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PetNet, a decentralized network created to execute computations on encrypted data without disclosing it, has officially launched. The nodes within the network are managed by corporate entities.
Nillion has introduced PetNet, a decentralized computational network that processes data without decryption and without allowing operators to access its contents. The infrastructure of PetNet is designed to carry out computational tasks in a distributed setting without the necessity of decrypting information. Major corporate operators, including Deutsche Telekom, Alibaba Group, Saudi Telecom Company, and Vodafone, already support PetNet nodes.
The announcement indicated that over 35 billion records containing personal, financial, medical, or other sensitive information were breached in 2024. The average cost incurred by companies from a single security breach was $4.88 million.
In the architecture of PetNet, data is divided into encrypted fragments prior to computation and distributed among nilDB nodes. Computations take place within the nilCC trusted execution environment (TEE). At every stage, the exposure of data in plaintext is entirely prevented.
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Each node accesses only a segment of the data, eliminating the necessity for a central trusted authority. The network’s structure guarantees security. Operators supply computational resources, maintain node availability, and ensure adherence to the requirements of the distributed network.
Potential applications include:
- analysis of network metrics without accessing user data in the telecommunications industry;
- anomaly detection and risk evaluation on encrypted data in the financial sector;
- collaborative computations on medical datasets without disclosing personal information in healthcare and beyond.
PetNet offers configurable security levels, options between corporate and independent operators, and the possibility of private hosting.
PetNet can be categorized as a DePIN project, which in 2025 continues to be one of the most sought-after sectors within the Web3 industry. For instance, by September 2024, there were approximately 1,500 active projects in this domain with a combined market capitalization exceeding $50 billion.
The message Decentralized Network for Enterprise-Grade Private Computation Launched first appeared on CoinsPaid Media.
