Recently a company called Bitcasa demonstrated a product of cloud storage. they indicated that they would use "Convergent Encryption" to secure your data and de-duplicate, essentially one copy of the same file between users.
From what I can read on a university paper about Secure Data Duplication which makes mention of "Convergent Encryption" and assuming this is what this is referring too.
My question is, what security implications of using this technology and is it truly secure that you cannot get the key based on chunk data being used to generate different keys between users.
Reference interview on Washington post