Fully homomorphic encryption (FHE): a solution for blockchain interoperability?

The advent of blockchain technology has transformed data management and transmission, yet it introduces substantial challenges. One major hurdle is blockchain interoperability - the capacity for various blockchain networks to exchange and secure data effectively. Fully homomorphic encryption (FHE) presents a revolutionary approach to these challenges - it ensures data remains encrypted during computation, allowing for secure and private transactions across diverse platforms without needing decryption. Potentially, this is extremely useful as businesses expand into hybrid multi-cloud settings where data privacy and security are crucial. Implementing FHE can help blockchain networks achieve genuine interoperability without sacrificing confidentiality since it allows computations on encrypted data without needing to decrypt the data first, preserving data privacy and security throughout the process. Imagine a scenario where data is securely locked in a “black box” and computations can be…