FHE

First, let's talk about the big framework: #FHE is the 'true direction', but how far the project can go needs to be viewed separately.

Fully Homomorphic Encryption (FHE) is indeed a hard direction.
This is the kind of technology that does not rely on narratives but is built up with mathematics, belonging to the level of 'either it cannot be implemented, or if implemented, it is the next generation of infrastructure'.

Why is it valued?
Because it can essentially do something extremely powerful:
Allowing data to be computed while in an encrypted state.

This means: In the future, AI, privacy finance, and corporate data collaboration can compute results without decrypting data.