Summary
TLDR: Zama’s Fully Homomorphic Encryption (FHE) technology is seen as the “holy grail” of cryptography, allowing companies to offer services without exposing user data. Their latest product, fhEVM, is a confidential smart contract protocol for Ethereum-compatible blockchains, keeping on-chain data encrypted during processing.
Key Points
1. Zama, founded in 2020, views Fully Homomorphic Encryption (FHE) as the “holy grail” of cryptography, enabling companies to provide services to users without accessing their data, reducing the risk of exposure.
2. Zama’s latest product, fhEVM, is a confidential smart contract protocol designed for Ethereum-compatible blockchains. This protocol allows on-chain data to remain encrypted end-to-end throughout processing.
3. FHE technology is revolutionizing data security by allowing for computations to be performed on encrypted data without the need to decrypt it, ensuring privacy and confidentiality in various applications.