Homomorphic Encryption makes it possible to do computation while the data remains encrypted. This will ensure the data remains confidential while it is under process, which provides CSPs and other untrusted environments to accomplish their goals. At the same time, we retain the confidentiality of the data.

Like other [asymmetric encryptions], homomorphic encryption is encrypted using a public key and can only be decrypted by the respective private key. But while the data is encrypted, operations can be performed on the data, which retains confidentiality, and helps organizations achieve compliance even when using untrusted environments.

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Homomorphic Encryption: Introduction And Use Cases
1.45 GEEK