Probably, one of the most exciting recent developments in the field of cryptography is the emergence of homomorphic encryption which is a type of encryption that allows computations to be performed on encrypted data while it remains encrypted, in other words, without the need to decrypt it first. This means that sensitive data can be kept confidential while still being used by third-parties.
This is achieved through the use of special encryption algorithms that preserve the mathematical structures of the plaintext data, allowing meaningful computations to be performed on the encrypted data while preventing unauthorized access to the actual plaintext data (which is never exposed and remain secure).
This technology is particularly useful in situations where privacy and security are of great importance, such as in the healthcare industry, where patient data must be kept confidential, or in financial services, where sensitive data such as bank account information needs to be processed securely.
