This document summarizes a research paper that proposes a new block cipher cryptographic symmetric key algorithm called the "TACIT Encryption Technique." The algorithm uses a unique mathematical logic approach along with a new key distribution system. It is implemented in a hardware chip using VHDL programming language on a Network-on-Chip model for secure data transmission. Experimental results show encryption and decryption of 128-bit blocks using an 8-bit key through simulation in Modelsim. The algorithm aims to provide better security, speed and flexibility than existing algorithms like DES, AES and RSA.