The startup offers a private data management platform for Web 3 that utilizes functional encryption to enable users to maintain ownership and control over their personal data. By implementing a fine-grained approach to data monetization, the platform allows individuals to protect their privacy while engaging with decentralized applications.
Funding
$7.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DSFounders
Product
Problem
Web3 users often struggle to maintain control over their personal data when interacting with decentralized applications, leading to privacy concerns and potential misuse of sensitive information. Existing solutions lack the granularity to selectively share data while preserving overall privacy.
Solution
Ruby Protocol provides an intent-centric account and access layer for Web3, enabling users to manage and control their data with fine-grained privacy settings. The protocol leverages functional encryption and zero-knowledge proofs to allow users to selectively reveal information, ensuring data confidentiality during KYC, on-chain payments, and access control scenarios. Ruby Protocol's infrastructure supports account abstraction, asset bridging, and access control, creating a seamless and privacy-preserving experience across multiple blockchains. The Ruby SDK empowers developers to easily integrate privacy and access control features into their dApps, promoting a more secure and user-centric Web3 ecosystem.
Target Audience
The primary target audience includes Web3 developers seeking to enhance the privacy and security of their dApps, as well as users who want greater control over their personal data and digital assets.
Features
- Account Abstraction (AA) simplifies wallet management using Multi-Party Computation (MPC) technology for key recovery and non-custodial asset control.
- Ruby Connect facilitates private crypto transfers using zero-knowledge proofs to shield transaction data.
- Ruby SDK enables developers to enforce privacy and access control policies within their dApps.
- Functional encryption allows customizable key management to reveal specific transaction details as needed.
- Supports NFT-gated and DID-gated access to digital and physical experiences.
- Compatible with LayerZero for cross-chain interoperability, enabling omnichain applications.
- Offers solutions for on-chain private payments, asset management, off-chain data management, and privacy-preserving cloud computing.