CipherMode Labs CEO and co-founder Sadegh Riazi has been working with encryption his entire career. He studied it as part of his PhD. He was part of the Microsoft SEAL team that worked on improving homomorphic encryption and making it more efficient.
What he found was that while homomorphic encryption allows you to work with encrypted data, it does so at an extremely high resource cost, one that’s so high, it is bad for the environment. He spent much of the first part of his career working to make it more efficient, but he found that even with custom chips, he and his fellow researchers could
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