As Web2 giants actively participate in the Crypto Assets field, the technology of Mind Network has shown immense potential. This is not only because it can effectively address privacy issues, but more importantly, it can seamlessly integrate into existing systems. The traffic, application scenarios, and resources owned by ByteDance and Alibaba Cloud provide Mind Network with an excellent opportunity to transition from Web3 to the real world.

In the context of the current popularity of RWA (Real World Assets) on the blockchain, most projects still remain at a superficial level, such as simply linking NFTs with property certificates or uploading documents to IPFS. However, the trading of real-world assets is far more complex than these operations. Core information such as price terms in real estate contracts, settlement instructions for cross-border trade, and audit data in supply chains, if placed on the blockchain in plaintext, would directly expose business secrets.

To address this challenge, Mind Network launched the "Encrypted Messaging Onchain" protocol in August this year. This innovative protocol aims to resolve the fundamental contradiction between the requirements of blockchain transparency and auditability and the protection of sensitive information.

Cross-border payments in the traditional financial sector are not just simple fund transfers; they also involve a large amount of additional information: payer identity, purpose of funds, related contract numbers, etc. This information is crucial for compliance checks and business operations. However, in a blockchain environment, the handling of this sensitive data becomes a tricky issue.

Mind Network's solutions open up new possibilities for the integration of Web3 and real-world assets. By cleverly balancing transparency and privacy protection, it provides strong technical support for the future of decentralized finance and asset management. This innovation not only promotes the practical application of blockchain technology but also paves the way for the integration of traditional finance with emerging technologies.