August 27, 2021

Raconteur: Is Homomorphic Encryption the Holy Grail of Data Security?

Enveil CEO Ellison Anne Williams weighs in on the power and applicability of homomorphic encryption.

Excerpt:

"Homomorphic encryption is similar in that it lets data processors manipulate selected ‘raw materials’ such as sales figures or medical data, but keeps the plain-text data private. That is because the data doesn’t have to be decrypted to be used. Only the end result of the computation is presented in plain text. Because homomorphic encryption is mathematically and computationally very challenging, it was an intriguing theoretical discussion long before it became a practical option. And it is still in development.

'There are no theoretical limits to the computations that can be carried out using homomorphic encryption,' says Ellison Anne Williams, CEO and founder of Enveil, a company that specialises in privacy enhancing technologies. 'But there are practical constraints.' In particular, homomorphic encryption is still limited in terms of the functions it can carry out and it needs a lot of processing power to run." 

Read the full Raconteur article here.

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Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities for secure usage, collaboration, and monetization protect data while it's being used or processed – the 'holy grail' of data encryption. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s homomorphic encryption-powered ZeroReveal® solutions allow organizations to securely derive insights, cross-match, search, and analyze data assets without ever revealing the contents of the search itself or compromising the security or ownership of the underlying data.
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