Practical applications of homomorphic encryption algorithms?

Question

It appears there there were interesting things going on in cryptography: the first homomorphic encryption scheme appeared recently (explanation, HT). Roughly sp

Answer 1

You might be interested in viewing Bruce Schneier's rather resoundingly negative take on homomorphic encryption at:

http://www.schneier.com/blog/archives/2009/07/homomorphic_enc.html?nc=11