Homomorphic encryption is gaining traction in both practical applications and standardization efforts, spearheaded by Duality Technologies in collaboration with major entities such as Microsoft, NIST, and co-founders Prof. Kurt Rohloff and Prof. Vinod Vaikuntanathan. The standardization initiative began with a workshop in June 2016, organized by Microsoft and attended by organizations like IBM, NIH, and the US Navy, which resulted in white papers outlining security settings, API standards, and applications for homomorphic encryption. This led to the creation of HomomorphicEncryption.org, an industry consortium aimed at developing community-driven standards, with participation from leading companies and academic institutions. The PALISADE open-source library has adopted these emerging standards, with Duality Technologies ensuring their modifications remain compliant. The next phase involves a meeting at MIT, hosted by Vinod Vaikuntanathan, to draft a security standard and expand the consortium, highlighting the ongoing commitment to standardizing homomorphic encryption.