JPMorgan Chase, one of the largest banks in the world, announced that it is researching a “Quantum Key Distribution” (QKD) blockchain network that is resistant to quantum computing attacks.
QKDto ensure secure data exchange between two parties and protection against third parties detected during data exchange quantum mechanics and cryptography using is a technology. This technology is seen as a viable defense against potential blockchain attacks by quantum computers in the future.
JPMorgan, February 17 in its press release on Researching on the QKD blockchain and applying and testing this technology for Toshiba and Ciena announced its collaboration with
In the announcement, QKD is currently against a potential quantum computer-based attack with security guarantees based on the laws of quantum physics.The only mathematically proven defense solution was given place.
In addition, the researchers used the QKD network as a way to protect against blockchain quantum computing attacks. tested for the first time stated.
The study, which was carried out for use in metropolitan areas, achieved remarkable results such as being able to support 800 Gbps data rates for mission-critical applications in real-world environmental conditions.
According to the announcement, proof of concept network infrastructure was based on Ciena’s Waveserver 5 platform equipped with 800 Gbps optical layer encryption and open APIs running on Ciena’s 6500 photonic solution with Toshiba’s Multiplexed QKD System manufactured by Toshiba at its Cambridge UK base.
Stating that security is very important to JPMorgan Chase, JPMorgan Chase FLARE Research group president and engineer Marco Pistoia;
This work comes at a crucial time as we continue to prepare for the introduction of production-quality quantum computers that will change the security landscape of technologies like blockchain and cryptocurrency in the foreseeable future.
made statements.
Quantum computers, which can process information and calculations much faster than classical computers, are still in development, and therefore experts say that quantum computing cyber attacks can enter our lives in a few years. But the threats they pose are so great that researchers like JPMorgan are already looking for ways to protect their banking systems.