Glyff - Privacy Preserving Smart Contracts and Beyond

Blockchain is one of the most important latest technological inventions, which allows businesses and individuals to instantly send money and information through the internet, without the need for third parties. However, the existing modeling really forgets privacy, with the overall data and the amount transacted between parties exposed to the public, while most real world applications – health, finance, IoT, etc. – requires details about their operations to remain undisclosed and incompatible with the public blockchain system.

The advent of smart contracts have opened up an entirely new avenue of applications. Ethereum, the leading smart contract platform, has facilitated the creation of compelling decentralized applications such as decentralized exchanges, prediction markets and autonomous organizations. However, the Ethereum blockchain is completely transparent and data from any of these applications is accessible by anyone. This closes the door to an entire range of applications that rely on privacy.

The ideal privacy-preserving smart contract should have the ability to hide inputs from everyone except the person supplying it, perform some arbitrary computation without revealing any state, and returning outputs following the program’s specification (broadcast single public output/return output to specific users/no visible output). This poses a few challenges.

Glyff, like Ethereum, allows development of decentralized applications, but with a key difference: the ability of concealing data from the computing nodes. This enables developers to include sensitive data in their smart-contracts, directly on-chain, without compromise on security.

Glyff is a decentralized internet platform delivering private asset transfers and programmable privacy for smart contracts. Glyff is also building a new generation decentralized platform that enables the transfer of safe value and intelligent contract execution, in complete confidentiality and with the assurance of strong truth.

Glyff has balanced data privacy and transactional security with computational efficiency, which ultimately provides an easy through through smart contract throughput to be easily programmed to the enterprise level while upholding the core principles of the blockchain. Glyff, like Ethereum, allows the development of decentralized applications, but with the main difference: the ability to hide data from computational nodes. This allows developers to enter sensitive data in their smart contracts, directly in the chain, without compromising security.

Thе рlаtfоrm іѕ built fоr uѕе across аll іnduѕtrіеѕ іn whісh the privacy оf thеіr сlіеntѕ’ data is оf раrаmоunt importance. Glyff enables ѕuсh оrgаnіzаtіоnѕ tо develop аррlісаtіоnѕ thаt wіll іmрrоvе ореrаtіоnѕ whіlѕt safeguarding ѕеnѕіtіvе dаtа аѕ ѕtаndаrd. The significant cost-savings аnd rаdісаl improvements tо operational ѕрееd will prove a роwеrful incentive.

The goal of Glyff is to create an easily accessible, privacy-preserving decentralized platform on which all businesses can benefit from smart contracts. It will provide the security and privacy required to ensure an efficient transaction environment which is trust-less, scalable and fully accessible to those without extensive knowledge of cryptography such that it can be truly ubiquitous and with no barriers.

Smart contracts are planned and executed inside blockchains, and along these lines they acquire a portion of the blockchain's properties:

They are unchanging, which implies a smart contract can never be changed and nobody can tamper with or break an agreement.

They are circulated, which implies that the result of the agreement is approved by everybody in the system, much the same as any exchange on a blockchain. Dissemination makes it inconceivable for an aggressor to compel control to discharge assets, as every other member would identify such an endeavor and check it as invalid.

Features

Private transactions with the sender, recipient, and amount transferred are completely hidden.
Guaranty guaranteed integrity and strong anonymity property with zero-knowledge cryptography.
Non-specialist programmers can develop applications that focus on privacy, even without cryptographic knowledge.
Enables the use of smart contracts for decentralized applications that require personal computing and secure data.
Provides a platform for cross-industry deployment of blockchain technology satisfying real-world demands.
Applications in Healthcare, Finance, IoT, e-Commerce, e-Governance will increase social benefit from these sectors.
Easily programmable smart contract system with advanced privacy features
Cross-platform open-source wallet application and developer framework

Personal cash transactions with the sender, recipient, and amount transferred are completely hidden. Guaranteed integrity and strong anonymity property with zero-knowledge cryptography. Provides a platform for the dissemination of cross-industry blockchain technology that meets real-world demands. Applications in Healthcare, Finance, IoT, e-Commerce, e-Governance will increase the social benefits of these sectors. Smart contract system that is easily programmed with advanced privacy features. Open source wallet application and cross platform developer framework.

Token Details

Token: GLY
Token Type: ERC20
Payment Method: Ether or Bitcoin.
Total sale goal: $5,000,000
Initial supply : 50.000.000 GLY
Base price: $0.16481 per token (subject to changes)

Pre-sale Phase

Start date : 20 December 2018
End date : 19 January 2019
Token price : 0.11 USD
Discount :25%
Tokens for sale : 6,500,000

ICO Phase

Start date : 20 February 2019
End date : 22 March 2019
Token price : 0.13 USD
Discount : None
Tokens for sale : 26,000,000

Distribution

Initial distribution: 50,000,000 GLY
TGE (including pre-sale): 32,500,000 GLY
Glyff reserve: 7,500,000 GLY
Team and early contributors: 5,000,000 GLY
Community and strategic partners: 5,000,000 GLY

Road Map

Q2/3 2018

Research starts
Prototyping of MVP consensus node and wallet (Sprout)

Q3/4 2018

Consensus node and wallet (early release)
Private test-net launch

Q1/2 2019

Publication of the first whitepaper working draft (Sapling)
Token generation event
Development and code consolidation
Public test-net launch

Q2/3 2019

Programmable privacy
Security audit
Consensus node and wallet (stable release)

Q3/4 2019

Main-net launch
Developer toolchain and documentation
Mobile wallet (Android/iOS)

Team

For more information, please visit:

Website: https://glyff.io
Whitepaper : https://glyff.io/files/glyff-wp.pdf
Email address: info@glyff.io
Github: https://github.com/Glyff
Gitter channel : https://gitter.im/Glyff/Lobby
Bitcointalk announcement : https://bitcointalk.org/index.php?topic=5083318
Bounty thread : https://bitcointalk.org/index.php?topic=5084966
Telegram community : https://t.me/glyffcommunity
Facebook page : https://www.facebook.com/Glyff-353989662044849/
LinkedIn page : https://linkedin.com/company/glyff
Reddit : https://reddit.com/r/glyff
Twitter : https://twitter.com/Glyff_io
Medium : https://medium.com/@glyff_official
Official Bounty Telegram Group: https://t.me/GlyffBounty

Author: JigaMola
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1847143