CipherMode Labs uses secure multiparty computation (SMPC) as the underlying cryptographic technology for its groundbreaking solutions.
Let’s compare and contrast to other technologies:
SecureMulti-Party Computation, a powerful cryptographic tool
CipherMode uses secure multiparty computation at the core of its platform. SMPC enables multiple parties to perform a joint computation on their data without disclosing the data to each other. Thus, multiple entities can benefit from a joint computation while maintaining the confidentiality of their data. Several SMPC protocols have been invented during the past few decades and three distinct Turing awards have been given to the seminal works that built the foundation of SMPC. The main obstacles in using SMPC have been high computation and communication overhead(many orders of magnitude compared to computation over plaintext data) as well as complex integration process. CipherMode Labs has brought SMPC into the practical realm by introducing new algorithms and architecture to process encrypted data.
Our technological breakthrough is based upon 10 years of academic research. CipherMode Labs is the home to three of the world-leading experts that have published more than 60 well-recognized academic papers.
Over the past few decades, SMPC has gone through a major evolution, the computation and communication overhead has been brought down by many orders of magnitude. Using CipherMode technology, computation over encrypted data takes minutes instead of days and seconds instead of hours.