NuCypher ICO

RATE: 7.7/10

Good infrastructure with usable utility, Elite in industry and top notched community support. But the bad thing is founders have no evidence of legitimacy, Merchant and the partnerships limited only to blockchain projects

The NuCypher ICO and NKMS Token provide a decentralized key management system (KMS), encryption, and get right of entry to manage service to addressthe inadequacies of contemporary records encryption mechanisms. The provider permits personal statistics sharing between any number of participants via public consensus networks, the usage of proxy re-encryption (PRE) to delegate decryption rights in a way that can’t be finished by regularpublic-key encryption techniques.

NuCypher leverages a community of nodes that furnish re-encryption services. NKMS tokens are used to incentivize community members as they control keys and delegation/revocation operations.

The NuCypher ICO (NKMS Token) is adding to blockchain technology part of the foundation on which the whole concept of decentralization must rest. Key management systems within the discipline of cryptography is almost shocking that they haven’t found their way into the cryptocurrency mainstream as a third-party add-on. With the advent of decentralization and the continuing threat elevation against systems and architectures, NuCypher should be well-positioned to exploit first-mover advantage – although its lack of a roadmap for adoption is a major concern.

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