Ruby protocol is a private data management framework for Web 3.0.
It proposes and implements a privacy middle-layer interacting with multi-chain. It is a fine-grained private data access-control gateway across different entities and organizations both in the decentralized and traditional financial world. Built on functional encryption, Ruby protocol will be the true embodiment of the decentralization spirit of the cryptocurrency movement.
$RUBY is the native token of the Ruby Protocol that stakers deposit as collateral to run a node on the network. Blockchain needs a privacy layer to support data monetization. The utility of $RUBY includes but is not limited to staking, governance, and transaction fees.
All the encrypted data will be stored in a decentralized cloud such as IPFS. Decentralized functional encryption will be adopted to satisfy the users’ privacy needs. Moreover, our policy management layer will make sure the design of the underlying attribute and policy universe is well-tuned to the regulatory compliance requirement.
Ruby will also design and implement a private payment scheme specifically tailored for the monetization of private data. Ruby protocol is not only the next-generation privacy protocol for Web 3.0 in a multi-chain world but is also ready to open a brand-new chapter for regulation compliant decentralized financial service.
