MIT Media Labs Unveils its Bitcoin Inspired Data Encryption Project
MIT Media Labs, in collaboration with two Bitcoin entrepreneurs, has unveiled a project that would protect cloud-based data from being discovered by third-party entities. Dubbed as Enigma, the project is hoping to meld decades-old data security method, known as "homomorphic encryption", with the cryptography technology behind the digital currency Bitcoin. Doing so, the creators of Enigma will be maintaining the data's overall privacy during its propagation from one place to another. The project will apply some mathematical tricks on the data that will make it unreadable to hackers and....
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