This is an excellent article by Erica Klarreich of Quanta Magazine and appears at Wired.
Below is a snippet. This could be huge for software.
"Secure program obfuscation would be useful for many applications, such as protecting software patches, obscuring the workings of the chips that read encrypted DVDs, or encrypting the software controlling military drones. More futuristically, it would allow people to create autonomous virtual agents that they could send out into the computing “cloud” to act on their behalf. If, for example, you were heading to a remote cabin in the woods for a vacation, you could create and then obfuscate a computer program that would inform your boss about emails you received from an important client, or alert your sister if your bank balance dropped too low. Your passwords and other secrets inside the program would be safe."
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