CryptoLab Signs a Contract to Supply Cutting-Edge Homomorphic Encryption Technology to Macrogen
SEOUL, South Korea, April 16, 2024 /PRNewswire/ -- CryptoLab, a pioneer of fully homomorphic encryption (FHE) technology has announced the signing of a three-year supply contract with Macrogen, Korea's largest genetic data analysis company.
- SEOUL, South Korea, April 16, 2024 /PRNewswire/ -- CryptoLab, a pioneer of fully homomorphic encryption (FHE) technology has announced the signing of a three-year supply contract with Macrogen, Korea's largest genetic data analysis company.
- The collaboration revolves around CryptoLab's self-developed 'HEaaN Genome Analysis Solution', which harnesses the power of the most advanced FHE technology based on the CKKS scheme.
- In June 2023, CryptoLab and Macrogen had previously signed a Memorandum of Understanding (MOU) to introduce 4th generation encryption technology, spearheading the industry's adoption of cutting-edge data protection technologies.
- With this new contract, Macrogen will seamlessly integrate the HEaaN solution into their genomic analysis services, further bolstering the safeguarding of customer data.