Premiering a Breakthrough in Fully Homomorphic Encryption - Vaultree Announces Next-Gen Algorithm!
May 23 2024 - 11:00AM
Business Wire
Vaultree Leads with Revolutionary Fully Homomorphic
Encryption to Redefine Data Security
Vaultree, a leader in advanced data encryption, is thrilled to
announce a groundbreaking development in Fully Homomorphic
Encryption (FHE). This new algorithm, set to redefine the standards
of data privacy and enablement, marks a significant milestone in
the evolution of data security, offering unprecedented levels of
encryption without compromising on performance or scalability.
Vaultree's Next-Gen FHE algorithm emerges as a solution to a
longstanding problem in data security: maintaining confidentiality
and integrity of data during usage or processing. Traditional
encryption protects data at rest and in transit but require
decryption for processing, creating vulnerabilities.
Ryan Rasmaili, CEO of Vaultree,
commented on the announcement, "At Vaultree, we are continuously
pushing the boundaries to transform how data security is perceived
and implemented globally. Our new FHE algorithm is a testament to
our dedication and innovative spirit, paving the way for
enterprises to harness the true potential of their data without
compromising on security."
The benefits of Vaultree’s FHE algorithm, pointed out in this
introductory cryptography paper, extend beyond traditional
encryption methods. By maintaining encryption at all stages of data
processing, Vaultree enables encrypted data sharing and (conjoint)
analytics, encrypted data warehousing, encrypted ML, and the
protection of sensitive information in compliance with global data
privacy regulations. This approach not only enhances security but
also facilitates seamless collaboration across different platforms
and industries.
A perfect balance between robust data security measures and the
enablement of complex data operations ensures that organisations no
longer have to choose between security and functionality.
The Problem Solved by Vaultree's FHE Algorithm:
- Data Vulnerability During Processing: Traditional
encryption systems expose data to risk during processing by
requiring decryption, a stage at which data can be intercepted or
compromised.
- Operational Inefficiency: Previous and other advanced
encryption solutions slowed down data operations, making it
difficult to use encrypted data in real-time applications.
- Compliance and Privacy Concerns: With regulations like
GDPR and HIPAA, companies face significant challenges in managing
data privacy; FHE allows them to comply without sacrificing
functionality.
Key Benefits of Vaultree's Next-Gen FHE Algorithm:
- Unmatched Performance: Provides industry-leading speeds
that facilitate real-time data processing, keeping addition times
at 830 nanoseconds and multiplication times at 97
microseconds.
- Persistent Security: Keeps data always encrypted,
securing sensitive information even during computation, which is
crucial for industries such as healthcare and finance.
- Seamless Integration and Scalability: Integrates
effortlessly with existing systems and scales effectively to meet
the needs of any organisation, supporting a wide range of
applications from cloud computing to AI.
- Advanced Data Utilisation: Enables complex operations
like machine learning and analytics directly on encrypted datasets,
fostering innovation while ensuring privacy.
Vaultree's FHE solution not only advances the technical
landscape of encryption but also provides a practical, scalable
solution for securing data across various sectors, revolutionising
how sensitive information is processed and managed in the digital
era.
About Vaultree
Vaultree is a global leader in data encryption, introducing the
world's first practical Data-In-Use Encryption for live-production
environments utilising technologies like Fully Homomorphic
Encryption (FHE) and Enhanced Searchable Symmetric Encryption
(ESSE). This innovation changes how sensitive data is protected and
accessed. Vaultree’s solution enables enterprise organisations to
securely process, search, and compute on structured and
unstructured encrypted data, amongst others enabling fully
encrypted AI and ML applications, data sharing, and warehousing.
Vaultree eliminates traditional encryption challenges with
performance, speed, and scale, making it the ideal solution for
data-intensive industries.
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version on businesswire.com: https://www.businesswire.com/news/home/20240523121515/en/
Media Contact Tilo Weigandt Co-Founder & COO, Vaultree
tilo@vaultree.com