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IBM Researchers Open Source Homomorphic Crypto Library
mikejuk writes with news of an advancement for homomorphic encryption and open source: "To be fully homomorphic the code has to be such that a third party can add and multiply numbers that it contains without needing to decrypt it. In other words they can change the data by working with just the encrypted version. This may sound like magic but a fully homomorphic scheme was invented in 2009 by Craig Gentry. This was a step in the right direction but the problem was that it is very inefficient and computationally intensive. Since then there have been a number of improvements that make the scheme practical in the right situations Now Victor Shoup and Shai Halevi of the IBM T J Watson Research Center have released an open source (GPL) C++ library, HElib, as a Github project. The code is said to incorporate many optimizations to make the encryption run faster. Homomorphic encryption has the potential to revolutionize security by allowing operations on data without the need to decrypt it."
I think you are misunderstanding. What homomorphic encryption allows is for you to obtain the encrypted sum or product of two ciphertexts. That is, there exists some efficient operation o such that E(a) o E(b) = E(a+b) and another operation u such that E(a) u E(b) = E(a*b). What you are describing is closer to functional encryption, in which case the function which you are allowed to evaluate over the ciphertexts is severely limited and must be explicitly granted by the owner of private key.