Ellipse-based Email Encryption

madlinguist writes: "Researchers connected with Stanford's Applied Crypto Group have developed a new method of identity-based encryption from spending too much time with ellipses. Named after two of the researchers, the Boneh-Franklin project was presented at Crypto 2001, where these researchers encouraged the crypto community to crack their open-source system. Best of all, the project's homepage allows you to try it on your own email address."