Ruby Protocol is the Privacy-centric Data Monetization Framework for DeFi and Web3.0 Powered by Polkadot. Ruby Protocol is a data monetization framework based on functional encryption powered by Polkadot. It designs and implements a fine-grained data monetization framework serving as a privacy layer interacting with smart contract platforms. It enables end-to-end encrypted data monetization on public blockchains (e.g. Ethereum, Polkadot) and decentralized data solutions (e.g. IPFS).
Utilizing Functional Encryption (FE) Cryptography, Ruby’s modular approach to data sharing and privacy make it the ideal building block for privacy compatible smart contract dApps, while also acting as a privacy layer for Parachains and dApps across the Polkadot ecosystem.