The business-enabling power of privacy enhancing technologies
Over the past few years, there has been an acceleration in the enterprise-level understanding of Privacy Enhancing Technologies (PETs), a category best known for its ability to enable and preserve the security and privacy of data when it is being used or processed. While some technologies within the category, including homomorphic encryption, trusted execution environments, and secure multiparty computation, had previously been academically pursued but not computationally practical, the tide has changed.
Technological development, surging awareness, and increasing adoption of PETs in recent years have alerted regulators, analysts, and broader industry to their potential impact and opened up a wealth of exciting and transformative opportunities for businesses.