How Can Ternary Sloot Encryption Enhance Data Security?

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I think I figured out Sloot encryption, and am thinking of designing a ternary, volumetric version. Any thoughts?
 
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Greg Bernhardt said:
What science fiction is this from?
Actually, Sloot encryption was a real-life system, said to be able to convert a three-hour movie into a file size of eight kilobytes of data - and, this was back in the '80's and '90's.
 
I'm thinking of this for some writing I'm doing.
 
I think they want you to put it in the world building thread. This one was for chatting about silly stories that already exsist.