The Optalysys Podcast: Why Encryption is the Missing Piece in Blockchain Security
In this episode of the Optalysys podcast, host Joseph Wilson is joined by Rand Hindi, CEO of Zama, and Nick New, CEO of Optalysys, to explore encrypted blockchain and its role in the future of data security. They discuss how fully homomorphic encryption (FHE) makes private, scalable blockchain applications possible beyond cryptocurrency, while also addressing challenges like quantum threats. The conversation covers real-world use cases, from supply chains to identity verification, the rise of HTTPZ, and why 2025 could mark a turning point for FHE-powered blockchain innovation.
Key Takeaways
- Encrypted blockchain combines the benefits of blockchain with data privacy
- Fully homomorphic encryption allows computation on encrypted data without revealing it
- Blockchain technology has applications beyond cryptocurrencies, including supply chain and identity verification
- Privacy challenges in blockchain can be addressed with encrypted solutions
- Scalability remains a key challenge for encrypted blockchains
- Integration of FHE with blockchain is becoming more accessible for developers
- Quantum computing poses a significant threat to current cryptographic methods
- The future of the internet will likely involve FHE as a standard for data security
- HTTPZ represents the next evolution in data security protocols
- 2025 is expected to be a pivotal year for the adoption of FHE in blockchain applications