Dec 5, 2018
Quantum computers put blockchain security at risk
Posted by Derick Lee in categories: bitcoin, computing, cryptocurrencies, encryption, finance, government, health, internet, quantum physics, security
The longer-term answer is to develop and scale up the quantum communication network and, subsequently, the quantum internet. This will take major investments from governments. However, countries will benefit from the greater security offered13. For example, Canada keeps its census data secret for 92 years, a term that only quantum cryptography can assure. Government agencies could use quantum-secured blockchain platforms to protect citizens’ personal financial and health data. Countries leading major research efforts in quantum technologies, such as China, the United States and members of the European Union, will be among the early adopters. They should invest immediately in research. Blockchains should be a case study for Europe’s Quantum Key Distribution Testbed programme, for example.
Bitcoin and other cryptocurrencies will founder unless they integrate quantum technologies, warn Aleksey K. Fedorov, Evgeniy O. Kiktenko and Alexander I. Lvovsky. Bitcoin and other cryptocurrencies will founder unless they integrate quantum technologies, warn Aleksey K. Fedorov, Evgeniy O. Kiktenko and Alexander I. Lvovsky.