NuCypher KMS: Decentralized key management system

medium.com

14 pointsmwilkison4 comments

sounds interesting. Similar to CloudHSM, I'm assuming this will also ensure vendors/app developers meet regulatory compliance when storing corporate data?

I think so. It is similar to CloudHSM, but you don't have to trust Amazon!

What is key re-encryption exactly?

It basically allows some untrusted party to convert ciphertext which you can decrypt to a ciphertext which someone you granted access to can decrypt.

It's like "instead of decrypting my data and encrypting with Bob's public key I want Charlie to do this operation without showing my secrets to Charlie". Charlie is a miner in our case :-)

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