PGP stands for “Pretty Good Privacy.” Since the early 1990s it’s been one of the most widely used cryptographic technologies for signing, encryption and decryption of texts, e-mails, files, directories, disk partitions, and more for increased security. 

This component provides actions to encrypt the file and text using the Public Key & Decrypt using the Private. This component also provides the actions to generate keys.

You can generate Public & private Key using this link - Generate Key