Quantum Cryptography Market to Witness Huge Growth by Key Players: ID Quantique, Quintes sence Labs , NuCrypt , Qasky , Crypta Labs and Others.

#quantumcryptography #cryptography #marketresearchreport

The report titled “Quantum Cryptography Market” sheds a concentrated focus on the Quantum Cryptography industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.

The Global Quantum Cryptography Market is expected to grow from US$ 101 Million in 2018 to US$ 506 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 37.9% during the forecast period.

Key Players:-

ID Quantique (Switzerland),

Quintes sence Labs (Australia),

NuCrypt (US),

Qasky (China),

Crypta Labs (UK),

Qubitekk, Inc. (US),

Post-Quantum (UK),

MagiQ Technologies (US),

ISARA (Canada),

QuNu Labs (India),

QuantumCTek (China),

Quantum Xchange (US),

Aurea Technologies (France),

qutools GmbH (Germany),

Infineon Technologies (Germany),

Mitsubishi Electric (Japan),

IBM (US),

Hewlett Packard Enterprise (US),

NEC Corporation (Japan),

Toshiba Corporation (Japan),

Microsoft (US).

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Quantum Cryptography Market to Witness Huge Growth by Key Players: ID Quantique, Quintes sence Labs , NuCrypt , Qasky , Crypta Labs, Qubitekk , Post-Quantum and Others.

The report titled " Quantum Cryptography Market " sheds a concentrated focus on the Quantum Cryptography industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market. Need a Free Sample Report?

Quantum cryptography startup PQShield exits stealth - SiliconANGLE

#cryptography #quantumcryptography #security #startups #startupfunding

Post-quantum cryptography startup PQShield Ltd is exiting stealth mode armed with a suite of tools it says companies can use to safeguard computer systems and other devices from quantum-based attacks.

It also announced £5.5 million ($6.8 million) in seed funding from backers including Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investor Andre Crawford-Brunt, the former global head of equities at Deutsche Bank AG.

The U.K.-based company is betting on the imminent arrival of full-scale quantum computers, which it says will pose an unprecedented problem for security due to their potential to bypass traditional public-key encryption standards.

Quantum computers are machines that use the properties of quantum physics to store data and perform computations. This can be extremely advantageous for certain tasks and gives them the potential to vastly outperform even the best supercomputers of today.

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Quantum cryptography startup PQShield exits stealth - SiliconANGLE

Post-quantum cryptography startup PQShield Ltd. is exiting stealth mode today armed with a suite of tools it says companies can use to safeguard computer systems and other devices from quantum-based attacks. It also announced £5.5 million ($6.8 million) in seed funding from backers including Kindred Capital, Crane Venture Partners, Oxford Sciences Innovation and angel investor Andre Crawford-Brunt, the former global head of equities at Deutsche Bank AG.

Bank of Canada: Designing a Central Bank Digital Currency (CBDC) for universal access

#CBDC #centralbankdigitalcurrency #UAD #universalaccessdevice

Key design matrix given by Bank of Canada on Central Bank Digital Currency (CBDC) based on universal access are

1. A CBDC should be as accessible as cash - 

A CBDC is a digital product that can be designed to include many of the attributes of cash (e.g., ease of use, portability, offline function).

2 Multiple formats for a CBDC can embody the design principles of universal access - 

The Bank is exploring multiple formats for a CBDC, including conventional online and mobile technologies, as well as custom devices and deviceless solutions.

3. A CBDC could be used through a dedicated universal access device (UAD) -

 One potential concept the Bank is investigating is a custom device that is engineered for universal access while securely storing and transferring a CBDC. The device could incorporate attributes of cash and take advantage of specialized technologies. Such a device should be manufactured at a low cost and issued by the Bank to ensure maximum inclusion.

4. A UAD could be resilient in ways that a smartphone is not - 

A UAD could embed a local, secure store of value, be network-independent and operate for long periods on a local power source.

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Designing a CBDC for universal access

If the Bank of Canada issues a central bank digital currency, the technology should be designed for universal access.

Post-Quantum Blockchain: A review on blockchain cryptography resistant to Quantum Computing attacks - IEEE

Beware!

All the businesses, including #startups, should be aware that existing passwords and asymmetric cryptography may become useless within next 5 years due to advancement of quantum computing technology, which can be used by hackers to crack passwords / keys within minutes, if not in seconds.

Even present blockchain technology may be susceptible to hacker attacks due to faster quantum computing technologies. Do you know that a Bitcoin private key is a 256-bit number? Can you imagine if the above 256-bit (64 letter hexa decimal - 0-9, A-F alpha numeric) key can be hacked using quantum computing methods, then what happens to our 6-12 letter alpha numeric passwords!

So, all the authentication systems may have to be migrated to quantum blockchain technology, which in simple term uses variable key lengths and two streams of communication to send and receive passwords, one through normal network and another through quantum network using either optical fibre cables or through low lying artificial satellites above the earth.

Read about Quantum Key Distribution at  https://en.wikipedia.org

Read more about quantum blockchain technology at

Towards Post-Quantum Blockchain: A Review on Blockchain Cryptography Resistant to Quantum Computing Attacks - IEEE Journals & Magazine

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