JPMorgan, Toshiba, Ciena find new way to protect blockchain with quantum network


FILE PHOTO: A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid/File Photo

NEW YORK (Reuters) - A team of quantum computing engineers from JPMorgan Chase & Co, Toshiba Corp and Ciena Corp say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday.

The group of researchers say it is the first time that a quantum key distribution (QKD) network, a super-secure two-way communication network powered by quantum physics, has been tested as a way to protect the blockchain from quantum computing attacks.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Roku says more than 500,000 accounts impacted in cyberattack
Exclusive-OpenAI's Altman pitches ChatGPT Enterprise to large firms, including some Microsoft customers
Apple loses bid to throw out UK lawsuit over App Store fees
‘Dead Space’ franchise�is officially on hold�at Electronic Arts
Adobe is buying videos for RM13 per minute to build AI model
Sam Bankman-Fried appeals fraud conviction, 25-year jail term
Epic Games proposes Google app store reforms after antitrust win
Beeper messaging app that irked Apple is acquired by WordPress.com owner
Meta under fire for ‘tone deaf’ minimum age change on WhatsApp
Australian prosecutors drop billionaire Forrest's case against Meta

Others Also Read