Problem: In today's digital age, vast amounts of valuable data go unused due to security and privacy concerns. Take medical data for instance: it holds immense potential to drive breakthroughs in drug development, but privacy regulations prevent it from being shared beyond hospital walls. What if we could leverage this data without ever exposing it?
Solution: Belfort develops advanced cryptographic techniques that enable data processing while it remains encrypted. This technology makes it possible to guarantee data privacy and security while still extracting value from data processing. Not only does this make existing applications more secure and privacy-friendly, but it also enables new and valuable applications on highly sensitive data, notably in blockchain and web3, privacy-preserving AI, medical (medicine research, personalized healthcare), and financial (fraud detection) sectors. Belfort reduces the cost of encrypted data processing by deploying it on custom dedicated semiconductor hardware, making this technology faster, cheaper, and greener.
USP: Applications integrating encrypted data processing become 1.000.000x slower, costlier, and more energy-inefficient. Belfort's USP is that we make semiconductor hardware that makes encrypted calculations faster, cheaper, and greener. At the moment, we already have technology that speeds up computations by a factor of 120x, and we will provide speedups up to 10.000x in the coming years.