Security News > 2023 > September > 5 ways in which FHE can solve blockchain’s privacy problems

Fully homomorphic encryption - a technique that allows data to be processed encrypted without the need for decryption - shows great promise in addressing the privacy issues associated with blockchain.

FHE can enhance data security by allowing computations to be performed on encrypted data, reducing the risks pertaining to data exposure.

Blockchain adoption faces challenges due to regulatory requirements surrounding data privacy and protection.

FHE presents a promising solution to blockchain's privacy problem by enabling secure computation on encrypted data.

The ability to preserve confidentiality, enhance data security, ensure user anonymity, facilitate regulatory compliance, and protect smart contract privacy make it a powerful tool for privacy preservation within the blockchain ecosystem.

Integrating FHE into blockchain networks could lead to increased privacy and trust, fostering broader adoption of blockchain technology across various industries.

News URL

https://www.helpnetsecurity.com/2023/09/04/fully-homomorphic-encryption-fhe/