Note: Adapted from the official Phala Network blog and announcements. Find it here: https://x.com/phalanetwork/status/2049122456334651792 The TEE market is projected to reach $12.36 billion by 2030, growing at a 20.8% CAGR. That kind of growth doesn’t happen without a real problem driving it. The problem here is straightforward, as more sensitive data moves through cloud systems and AI pipelines, the existing approach to security is struggling to keep up. Encrypting data while it sits in storage or travels across a network is well understood, but the moment that data gets processed, it becomes exposed. That window is where attacks happen, and it’s a gap that traditional cloud infrastructure was never designed to close. Why Software Security Alone Is No Longer Enough Most cloud security today focuses on protecting data before and after it’s used, not during. When a workload runs on a standard server, the host system has visibility into what’s happening.…