There’s been a lot of buzz surrounding homomorphic encryption because it comes with a lot of promise. It stands out from other encryption methods as it guarantees the encryption of data while it’s being used for computation.
In this scenario, organizations can engage in data and analytics, enable secure voting (for elections) and more. As we enter a new decade of hyper-digitization and smart cities, encryption will be critical to protecting data from malicious insiders and external threat actors.
However, there are some myths surrounding this technology that needs to be quashed. Before we get ahead of ourselves, let’s define it.