[Digital Today Reporter Hwang Chi-gyu] Blockchain-based cloud company Common Computer signed a business agreement (MOU) with DeSilo, an AI startup based on homogeneous cryptography technology, to develop’blockchain core technology and machine learning application technology using homogeneous cryptography’ It was revealed on the 26th.
Homomorphic encryption is a technology that can analyze data as it is encrypted, and it helps to solve data privacy and data silos problems.
DeSilo is a startup developing a machine learning solution using homogeneous cryptography technology, and won joint 1st place in the 2020 International Genetic Information Analysis Security Competition, Genome Information Protection Contest (iDash).
Common Computer is a startup that develops a blockchain-based cloud capable of collaborative AI.
The company explained that it provides a solution that enables high-performance AI services on a serverless cloud based on its own blockchain protocol, AI network, and AI simple development and marketplace platform’I-Nise’.
Through this business agreement, Common Computer and DeSilo will develop blockchain protocols and machine learning application technologies using homogeneous cryptography.
DeSilo CEO Lee Seung-myeong said, “In various industries such as finance and medical care, which deal with personal or private information that requires fundamental protection, we need a data analysis infrastructure based on homogeneous passwords. We expect to be able to demonstrate ready-to-use isomorphic cryptography and blockchain-based protocol technology.”
Min-Hyun Kim, CEO of Common Computer, said, “As all data on the current public blockchain needs to be disclosed, it is essential to strengthen the privacy of data recorded and disclosed on the blockchain in order to enable free collaborative AI based on the blockchain protocol in the future. “It could be the world’s first homogeneous crypto-based blockchain protocol case.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.