Privacy-Preserving Accountable Decryption
Technologists are collectively building a new internet: a Web 3.0 that emphasizes decentralized trust and radical transparency. We share that vision. Our contribution to it is a trustlessly transparent information escrow.
We call it PAD: Privacy-Preserving Accountable Decryption
PAD is a new approach to maintaining digital privacy in the management of sensitive information. It was built as a means to share access to private information, without automatically disclosing that information.
PAD enables conditional access to information without trusted third parties or single points of failure. There is now a middle ground between sharing data or not sharing it: you can share the capability to access information.
Along with this privilege comes a cryptographically-backed transparency guarantee: you will always know whether and when the data is accessed and there is no way for any party to avoid accountability.
Solutions for location tracking are generally all-or-nothing: you opt not to share your location, or you let your phone track where you are and it shares this information with a nominated person. We think there’s a better way to manage this challenge with PAD Places
Digital asset ownership is entering the mainstream. This is a strong motivation to build more robust and easily understood seed phrase and private key recovery tools. We are using PAD to build a general purpose mechanism for storage and recovery of any kind of sensitive information.