The Project

Homomorphic encryption is a type of encryption technique that allows for computations to be performed on encrypted data without decrypting it first. In other words, it enables operations to be conducted on ciphertexts, producing results that are mathematically equivalent to performing the same operations on the plaintexts. This unique property of homomorphic encryption preserves the confidentiality of sensitive data while still allowing for meaningful computation and analysis to be conducted on it. It has significant applications in fields where privacy is paramount, such as secure cloud computing, privacy-preserving data analysis, and confidential information sharing.

ISO 20022 is an international standard for financial messaging. It defines a common platform for the development of financial message formats and allows for interoperability between different systems and institutions involved in financial transactions. ISO 20022 aims to standardize the syntax, semantics, and structure of messages exchanged between financial institutions, payment systems, and other stakeholders in the financial industry. It supports a wide range of financial transactions, including payments, securities, trade finance, and foreign exchange. ISO 20022 is recognized globally and is increasingly being adopted by central banks, financial market infrastructures, and industry participants to improve efficiency, transparency, and automation in financial messaging.