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What Is Zama?

Zama is an open-source cryptography company focused on building Fully Homomorphic Encryption (FHE) solutions for blockchain and AI applications. As data privacy becomes an increasing concern in the digital world, Zama aims to address these issues by providing advanced encryption technologies that protect data at every stage of its lifecycle. From confidential smart contracts on public blockchains to encrypted AI model training, Zama’s solutions offer a secure approach to handling sensitive information without compromising on utility.

Fully Homomorphic Encryption allows computations to be performed on encrypted data without the need to decrypt it first, a breakthrough that addresses privacy concerns in industries like finance, healthcare, and AI. Zama's mission is to make privacy protection a standard feature, not an afterthought, across the decentralized ecosystem.

How Zama Works

Zama leverages Fully Homomorphic Encryption (FHE) to ensure that data remains encrypted throughout its use. By enabling operations directly on encrypted data, FHE allows blockchain applications to run confidential computations without exposing sensitive information. Zama’s solutions can be applied to various industries, including blockchain, artificial intelligence, and finance, where the demand for secure and private data handling is critical.

One of Zama’s key products, the fhEVM (Fully Homomorphic Encryption Ethereum Virtual Machine), brings confidentiality to Ethereum by allowing developers to build privacy-preserving decentralized applications (dapps) without the need for additional bridges or complex systems. This ensures that smart contracts and transactions on Ethereum remain encrypted end-to-end, providing a layer of privacy that public blockchains traditionally lack.

Zama is also working on a Threshold Key Management Service (TKMS), which offers secure key generation and decryption in multiparty environments. This service is particularly valuable for industries like financial services and governance, where maintaining confidentiality across multiple stakeholders is essential. Zama’s TKMS ensures robust, distributed security for managing cryptographic keys, reducing the risk of unauthorized access or key compromise.

Who Founded Zama?

Zama was founded by Dr. Rand Hindi and Dr. Pascal Paillier, two experts in the fields of cryptography and privacy technologies. Dr. Hindi, the CEO of Zama, has a background in artificial intelligence and is well-known for his work in privacy-preserving AI. Dr. Paillier, the CTO of Zama, is an authority on cryptography and the co-inventor of several cryptographic techniques, including Paillier encryption.

Together, they have built a team of over 75 individuals from 22 nationalities, with half of the team holding PhDs in cryptography, machine learning, and blockchain technology. Zama’s leadership is complemented by a board of advisors that includes prominent figures in the blockchain industry, such as the founders of Ethereum and Solana.

Zama’s development is backed by leading investors in the crypto and blockchain space, including Multicoin Capital and Protocol Labs. The company recently raised $73M in a Series A round to accelerate the adoption of Fully Homomorphic Encryption and bring new privacy technologies to market.

Conclusion

Zama is a forward-thinking company that is driving the adoption of Fully Homomorphic Encryption in blockchain and AI. Through its innovative solutions like fhEVM and TKMS, Zama provides secure and privacy-focused alternatives for industries that rely on sensitive data handling. With a strong team of experts and backing from prominent investors, Zama is positioned to address the growing demand for privacy-preserving technologies across decentralized applications.