Shiba Inu (SHIB) Makes Another Major Move, Announces Partnership With Zama

Shiba Inu marketing lead and exec, Lucie, took to the X (formerly Twitter) platform to inform the SHIB community of an exciting new partnership.

Shiba Inu has announced a new partnership with Zama, a company that specializes in Fully Homomorphic Encryption (FHE) solutions. This partnership marks a significant step in the meme coin’s evolution as it moves towards becoming a mainstream investment option.

Shiba Inu marketing lead and exec, Lucie, announced the partnership on X (formerly Twitter) with a post that highlights the partnership’s alignment with the team’s vision to create a Fully Homomorphic Encryption (FHE) system.

Lucie explained how the partnership will benefit Shiba Inu in a follow-up post, highlighting several key applications for the technology.

One application is the creation of confidential smart contracts that can carry out their functions without making any sensitive data or information public. Another application is for non-fungible token (NFT) auctions, where FHE allows investors to make private bids on an NFT without revealing it to the public. Eventually, only the winning bid is made public, ensuring the privacy of bidders long after the auction is over.

Other applications include securing data analysis by allowing for pooled data analysis, encrypted key signing which helps to enhance security when carrying out cross-chain transactions, and facilitating investments in assets without disclosing the information of the investors, a major concern in the Real-World Asset industry.

When it comes to Shiba Inu itself, Lucie outlined how the partnership with Zama will benefit the project. For one, the marketing lead explains that the partnership will help to open the door for new use cases for the ecosystem’s projects. This ranges from BONE to TREAT, as well as the upcoming Metaverse game and the Shidentity program.

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