Industry Expert Session on Cryptography by Ananda Krushna, Czar Technologies

Cryptography is the science of providing security for information. It has been used historically as a means of providing secure communication between individuals, government agencies, and military forces. Today, cryptography is a cornerstone of the modern security technologies used to protect information and resources on both open and closed networks. The science of secure communications has made a quantum leap forward with the development of asymmetric cryptography and cryptographic hash functions, which basically are coded messages that are almost impossible to crack without tens or hundreds of millions of dollars of sophisticated computer equipment, a team of top computer scientists and lots of time. This technology enables two individuals/entities to have transactions directly with each other and cut out the middleman. The global encryption software market is expected to reach $2.16 billion by 2020, growing at a CAGR (compounded annual growth rate) of CAGR of 14.27% from 2014 to 2020.