You might have already heard about the calamitous and incontrovertible threat that quantum computing to our traditional security system, leading to a global crash in the digital economy and the potential end of the world as we know it. But did you also know that quantum cryptography (QC) not only solves the quantum threat and potentially scales the blockchain to an entirely new level? poses In 2016, started an open competition for quantum-safe algorithms that will enable information security against quantum attacks. Since then, tech companies have joined the race and started to commercialize post-quantum cryptography (PQC). On the other hand, studies suggest that PQC is not a viable solution and that cryptosystem based on quantum mechanics is the ultimatum. To help explain this concept, we’ll talk about NIST many What quantum mechanics takes away with one hand and gives back with the other. Furthermore, we’ll discuss the basics of quantum cryptography and how it can help with web 3.0. Table of Contents Basics of Quantum Cryptography Quantum Cryptography + Blockchain = Quantum Blockchain? Quantum Key Distribution The Quantum Internet How Quantum Cryptography Can Help The Quantum Blockchain Basics of Quantum Cryptography 1. What is Quantum Cryptography in Simple terms? Quantum cryptography is a quantum information technology where cryptosystems are developed based on the principles of quantum mechanics rather than a complex math problem such as the ones used by RSA, Diffie-Hellman, & ECC. 2. What is Quantum Cryptography used for? And what is quantum-safe cryptography? Quantum cryptography is an alternative method to post-quantum cryptography to address the threats that a fully realized quantum computer poses by providing or information-theoretic security. PQC is also known as quantum-safe or quantum resilient cryptography, unconditional security PQC uses classical algorithms that are believed to be robust to both quantum and classical threats to our security systems, but many researchers that these efforts are a temporary solution. And it’s only a matter of time that development in quantum computing or the Number Theory supersedes it. This unviability of PQC propels the impending need for quantum cryptography. report 3. Why Is Quantum Cryptography Unbreakable? The usage of quantum principles such as the uncertainty principle, entanglement, non-orthogonal quantum states, etc., to develop algorithms and schemes makes quantum cryptography unbreakable in theory. The only question of information security with QC then comes from the interoperability of quantum cryptography with our classical infrastructures such as consensus and other protocols. Quantum Cryptography + Blockchain = Quantum Blockchain? While blockchain is the current digital revolution, predict that we’ll develop a functional quantum computer in the next few decades, at the earliest. estimates To comply with these advancements on both the quantum and the blockchain front, researchers and experts have been on the of the quantum blockchain based on quantum cryptography for a while now. industry working framework Blockchain doesn’t need an introduction, but here’s a quick summary: Blockchain is a type of immutable and consensus-based distributed ledger technology (DLT). The key purpose of Blockchain and other such DLTs is to establish a decentralized and trustless peer-to-peer network, to eliminate the need for intermediaries in many business sectors. But what is quantum blockchain? It is a type of DLT based on the quantum key distribution (QKD) and other quantum cryptographic schemes. Quantum Key Distribution Quantum key distribution is a quantum cryptography method that is used to securely generate and distribute secret keys using the laws of quantum mechanics. Blockchain is pretty secure on paper, but threats against it both from and the quantum are still a major problem. Thus, QKD aims to establish a new cryptosystem with , that is better than our conventional system. hackers information-theoretic security QKD protocols are broadly Discrete-variable (DV) and Continuous-variable (CV) based. DV-QKD encodes information on a single photon to transmit information, whereas CV-QKD encodes information on the amplitude and phase quadrature of a beam of photons. The between DV & CV-based QKD also come from its detection techniques and efficiency. differences A QKD communication channel. To successfully establish QKD networks, the problems with quantum teleportation need to be addressed. This is because bits of quantum information can’t be transmitted in long distances, due to the . They can only be teleported from one location to another, and there is a problem with too. no-cloning theorem decoherence In the quantum blockchain, QKD is the key protocol that will authenticate all transactions. As of now, a functional quantum cryptography protocol that can achieve reasonably high key rates at long distances has two conundrums: A fully device-independent QKD is secure on all grounds but it has very low key rates. On the other hand, a more practical QKD requires some level of trust with the source and measurement device which makes it vulnerable to side-channel attacks. This is the between security, key rates, and distance with QKD protocols that exist today. trade-off The Quantum Internet While still brews around the quantum supremacy domain, the field of quantum information has progressed. such as ID Quantique, Samsung, and have commercialized quantum cryptography and are preparing for the post-quantum world, laying the foundations of the quantum era. controversy Companies many others Beyond QKD, Quantum cryptography has applications such as quantum digital signature, quantum random number generator, quantum data locking, etc all of which cumulatively form the quantum internet or the quantum blockchain. How Quantum Cryptography Can Help The Blockchain Quantum cryptography is a domain with its limitations and works in progress, but if there is an absolute advantage that is to be outlined over our conventional cryptosystem, it comes down to security and efficiency. ultimately Security and efficiency are two of the main of Blockchain. Quantum computers are capable of parallel computing due to the principle of superposition that results in faster computation. Quantum cryptography is provably a secure way to distribute secret keys. And as already stated, the solution to quantum-safe blockchain lies in more research that gives us a pragmatic framework of a cryptosystem that is secure, scalable, and efficient. state that technical criticisms Experts The ultimate workable framework is likely an amalgamation of PQC & QC with web 3.0. Final Thoughts on Quantum Cryptography Quantum cryptography as a part of quantum information technology promises many technological advancements that seem complex and fictitious as much of this field is still under research and development. It functions on the principles of quantum mechanics and provides information-theoretic security, unlike the traditional cryptosystem that is based on complex math problems and is vulnerable to quantum threats. Quantum cryptography is a matured technology that is in rivalry with blockchain tech, but studies show that the ultimate amalgamation of quantum cryptography with blockchain is inevitable Read Next: . . What is Quantum Immortality And Why It Doesn't Make you Immortal Can Quantum Healing Cure Cancer? Here's What Science Has To Say What is Inside The Quantum Realm? - 6 Important Points to Remember | HackerNoon

Samsung

What is Inside The Quantum Realm? - 6  Important Points to Remember

Can Quantum Healing Cure Cancer? Here's What Science Has To Say

Nominated for 2022 - HackerNoon Contributor of the Year - Science

Nominated for 2022 - HackerNoon Contributor of the Year - Quantum Computing

Too Long; Didn't Read

Download free Tech Leaders Productivity Report!

Quantum Cryptography For Beginners: From Basics To Blockchain

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

Can Quantum Healing Cure Cancer? Here's What Science Has To Say

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

Can Quantum Healing Cure Cancer? Here's What Science Has To Say

(1/100) Crypto Countdown: Golem

A Research Report on the Trader $JOE DeFi Platform

07/03/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps