Optalysys, a U.Okay.-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 Fully Homomorphic Encryption (FHE), a mathematical method permitting computations to be carried out on encrypted knowledge with out compromising the encryption.
The final yr has seen a few companies raising money and exploring applications of FHE inside the cryptocurrency house. Optalysys says its server {hardware} is purpose-built for blockchain encryption, and provides a less expensive various to expensive and inefficient GPU-based techniques, utilizing 40% much less power.
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) Sequence A in July 2023.
“For blockchain applied sciences to be adopted at scale, infrastructure that helps confidential computing is important,” 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.