Acompany, the SMPC engine using the client-server model is now

Today, a company revealed that QuickMPC, a useful Secure Multiparty Computing (SMPC) engine which is a computing component that increases privacy, has been made available as open source software (PEC). It is the world’s first client-server OSS SMPC. When used in machine learning and basic static calculations, QuickMPC can operate on personal data while maintaining privacy. This will allow companies and engineers around the world to build SaaS products that use SMPC functionality without the need for deep SMPC knowledge by using Python and JavaScript (TypeScript) client libraries.

A major concern is data protection. Previously unregulated data use has become more difficult due to legislation protecting personal data, such as GDPR and CCPA. Additionally, according to Gartner forecasts, 60% of large enterprises will use at least one PEC approach in analytics, business intelligence and/or cloud computing by 2025.

Acompany is a startup created in 2018 by student entrepreneurs. The company got involved in blockchain technology before finding SMPC. Since there was no practical-level open-source SMPC at the time, the company decided to create QuickMPC on its own. Two client libraries and the QuickMPC engine are now made available by the company.

Takeharu Kondo, CTO of the firm, comments on the publication “In 2019, researchers were the main users of the majority of open source software in secure computing engines. So we separately created QuickMPC successfully. We have now made it available as open source software. A company will spread the PEC from Japan to the rest of the world in the next few years.