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Applying Secure Multiparty Computation Technology

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3rd Party Risk Management , Application Security , Blockchain & Cryptocurrency

Secure multiparty computation technology enables users to carry out computation on private data while it remains encrypted, says Israel-based Yehuda Lindell, a cryptography professor who's chief scientist at the security firm Unbound Tech. One of the main applications is for protecting cryptographic keys, he says in an interview with Information Security Media Group.

SMC offers a more practical option to the usual practice of storing keys in a hardware security module, which is difficult to manage, he contends.

Using SMC, he says, "we can split the secrets into random pieces and put them on different machines and then have the computations being carried out without everything being bought together ... without the key being remembered," he says.

This new technology can be installed by deploying virtual machines to set up the framework, Lindell explains.

In this interview (see audio...(continued)

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