Bitcoin
$43,462.69-0.24%
Ethereum
$3,075.96+1.36%
XRP
$0.958430+3.76%
Cardano
$2.21+7.75%
Polkadot
$30.06+3.83%
Stellar
$0.286282+2.82%
Dogecoin
$0.215656+2.81%
Chainlink
$24.26+0.12%
Uniswap
$21.53-0.20%
Polygon
$1.18+1.92%
Litecoin
$161.64+2.41%
Bitcoin Cash
$550.01+0.08%
Cosmos
$36.75-3.79%
Algorand
$1.81+8.30%
Wrapped Bitcoin
$43,565.85-0.36%
Filecoin
$76.08+1.58%
The Graph
$0.729117+3.86%
Tron
$0.094959+1.33%
Ethereum Classic
$50.25+2.21%
Aave
$305.78+0.89%
Tezos
$5.48+1.54%
Monero
$236.40+1.04%
NEO
$42.15-1.12%
EOS
$4.28-0.78%
IOTA
$1.35-0.01%
BitTorrent
$0.003442+0.99%
Bitcoin SV
$147.72+3.49%
Maker
$2,526.99+1.15%
Waves
$24.48+2.82%
Dash
$176.86-0.92%
Decred
$121.14-4.32%
Decentraland
$0.693768-1.98%
ICON
$1.67+6.67%
OmiseGO
$10.49+26.38%
NEM
$0.159476+1.46%
Zcash
$120.15+0.81%
NuCypher
$0.292497+3.92%
Yearn Finance
$30,340.87+1.89%
Qtum
$10.69+1.27%
Paxos Standard
$1.00+0.02%
Bitcoin Gold
$55.81-0.12%
Basic Attention Token
$0.674140+2.81%
0x
$0.943196+1.83%
Ren
$0.847433+10.34%
Bancor
$3.62+0.21%
Fetch.ai
$0.698722+5.38%
Band Protocol
$7.86+0.10%
Siacoin
$0.015870+0.02%
Kava.io
$5.29+1.13%
Nano
$4.98+5.14%
Loopring
$0.414957+2.73%
Storj
$1.17+1.85%
Lisk
$3.21+4.00%
Numeraire
$41.36+0.12%
Civic
$0.431294+1.27%
Orchid
$0.338858+5.06%
PAX Gold
$1,771.95+0.33%
Augur
$22.33-0.24%
Aragon
$5.08-4.43%
Enzyme
$106.68-0.42%
district0x
$0.156282+3.53%
Kyber Network
$1.54+1.48%
SingularDTV
$0.001341-3.87%
Tether
$0.999976-0.02%
USD Coin
$1.00-0.04%
Dai
$1.00-0.02%

IBM Launches Test Service Using 'Holy Grail' of Data Privacy Technology

The privacy technology, called fully homomorphic encryption, keeps data hidden even when being processed.

Dec 21, 2020 at 12:51 p.m. UTC
Updated Sep 14, 2021 at 10:46 a.m. UTC

Tech giant IBM announced a trial service for a privacy tech called fully homomorphic encryption (FHE), designed to vastly reduce the likelihood of sensitive data being exposed.

  • FHE is an emerging technology – often described as the "holy grail" of encryption – designed to allow data to stay encrypted when being processed or analyzed in cloud or third-party environments.
  • IBM said last week its new service, developed in-house, will allow clients to start experimenting with technology to improve the privacy of their internal IT architectures.
  • “While current encryption techniques allow data to be protected during storage and in transit, data must be decrypted while it is being processed or analyzed – creating a window of opportunity where data is more vulnerable to theft or exposure,” said IBM. 
  • Data leaks have become a major issue for enterprises. One making headlines this week saw personal details of clients of cryptocurrency hardware wallet maker Ledger exposed on an online forum.
  • Research and advisory company, Gartner predicts that by 2025 at least 20% of businesses will be budgeting for programs that require homomorphic encryption, up from less than 1% currently.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...