Researchers in Russia say they’ve developed and tested the world’s first blockchain that won’t be vulnerable to encryption-breaking attacks from future quantum computers.
If the claims are verified, the technique could be a means of protecting the vast amounts of wealth invested in fast-growing cryptocurrencies like Bitcoin and Ethereum which are safe from today’s code-breaking methods, but could be exposed by tomorrow’s vastly more powerful quantum machines.
A team from the Russian Quantum Centre in Moscow says its quantum blockchain technology has been successfully tested with one of Russia’s largest banks, Gazprombank, and could be used as a proof of concept to underpin secure data encryption and storage methods in the future.
To backtrack a little, a blockchain is a publicly accessible, decentralised ledger of recorded information, spread across multiple computers on the internet.
This kind of distributed database is the underlying technology that makes Bitcoin possible where it maintains a list of timestamped digital transactions that can be viewed by anyone on the platform.
The idea is that the blockchain frees users on the network from needing any kind of middleman or central authority to regulate transactions or exchanges of information.
Because all interactions are recorded in the distributed ledger, the blockchain makes everything a matter of public record, which, when it comes to Bitcoin, is what ensures that transactions are legitimate, and that units of the currency aren’t duplicated.
The problem with this is that when someone’s computer conducts transactions, the system uses digital signatures for authentication purposes but while that protection layer may offer strong enough encryption to secure those exchanges today, they won’t be able to withstand quantum computers.
Quantum computers are a technology that’s still in development, but once they mature, they’re set to offer computational power and speed far in excess of what today’s computers can achieve.
While that means quantum computers are poised to do great things for us in tomorrow’s world, it’s a double-edged sword because that massive increase in performance also means these machines could pose a huge security risk in the world of IT, breaking through comparatively weak encryption walls that currently protect the world of banking, defence, email, social media, you name it.
“If quantum computing takes three decades to truly arrive, there’s no reason to panic,” as Nicole Kobie reported for Wired last year.
“If it lands in 10 years, our data is in serious trouble. But it’s impossible to predict with certainty when it will happen.”
Because of this, today’s security researchers are busy trying to invent secure systems that can defend us from the unbelievably fast supercomputers of tomorrow a pretty tall order, considering these awesome systems haven’t even really been invented yet.
That’s what the Russian team’s quantum-proof blockchain is another attempt to devise a digital fortress that won’t be crushed by quantum computers. And the key, the researchers say, is abandoning part of what currently helps protect blockchain transactions.
“In our quantum-secure blockchain setup, we get rid of digital signatures altogether,” one of the researchers, Alexander Lvovsky, told Mary-Ann Russon at IBTimes UK.
“Instead, we utilise quantum cryptography for authentication.”
Quantum cryptography depends on entangled particles to work, and the researchers’ system used what’s called quantum key distribution, which the researchers say makes it possible to make sure nobody’s eavesdropping on private communications.
“Parties that communicate via a quantum channel can be completely sure that they are talking to each other, not anybody else. This is the main idea,” Lvovsky said.
“Then we had to re-invent the entire blockchain architecture to ‘fit’ our new authentication technology, thereby making this architecture immune to quantum computer attacks.”
The system they’ve experimented with was tested on a 3-node (computer) network, but it’s worth pointing out that while the team is claiming victory so far, this kind of research remains hypothetical at this point, and the study has yet to undergo peer-review.
But given the looming technological avalanche that quantum computers represent for digital security, all we’ll say is we’re glad scientists are working on this while there’s still time.
Because, make no doubt, the future is headed this way fast.
The study has been published on pre-print website arXiv.org.
- Schrdinger's Killer App: Race to Build the World's First ... - August 7th, 2018
- How Quantum Computers Work - May 3rd, 2018
- This is what a 50-qubit quantum computer looks like - January 15th, 2018
- Inside Microsofts quantum computing world | InfoWorld - January 1st, 2018
- Microsoft Takes Path Less Traveled to Build a Quantum ... - December 13th, 2017
- Researchers create new type of quantum computer | Harvard Gazette - December 12th, 2017
- Microsoft releases quantum computing development kit preview ... - December 12th, 2017
- Intel moves towards production quantum computing with new 17 ... - October 11th, 2017
- Quantum computer a possibility in 10 years - News.com.au - NEWS.com.au - September 7th, 2017
- Scientists Propose a New Kind of Quantum Computer, But What ... - Gizmodo - September 7th, 2017
- Quantum detectives in the hunt for the world's first quantum computer - Phys.Org - September 7th, 2017
- Scientists Just Found A Use For The Hashtag In Quantum Computing - Gizmodo Australia - September 4th, 2017
- The Future of AI: From Quantum Computing to the Internet of Things - Outer Places - September 4th, 2017
