JPMorgan Relies on Blockchain Against Cyber ​​Attacks

The world’s largest bank, JPMorgan, announced that it has successfully executed one of the most important measures to be taken against future cyber attacks. The work, done in partnership with Toshiba and Ciena, was done on the QKD blockchain network.

USA-based JPMorgan Chase, the world’s largest bank in terms of market value, gave an important news with its press release today. Giant bank, combining quantum mechanics and cryptography to enable two parties to exchange data securely On QKD blockchain technology He announced that he was doing research.

JPMorgan announced in its press release that the QKD (Quantum Key Distribution) network in partnership with Toshiba and Ciena its full applicability for metropolitan areas. officially announced. It was stated that the system is resistant to quantum computing attacks under real-world and environmental conditions and supports 800 Gbps data rates for mission-critical applications.

Precautions are already being taken against future attacks:

Quantum computing attacks, which the new technology announced by JPMorgan will be responsible for preventing, is actually not very common in today’s world. So much so that today’s quantum computers are yet to crack the encryption keys. they don’t have enough strength. But many cybersecurity experts, new computers in the future. expresses his concern that it could be used to perform these operations.

QKD technology, which has been successfully demonstrated in real conditions by JPMorgan, Toshiba and Ciena, is against a potential quantum computer-based attack with security protection based on the laws of quantum physics. the only mathematically proven defense solution is accepted as. However, the researchers announced that the QKD network is also being tested for the first time as a way to protect against blockchain quantum computing attacks.

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Source :
https://www.businesswire.com/news/home/20220217005557/en/JPMorgan-Chase-Toshiba-and-Ciena-Build-the-First-Quantum-Key-Distribution-Network-Used-to-Secure-Mission- Critical-Blockchain-Application/


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