The Oasis Protocol Foundation recently released its Runtime Offchain Logic (ROFL) mainnet. This nonprofit manages the Oasis Network, a privacy-first, scalable, and versatile Layer 1 blockchain. This novel framework allows any developer to run sophisticated computations offchain while still enjoying blockchain-level trust, verification, and privacy. ROFL as the “Trustless AWS” for privacy-preserving applications.

Revolutionizing Offchain Computation

ROFL introduces Sapphire, a confidential Ethereum Virtual Machine (EVM) that is fully production-ready. Sapphire enables all developers to build privacy-preserving smart contracts and decentralized applications. This disruptive technology addresses the crucial requirement for data privacy in the blockchain industry.

The launch of ROFL could not come at a more crucial time, as organizations and developers alike raise concerns around data security in AI applications. A 2023 study in the Indian Journal of Psychological Medicine found shocking figures. It found that 74% of companion apps are identified as having “Critical” or “High” security risk levels. ROFL provides the answer, allowing developers to create privacy-preserving consumer and finance applications with Trusted Execution Environments (TEEs).

"When we think about the future of our digital world, consumers will continue to value convenience and ease of use over anything. Which is why it’s critical for developers to focus on building applications that already have privacy and transparency built into their infrastructure. ROFL is a production-ready platform that will serve as plug-and-play infrastructure for building the next wave of AI applications." - Jernej Kos, co-founder of Oasis Protocol Foundation.

Fueling Privacy-First AI with Seed Funding

To accelerate the development of applications leveraging ROFL, the Oasis Protocol Foundation has provided $100,000 in seed capital for promising projects. One particularly cool effort is Zeph, a privacy-first AI companion platform. Specifically, it uses ROFL technology in order to keep user data confidential by employing trusted execution environments. A second project, WT3, is building an autonomous AI trading agent built specifically for decentralized trading strategies. It builds on ROFL to provide fully private, trustless key management and trade execution.

Taken together, these projects are only the beginning of what ROFL can do to help transform industries and power secure, private AI applications. This initial seed funding is intended to spur additional innovation and adoption of the ROFL framework.

Positioned for the Future of Web3

With a vision rooted in AI and privacy-first applications, Oasis Protocol Foundation stands at the forefront of the evolving Web3 landscape. ROFL gives developers the tools to create a ton of amazing next-gen apps that respect user privacy — all without compromising on utility or user trustworthiness.

Launching of ROFL mainnet is a big milestone for Oasis Network. They’re making great progress toward their dream of a more private, more secure, digital world. Finally, the framework enabling this architecture can perform sophisticated calculations offchain. It preserves blockchain-level security and privacy, enabling entirely new use cases for decentralized applications across health, finance, and more.