive, stable, and minimizes social friction during the transition period.</p>
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Compliant Privacy among Citizens


<figure><img alt="" src="https://cdn-images-1.medium.com/max/700/0*xco4P-rNQfhTag_O.png"></figure><p>AI for U, a leading AI company in Japan, and INTMAX Stateless Ethereum Layer 2, announced a strategic partnership today aimed at enhancing data security for generative AI.</p>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/700/0*PV6A5BI03eO1wdt3"></figure><p>By leveraging INTMAX’s advanced cryptography and privacy technology, AI for U will provide secure encrypted Retrieval-Augmented Generation (RAG). This will significantly reduce the risk of data breaches and unauthorized access for businesses and individuals using generative AI.</p>
<h3>Challenges Faced by Businesses</h3>
<p>Many companies face significant challenges regarding data security and privacy when using generative AI, particularly when handling sensitive information. The risk of data leakage and unauthorized access is a major concern, impacting regulatory compliance and customer trust.</p>
<h3>Introducing Encrypted RAG</h3>
<p>This partnership allows AI for U to integrate INTMAX’s cryptographic technology into their RAG model. RAG enhances generative AI performance by retrieving information from external knowledge databases and incorporating it into the generation process. Encrypting this data prevents information leaks and protects user privacy.</p>
<h3>Advantages of INTMAX’s Technology</h3>
<p>INTMAX’s team employs cutting-edge technologies like Zero-Knowledge Proofs and Homomorphic Encryption to ensure data integrity and confidentiality. This allows for data processing while it remains encrypted, minimizing security risks. Stateless approach allows to make the system most efficiently scalable regardless of number of users and private at the same time.</p>
<blockquote><em>With the evolution of generative AI, data security is increasingly important. Our partnership with INTMAX ensures the highest level of security for our clients, enabling reliable generative AI solutions.</em></blockquote>
<blockquote><strong><em>Shunsuke Hayashii Co-Founder of AI for U’s:</em></strong></blockquote>
<blockquote><em>Our encryption technology is highly regarded by global companies. Through our collaboration with AI for U, we aim to further enhance data security in generative AI usage, providing a secure environment for more users.</em></blockquote>
<blockquote>
<strong><em>Leona Hioki Co-Founder of INTMAX</em></strong><em>:</em>
</blockquote>
<h3>Expected Impact</h3>
<p>The encrypted RAG provided through this partnership is expected to significantly contribute to protecting corporate and personal information. AI for U and INTMAX are committed to offering secure and reliable generative AI solutions, reinforcing their cooperation in this mission.</p>
<h3>About AI for U</h3>
<p>AI for U Co., Ltd. is a leading generative AI technology company based in Japan, committed to democratizing AI. Company provides AI solutions and education tailored to various industries, supporting businesses in their AI transformation efforts.</p>
<p>For more details: <a href="https://www.ai4u.co.jp/">https://www.ai4u.co.jp/</a></p>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/544/0*veLAYtsK_SYO6lb0"></figure><p><strong>Co-Founder and Director:</strong> Shunsuke Hayashi</p>
<p><strong>Address:</strong> AI for U Co., Ltd., 141–0021, MG Meguro Ekimae Building ROOM817, Kamiosaki 2–15–19, Shinagawa-ku, Tokyo, Japan<br><a href="https://www.ai4u.co.jp/">https://www.ai4u.co.jp/</a></p>
<h3>About INTMAX</h3>
<p><strong>Co-Founders:</strong> Leona Hioki, Mai Fujimoto</p>
<p><strong>Address:</strong> Hirschengraben 40, 6003 Lucerne, Switzerland<br><a href="https://www.intmax.io/">https://www.intmax.io/</a></p>
<h3>Contact Information</h3>
<p>For inquiries, please contact:</p>
<p><strong>AI for U Public Relations Department<br></strong><a href="https://www.ai4u.co.jp/">https://www.ai4u.co.jp/<br></a>Email: pr@ai4u.co.jp</p>
<p><strong>INTMAX Public Relations Department<br></strong><a href="https://www.intmax.io/">https://www.intmax.io/<br></a>Email: pr@intmax.com</p>
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<p><a href="https://medium.com/intmax/ai-for-u-and-intmax-announce-partnership-to-enhance-data-security-in-generative-ai-58b13242e055">AI for U and INTMAX Announce Partnership to Enhance Data Security in Generative AI</a> was originally published in <a href="https://medium.com/intmax">INTMAX</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


AI for U and INTMAX Announce Partnership to Enhance Data Security in Generative AI


