🔥 An essential Blockchain puzzle ——— @mindnetwork_xyz on-chain encryption message protocol

With the introduction of blockchain-friendly policies in the United States and Hong Kong, the on-chain of real-world assets has become an inevitable trend. But currently, the Blockchain still has several "shortcomings": 1️⃣ Can't understand what the transaction "wants to say" Currently, the blockchain only records "who transferred how much money to whom", but does not know the purpose of the money, the identity of the parties involved, and the terms of the contract, lacking a layer of "written explanation". 2️⃣ All details are exposed to the sunlight Mainstream blockchains do not have encryption protection, and transaction data is public to everyone. It would be quite awkward to handle sensitive information like payrolls and medical bills 😂. 3️⃣ Missing compliance "voucher package" Traditional remittances come with materials such as letters of credit and invoices, which can only be released after bank review. It is currently very difficult for Blockchain to bring structured proof onto the chain. To address the above shortcomings, Mind Network has launched the Encrypted Messaging Onchain protocol, aiming to create a "crypto version of SWIFT" to help financial institutions exchange information securely and compliantly on the blockchain. Unlike the existing on-chain transactions that only involve "address + amount", the on-chain encrypted messaging protocol automatically splits natural language speech or text into structured fields similar to SWIFT MT103. Users generate a dedicated key by signing with their Web3 wallet, completing end-to-end encryption. The entire process can continue to use the existing Web3 wallet private key for signing, making it very convenient. The encrypted message can be directly written onto the chain for permanent storage or can be encrypted and hosted, decrypted only when needed. Each access will leave an auditable record, facilitating compliance checks. In addition, the protocol is fully compatible with the EVM ecosystem such as Ethereum, allowing it to be integrated into existing chains and smart contract systems like a plugin, without the need for large-scale modifications. In short, it allows important details such as "who is paying, why they are paying, and on what basis they are paying" to be securely, privately, and standardizedly circulated along with the transaction, paving a compliant highway for traditional financial institutions to connect with the Blockchain. So, what are the application scenarios of on-chain encrypted messaging protocols? 1️⃣ Smart Agent Interaction After the AI agent securely reads the encrypted semantics, it automatically executes on-chain operations such as liquidation, staking, or payment, which is an important component of AgentFi. 2️⃣ RWA Tokenization It can attach a "crypto specification" to real-world assets such as real estate, packaging ownership, valuation, and compliance information on the blockchain, making asset circulation more transparent and regulation more reassuring. 2️⃣ Stablecoin cross-border payment Encrypt the purpose of the remittance, the recipient information, and other details into the transaction record, so that companies will no longer be flustered when conducting audits or responding to regulatory inspections. 3️⃣ Letter of Credit and Loans Banks can mint letters of credit as NFTs, attaching contract terms and encrypted voice, reducing the risks of financing fraud and document forgery. 4️⃣ Trade Document Management Crypto orders, logistics orders, invoices and other off-chain documents, achieving authenticity verification of bills and process automation. In summary, the on-chain encrypted messaging protocol of Mind Network can provide native compliance, privacy, and communication capabilities for AI Agents and real-world assets such as real estate and cross-border payments. Right now, the blockchain world is lacking a messaging system. The on-chain encrypted messaging protocol is just what fills this gap, and it is expected to become the "on-chain SWIFT" — allowing financial institutions to safely write compliance fields and security certificates into on-chain transactions, while enabling ordinary users to use it without needing to understand complex technology. The concept of Mind Network may not be mere talk. Previously, Mind Network became the first Web3 company to establish an ecological partnership with ByteDance. In this collaboration, Mind Network is responsible for "encryption + verification": using its own FHE technology to ensure that user data remains encrypted throughout the computation process of BytePlus's AI models, preventing leaks. It also provides verifiable security credentials for AI entities through the MCP protocol, ensuring that the results are trustworthy and the process is traceable. The collaboration with ByteDance fully demonstrates Mind Network's robust technology and its feasibility in the real world. With the implementation of on-chain encrypted messaging protocols, blockchain applications will no longer be limited to the geek community, but will instead move towards a broader mainstream market in a compliant and transparent manner.