UK Startup Optalysys Debuts Server for Blockchains

Opalysys, a startup based mostly within the UK aimed toward protected pc use, has launched what it claims to be the world’s first server for block chains that may course of information on a scale with out decoding.

The LightLocker node of the corporate is a server that makes use of utterly homomorphic coding (FHE), a mathematical method with which calculations might be carried out on encrypted information with out jeopardizing the coding.

Up to now yr, a number of corporations have raised cash and exploring FHE purposes throughout the cryptocurrency area. Opalysys says that the serverhearware is purposefully constructed for blockchain coding and provides a less expensive different to pricey and inefficient GPU-based techniques, with the assistance of 40% much less power.

Opalysys, based mostly in Leeds, England, was based in 2013 by Dr. Nick New (CEO) and Robert Todd (CTO). In July 2023, the corporate collected a Serie A of 21 million kilos ($ 28 million).

“To make use of blockchain applied sciences on a scale, infrastructure that helps confidential computing is crucial,” stated CEO New in a press release.

“Conventional {hardware} options for encrypted blockchain are costly and inefficient. Chips for common use are additionally not designed for the particular necessities of encrypted transaction processing,” New added.