<p>Ethereum network usage continues to grow, there is a greater need for scalable solutions, and Plasma technology is a significant development in blockchain scalability and efficiency. Plasma provides a framework that allows transactions to be processed off-chain, significantly reducing the load on the main blockchain and enabling faster, cheaper transactions.</p>
<figure><img alt="" src="https://cdn-images-1.medium.com/max/700/0*bKIlff10KKSiuUEv.jpeg"></figure><h3>Understanding Plasma Technology</h3>
<p>Plasma enhances blockchain scalability by creating a structure of child chains, known as Plasma chains, anchored to the Ethereum chain. These child chains handle transactions independently and periodically commit their state back to the main chain, ensuring security and data integrity.</p>
<ul>
<li>Tree-like Structure: Plasma chains operate as secondary blockchains that handle transactions off the main Ethereum chain. This helps distribute the transaction load, reducing congestion on the main network.</li>
<li>State Commitments: Plasma chains periodically submit a summary of their transactions to the main chain as state commitments, which serve as cryptographic proofs that validate the transactions.</li>
<li>Fraud Proofs: To maintain security, Plasma chains use fraud proofs to arbitrate disputes and ensure the validity of state transitions. These proofs help prevent malicious activities like double-spending.</li>
</ul>
<p>Plasma offers several advantages that make it an especially promising solution for blockchain scalability:</p>
<ul>
<li>High Transaction Throughput at Low Cost: By processing most transactions off-chain, Plasma significantly increases transaction throughput while keeping costs low, making it ideal for applications requiring high transaction volumes.</li>
<li>Enhanced Security: Plasma chains rely on fraud proofs and state commitments to ensure transaction integrity. This provides a robust security layer, making Plasma chains as secure as the main Ethereum chain.</li>
<li>Reduced Load on Mainnet: By offloading transactions from the main Ethereum chain, Plasma helps reduce congestion and improves the overall efficiency of the network, leading to faster transaction times and a better user experience.</li>
</ul>
<h3>Plasma Technology’s Benefits in Scalability and Security</h3>
<p>Plasma technology offers a unique approach to addressing Ethereum’s <strong>scalability</strong> issues by processing transactions off-chain and reducing the load on the mainnet. Compared to other Layer 2 solutions such as rollups and state channels, Plasma provides distinct advantages in efficiency and security. While rollups use cryptographic proofs to ensure transaction validity, Plasma chains use a combination of state commitments and fraud proofs. By offloading transaction processing to child chains, Plasma enhances Ethereum’s capacity to handle a larger volume of transactions without compromising speed or security. This makes it an ideal solution for applications that require high scalability, such as decentralized exchanges and financial services platforms.</p>
<p>One of Plasma technology’s other key strengths is its ability to maintain <strong>security and data integrity</strong> through fraud proofs and state commitments. Fraud proofs are essential for arbitrating disputes and preventing malicious activities such as double-spending. When a dispute arises, participants can submit fraud proofs to demonstrate the invalidity of a transaction, ensuring that the system remains secure even in the presence of malicious actors. State commitments involve periodically submitting the state of the Plasma chain to the main Ethereum chain. These commitments serve as cryptographic proofs that validate the transactions processed on the Plasma chain, providing an additional layer of security. This mechanism ensures that the data integrity of the Plasma chain is maintained, even if the mainnet experiences congestion or other issues.</p>
<h3>Real-World Applications of Plasma Technology</h3>
<p>The adoption of Plasma technology is growing, with various entities leveraging its capabilities to enhance their blockchain applications. Projects like Polygon, OmiseGO, LeapDAO, Fantom, and Loom Network are already benefiting from Plasma’s scalability and efficiency. Here’s how they’re using it:</p>
<h3>Financial Transactions</h3>
<p>Plasma technology has seen significant adoption in financial transactions due to its ability to handle high volumes efficiently and securely. OmiseGO (OMG Network) uses Plasma to provide a scalable platform for real-time, peer-to-peer exchanges and payments. With Plasma, OmiseGO can process transactions off-chain, reducing congestion and fees.</p>
<p>Fantom integrates Plasma technology to enhance its DeFi ecosystem. Fantom’s use of Plasma allows for fast and low-cost transactions, which is important for high-frequency trading and complex operations typical in DeFi. This integration significantly improves the user experience by providing near-instant transaction finality and reduced costs.</p>
<h3>Other dApps</h3>
<p>Plasma is also instrumental in developing scalable dApps of all stripes. LeapDAO implements Plasma to build scalable dApps with high security and efficiency; by processing transactions off-chain and periodically committing state updates to the Ethereum mainnet, LeapDAO ensures that dApps can operate smoothly without the bottlenecks associated with on-chain transactions.</p>
<p>Loom Network’s Gluon Plasma supports the deployment of high-throughput dApps, especially in gaming and social applications. The use of Plasma enables these dApps to handle large numbers of transactions simultaneously, providing a seamless user experience. Faster transaction times and lower fees are essential for maintaining user engagement and satisfaction in gaming dApps especially.</p>
<p>The growing adoption of Plasma technology by entities such as Polygon, OmiseGO, LeapDAO, Fantom, and Loom Network highlights its potential to dramatically improve various sectors, including finance, gaming, and other dApps. And ongoing development promises further enhancements in scalability and security. Researchers and developers are continuously exploring new ways to optimize Plasma’s performance and address its limitations. Innovations such as more efficient fraud proofs and improved state commitment mechanisms are expected to make Plasma even more robust and scalable in the future.</p>
<p>Plasma technology has emerged as a powerful tool for enhancing blockchain scalability and efficiency. Through its innovative approach to off-chain transaction processing, Plasma addresses some of the most important challenges facing blockchain networks today. INTMAX champions the vision of Plasma, leveraging its significant improvements in transaction speed, cost efficiency, and security, all while maintaining high standards of privacy.</p>
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<p><a href="https://medium.com/intmax/how-crypto-projects-unlock-the-potential-of-plasma-f278926a1184">How Crypto Projects Unlock the Potential of Plasma</a> was originally published in <a href="https://medium.com/intmax">INTMAX</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>


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