CipherMode Labs uses secure multiparty computation (SMPC) as the underlying cryptographic technology for its groundbreaking solutions.
Let’s compare and contrast to other technologies:
Learning
at-rest
or in-motion encryption
Learning
at-rest
or in-motion encryption
Heading goes over here
CipherMode uses secure multiparty computation for secure data sharing. This is a technology that has been around for decades and three Turing award winners actually built the foundation of SMPC. What CipherMode did was not to create a new protocol of SMPC; rather new intermediate protocols were developed with ease-of-use and speed in mind to obscure cryptographic knowledge from end users while ensuring fast computation times. The key breakthrough occurred in circuit translation where CipherMode has created new ways to translating computation into circuits to optimize for speed.
Why now?
It is fair to assume that CipherMode is so fast because of Moore’s Law and connectivity improvements. However, even if you add up the computation speed from these two factors, it’s still many times slower than what CipherMode can do today. Instead, CipherMode’s breakthrough take what used to be impossible or impractical and made it reality…