Optalysys, a U.Ok.-based startup targeted on safe computing, has launched what it claims to be the world’s first server for blockchains that may course of knowledge at scale with out decrypting it.
The agency’s LightLocker node is a server that makes use of Totally Homomorphic Encryption (FHE), a mathematical method permitting computations to be carried out on encrypted knowledge with out compromising the encryption.
The final 12 months has seen a few companies elevating cash and exploring purposes of FHE inside the cryptocurrency house. Optalysys says its server {hardware} is purpose-built for blockchain encryption, and presents a less expensive various to expensive and inefficient GPU-based techniques, utilizing 40% much less vitality.
Primarily based in Leeds, England, Optalysys was based in 2013 by Dr. Nick New (CEO) and Robert Todd (CTO). The agency raised a 21 million pound ($28 million) Collection A in July 2023.
“For blockchain applied sciences to be adopted at scale, infrastructure that helps confidential computing is crucial,” stated CEO New in a press release.
“Conventional {hardware} options for encrypted blockchain are expensive and inefficient. Common-use chips are additionally not designed for the precise necessities of encrypted transaction processing,” New added.
