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Companies and governments around the world are in a race to build the first usable quantum computer. The technology promises to make some kinds of computing problems much, much easier to solve than with today’s classical computers, but it also poses a significant threat to the integrity of encrypted data.
We are witnessing the second quantum revolution. We are exploring the possible applications of quantum superposition and quantum entanglement. Quantum communication is one of the important use cases of quantum mechanics. Building a large and fully functional quantum network will determine the commercial success of quantum communication.
The Indian Cabinet recently approved the National Quantum Mission. The mission is essential for building excellence in national quantum security and developing quantum computers, quantum communication, new materials, quantum sensors, and quantum cryptography.
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The objective of the mission is to seed, nurture and scale up scientific and industrial R&D and create a vibrant and innovative ecosystem in Quantum Technology (QT). It will accelerate QT-led economic growth, nurture the ecosystem in the country, and make India one of the leading nations in the development of Quantum Technologies & Applications (QTA).
Encryption, a crucial digital security practice, conceals information from unauthorized access by establishing entry parameters, akin to a password for data retrieval. It involves transforming data into an unreadable format using intricate algorithms, rendering it inaccessible to unauthorized entities.
We are witnessing the second quantum revolution. We are, for the first time, exploring the possible applications of quantum superposition and quantum entanglement. Quantum communication is one of the important use cases of quantum mechanics. Building a large and fully-functional quantum network will determine the commercial success of quantum communication.
Today, a huge amount of stolen information is lying in foreign databases. They are ready to be exposed in the next few years with the imminent arrival of quantum computers. It’s time for governments and enterprises to step up. They need to be quantum-ready and develop a crypto agility strategy.
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The digitalisation of the economy has impacted the financial services industry more than others. Digital financial transactions have replaced physical currencies. Banknotes were exchanged on trust. They were issued by trustworthy institutes in the country and used between parties without fear of doubt.
Quantum computing (QC) garners a lot of positive press due to its power to solve complex computations several times faster. It is envisioned that QC can be a critical enabler and a strong catalyst to considerably reduce the computational power required to perform complex calculations and boost the future of sixth-generation (6G) communication.
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The new quantum key distribution (QKD) system developed on integrated photonics is based on proof-of-principle experiments. The researchers claim that the new system integrates all components into chips except the laser and detectors. Thus, is has the potential to offer advantages like compactness, low cost, and ease of mass production.
Quantum Key Distribution (QKD) is a ground-breaking method of secure communication that harnesses the principles of quantum mechanics. It enables two parties to generate a shared random secret key, known only to them, which can be used to encrypt and decrypt messages.
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As the digital landscape evolves, the threat of quantum computing to conventional encryption methods becomes increasingly real. Quantum computers, with their ability to solve complex problems exponentially faster than classical computers, pose a significant risk to the encryption algorithms that currently safeguard our data.