Keep Network Score
KEEP – A new privacy primitive for developing smart contracts on public blockchains, enabling secure storage & usage of secrets, as well as supporting infrastructure, including the Keep market and token. Their incremental approach to privacy infrastructure can be brought to market on the Ethereum public network, iterated on and adapted for other public blockchains & cross-blockchain use.
As more Keep providers are developed, more applications that once required a private blockchain can be built against public networks. Traditional finance offers many examples. Consider lending, a basic service provided by most banks. There are a number of sensitive variables involved in the lending process. Borrower credit scores are sensitive; risk assessment is highly competitive; the terms of a loan aren’t typically made public. Keep providers that execute generic private smart contracts can protect scores and the risk assessment process, while maintaining audit-ability and all other benefits of a public blockchain.
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