[vlovich123]

It’s unfortunate that all the applications right now feel very hand-wavy. Still, $50M in projected contract value is a nice sounding number which probably was used to land the $73M investment. It’ll be interesting to see if they can break out of niches because it’s highly likely that FHE will remain at least an order of magnitude more expensive than normal computers even with HW acceleration.

[qeternity]

I would take those figures with a huge grain of salt. They were backed by crypto VCs and it sounds like their use-case at the moment is going to be allowing sensitive data to be persisted to and computed on-chain. I'm not saying this isn't a valid use-case, but I wouldn't be surprised if the contracts are from their VC's portcos and that the value is in tokens, not in cash.

Nonetheless, glad to see homomorphic encryption getting funded.

[vlovich123]

Yeah, I do take it with a grain of salt, especially since the valuation could be a form of self-dealing to hype up other investments. This is a legit company though and the researchers there are really moving the field forward and maybe someday it’ll have real applications. Certainly more interesting use of funds than other blockchain wastes of time.

[acchow]

HW acceleration isn’t going to help much here because it’s really the exploding space complexity that needs to be addressed.

[vlovich123]

I didn’t explain why I thought HW wouldn’t help as much but yes, the exploding space complexity is definitely a big problem.