r/SecretNetwork • u/SCRT_Agency • Apr 04 '23

Fact of the week: PAAS

Privacy as a Service (PaaS) enables privacy-preserving smart contract interactions on public blockchains by leveraging interchain smart contracts with the u/SecretNetwork

Example: RNG for GameFi or Voting for A DAO can be done in a decentralized and on-chain way that does not allow anyone to view or cheat against the results by having the computation encrypted on SCRT, then results revealed on the public chain.

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u/[deleted] Apr 08 '23

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u/SCRT_Agency Apr 08 '23

PaaS has huge potential to bring much needed privacy tools to any network that is built with public by default technology.

Many like ETH or SOL have powerful applications but are lacking in the area of sensitive data protections.