Blockchain users are always looking for new features. The NFT precisely allow users to open up to different uses of tokens digital. In order to allow them to take advantage of technological innovations, Oasis Network has set up NFTs confidential.
Confidential NFTs: what are we talking about?
Oasis features confidential NFTs that are similar to regular NFTs in terms of how they work. According to the website medium.com, their specificities lie in the fact that they are based on strictly private data. No one can access it, not even those who control the network.
NFTs work on Plot, Oasis’ privacy protection technology. They allow developers to set up NFTs that contain data accessible only under specific conditions. Indeed, Parcel does not only hold access rights to the data saved on the NFTs. This technology also offers different possibilities to developers.
In which case is it interesting to use the confidential NFTs of the Oasis project?
Thanks to confidential NFTs, a developer can, for example, protect the licenses of his software. They can indeed be transmitted in the form of confidential NFTs. In this case, the license will only be accessible to the owner of the NFT. This is an effective way to prevent the copying or creation of a fake license. This process facilitates at the same time the access to the software, while protecting it.
These NFTs pay attention to privacy and also allow companies to optimize access control to their private data. The goal is to prevent data leaks. Only the owner of the NFT receives the specific information and its functionalities.
In the context of a particular use, confidential NFTs also offer numerous advantages. In particular, they make it possible to offer access cards for direct webinars. This use of NFTs prevents fake accounts from participating. This also reduces the risk of hacking since the organizer will be able to verify each attendee’s account.
By the way, it is possible to use confidential NFTs for premium membership on streaming platforms (like Netflix and Prime Video). Access to the content will indeed be controlled. It will also benefit from optimal protection, as will user data.
NFTs from Oasis help ensure privacy and broaden the horizons of users. The most important remains the possibility of optimizing security, by prohibiting to non-owners access to certain information. Everyone can now benefit from this enhanced security.
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