1. Concept of privacy Computing: privacy computing refers to ensuring the “availability and invisibility” of data in the process of circulation and integration on the premise that the data provider does not disclose the original data.
Privacy computing is listed as one of the nine trends in Gartner curve in 2021. It is predicted that by 2024, the expenditure on privacy driven data protection and compliance technology will exceed US $15 billion worldwide.
2. At present, start-ups can be divided into technology type and platform type according to business logic and products. In the early stage of business model, they mainly focused on product solutions and service mode, mainly providing software system acquisition, system software sales and operation and maintenance expenses; In the medium and long term, the calling mode + profit sharing mode will be the development trend of the industry, and the corresponding share will be obtained through the platform business flow.
3. Market applications mainly include: 1) joint marketing: cross industry data fusion and reconstruction of user portrait; 2) Joint risk control: introduce external data to optimize the financial risk control model; 3) Smart medical: data exchange to give full play to the value of medical data; 4) E-government: promote the safe sharing and opening of government data.
4. Main investment opportunities:
1) privacy computing technology and platform companies: due to the rapid changes in the application market and the uncertainty of the current market pattern, we focused on technology and platform privacy computing companies in the early stage;
2) hardware level: at present, computing power is still an obstacle to the development of private computing. Accelerating computing on hardware platform to improve efficiency is the key to industrial development. Focus on investment opportunities in DPU: technologies requiring multiple rounds of network interaction such as multi-party secure computing MPC and federated learning, and near memory hardware such as DPU can bring new energy and improvement.
3) chip localization: domestic substitution will greatly accelerate the development of trusted execution environment technology and solve the problem of distrust caused by some overseas suppliers.
5. Viewpoint of communication sector
1) in 2022, we will pay close attention to the main context of digital economy, take data flow as the clue, and explore new technological innovation opportunities such as intelligent sensing, silicon optical transmission and storage to cloud native driven by new applications such as metauniverse, industrial Internet and intelligent driving.
From the bottom, we continue to focus on Hong Kong stock operators ( China United Network Communications Limited(600050) , relevant beneficiary objects: China Mobile, China Telecom Corporation Limited(601728) ), it main equipment ( Unisplendour Corporation Limited(000938) , Zte Corporation(000063) ), network security, communication + new energy ( Longshine Technology Group Co.Ltd(300682) ), Internet of vehicles applications, military communications and satellite Internet ( Guangzhou Haige Communications Group Incorporated Company(002465) , Shenzhen H&T Intelligent Control Co.Ltd(002402) ) High growth sectors such as the Internet of things ( Fibocom Wireless Inc(300638) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\().
2) this week is a week that focuses on the highlights that highlight the highlights of the week that highlight the highlights of the week that highlight the highlights of the week that focus on the undervalued stocks: focusingon the focus of this week that focus on the undervalued ones: focused2) the focus of the week that highlight the focus of the week of the week to highlight the focus of the week of the week that focuses on the undervalued shares: Cofco Biotechnology Co.Ltd(000930) 00938\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Hangzhou Anysoft Information Technology Co.Ltd(300571) , Zte Corporation(000063) and other companies.
6. Risk warning
The expansion of privacy computing scenario is less than expected; The underlying hardware and algorithms cannot meet the market demand.
