@lorenzonad
“You need FHE if you want to do anything that requires confidentiality.” -Rand.
Fully Homomorphic Encryption (FHE) enables computations on encrypted data without decryption. For instance, when using AI services like ChatGPT, FHE allows users to send encrypted queries to platforms like OpenAI, ensuring privacy throughout processing. The encrypted data remains secure, and users can receive encrypted responses that they decrypt locally. FHE is crucial for achieving end-to-end encryption in online services beyond messaging, offering significant potential in cloud SaaS products and decentralized blockchain protocols where data confidentiality is essential.
Centralized models create single points of failure that can be exploited, unlike decentralized systems which offer better protection but at the cost of open data. This is where FHE becomes critical to ensure privacy without compromising decentralization.