The idea described in this tech memo is to accelerate rainbow table searches inside the SSD SoC.
A "rainbow table" is a data structure containing precomputed "chains" for reversing cryptographic hash functions, usually for cracking password hashes. A good yet simple instruction of the rainbow table by Kestas can be found at http://kestas.kuliukas.com/RainbowTables/.
RainbowCrack (http://project-rainbowcrack.com/) is a project that generates rainbow tables (for various hash algorithms) and creates tools for cracking hashes using rainbow tables. As can be seen