UK Startup Optalysys Debuts Server for Blockchains
Optalysys, a U.Okay.-based startup centered on safe computing, has launched what it claims to be the world’s first server for blockchains that may course of knowledge at scale with out decrypting it.
The agency’s LightLocker node is a server that makes use of Absolutely Homomorphic Encryption (FHE), a mathematical approach permitting computations to be carried out on encrypted knowledge with out compromising the encryption.
The final yr has seen a few companies elevating cash and exploring purposes of FHE throughout the cryptocurrency area. Optalysys says its server {hardware} is purpose-built for blockchain encryption, and gives a less expensive various to expensive and inefficient GPU-based methods, utilizing 40% much less power.
Based mostly in Leeds, England, Optalysys was based in 2013 by Dr. Nick New (CEO) and Robert Todd (CTO). The agency raised a 21 million pound ($28 million) Collection A in July 2023.
“For blockchain applied sciences to be adopted at scale, infrastructure that helps confidential computing is important,” stated CEO New in an announcement.
“Conventional {hardware} options for encrypted blockchain are expensive and inefficient. Common-use chips are additionally not designed for the precise necessities of encrypted transaction processing,” New added.
