Secure multi-party computation (sMPC) is a cryptographic technique that allows multiple parties to jointly compute a function over their inputs while keeping those inputs private. In simpler terms, sMPC enables a group of people to work together to get a result from their combined data without anyone having to share their individual data with each other. For example, sMPC can be used to calculate the average salary of a group of employees without any one employee knowing anyone else\’s salary. This ensures data privacy and security, making it ideal for situations where confidentiality is crucial.
Related Articles
System of Record
Curtis Butturff May 24, 2024
A system of record (SoR) in blockchain refers to the blockchain network itself, which serves…
Internet Of Value (IoV)
Curtis Butturff May 24, 2024
The Internet of Value (IoV) represents a transformative concept poised to redefine the way we…
Federated Blockchain Technology
Curtis Butturff May 23, 2024
Federated blockchain technology represents a hybrid approach to blockchain architecture that combines the benefits of…
Blockchain
Curtis Butturff June 14, 2024
A blockchain is a decentralized and distributed digital ledger technology that securely records transactions across…