- We're About to Cross The 'Quantum Supremacy' Limit in Computing - ScienceAlert - September 2nd, 2017
- Explaining the Most Recent Record for Quantum Computing: A 51-Qubit Quantum Computer Array - All About Circuits - September 2nd, 2017
- USRA Upgrades D-Wave Quantum Computer to 2000 Qubits - insideHPC - September 1st, 2017
- Quantum encrypted box hints at unhackable communication - Wired.co.uk - September 1st, 2017
- Quantum Computer Programming: What You Need to Learn to Get ... - TrendinTech - September 1st, 2017
- Google's John Martinis Believes Quantum Computing Threat to Be Long Way Off - Bitcoin News (press release) - August 31st, 2017
- Australian quantum computing outfit goes commercial - Networks Asia - August 31st, 2017
- Elusive Majorana Particle Takes Major Step Towards Quantum Computing - IEEE Spectrum - August 29th, 2017
- Australia gets quantum computing company - ACS (registration) - August 28th, 2017
- Quantum Computing and Financial Trading - LeapRate - August 28th, 2017
- Russians Lead the Quantum Computer Race With 51-Qubit Machine - Edgy Labs (blog) - August 28th, 2017
- Bitcoin vs. The NSAs Quantum Computer Bitcoin Not Bombs - August 26th, 2017
- qBitcoin: A Way of Making Bitcoin Quantum-Computer Proof? - IEEE Spectrum - August 26th, 2017
- Hype and cash are muddying public understanding of quantum ... - Phys.Org - August 26th, 2017
- Silicon Quantum Computing launched to commercialise UNSW ... - ZDNet - August 23rd, 2017
- IEEE Approves Standards Project for Quantum Computing ... - Business Wire (press release) - August 23rd, 2017
- Introducing Australia's first quantum computing hardware company - CIO Australia - August 23rd, 2017
- What is quantum computer? - Definition from WhatIs.com - August 22nd, 2017
- Hype and cash are muddying public understanding of quantum computing - The Conversation AU - August 22nd, 2017
- Finns chill out quantum computers with qubit refrigerator to cut out errors - ZDNet - August 22nd, 2017
- UNSW joins with government and business to keep quantum computing technology in Australia - The Australian Financial Review - August 22nd, 2017
- 'Tools of DESTRUCTION' Quantum computers WILL wreak havoc ... - Express.co.uk - August 19th, 2017
- Quantum computing comes of age - Alphr - August 14th, 2017
- No, Quantum Teleportation Won't Let Us Send Instant Messages to Alpha Centauri - Air & Space Magazine - August 12th, 2017
- Google on track for quantum computer breakthrough by end of ... - August 11th, 2017
- Closing In On Quantum Computing | WIRED - August 11th, 2017
- World's Leading Physicist Says Quantum Computers Are Tools of Destruction, Not Creation - Futurism - August 10th, 2017
- Will you be able to trust a quantum computer? - Digital Journal - August 9th, 2017
- New Methods of Controlling Electrons Could be Major in Quantum Computing - TrendinTech - August 5th, 2017
- Exactly what could quantum computers do? - Electronics Weekly - August 4th, 2017
- What is quantum computing and why does the future of Earth depend on it? - Alphr - August 2nd, 2017
- The Age of Quantum Computers is upon us! - Gizbot - August 2nd, 2017
- Ultracold molecules hold promise for quantum computing | MIT News - MIT News - August 1st, 2017
- Clarifiying complex chemical processes with quantum computers - Phys.Org - August 1st, 2017
- When Will Quantum Computers Be Consumer Products? - Futurism - August 1st, 2017
- Quantum Computers Just Moved a Step Closer to Reality - NBCNews.com - August 1st, 2017
- A New Breakthrough in Quantum Computing is Set to Transform Our ... - Futurism - August 1st, 2017
- Quantum computers compete for supremacy - Salon - July 10th, 2017
- Quantum Computers Compete for "Supremacy" - Scientific American - July 5th, 2017
- Less is more for Canadian quantum computing researchers - ITworld - July 4th, 2017
- New method could enable more stable and scalable quantum ... - Phys.Org - July 4th, 2017
- Volkswagen buys D-Wave quantum computers which sell for $15 million each - Robotics and Automation News (press release) (registration) - July 2nd, 2017
- 6 Things Quantum Computers Will Be Incredibly Useful For - Singularity Hub - July 1st, 2017
- Quantum Machine Learning Computer Hybrids at the Center of New Start-Ups - TrendinTech - June 20th, 2017
- Israel Enters Quantum Computer Race, Placing Encryption at Ever-Greater Risk - Sputnik International - June 20th, 2017
- Prototype device enables photon-photon interactions at room ... - Phys.Org - June 20th, 2017
- The Quantum Computer Factory That's Taking on Google and IBM - WIRED - June 20th, 2017
- Toward optical quantum computing - MIT News - June 17th, 2017
- Get ahead in quantum computing AND attract Goldman Sachs - eFinancialCareers - June 16th, 2017
- KPN CISO details Quantum computing attack dangers - Mobile World Live - June 16th, 2017
- Quantum Computing Technologies markets will reach $10.7 billion by 2024 - PR Newswire (press release) - June 14th, 2017
- From the Abacus to Supercomputers to Quantum Computers - Duke Today - June 13th, 2017
- Quantum Computers Will Analyze Every Financial Model at Once - Singularity Hub - June 13th, 2017
- Are Enterprises Ready to Take a Quantum Leap? - IT Business Edge - June 13th, 2017
- Scientists May Have Found a Way to Combat Quantum Computer Blockchain Hacking - Futurism - June 13th, 2017
- Microsoft and Purdue work on scalable topological quantum computer - Next Big Future - June 13th, 2017
- Doped Diamonds Push Practical Quantum Computing Closer to Reality - Motherboard - June 3rd, 2017
- Team develops first blockchain that can't be hacked by quantum computer - Siliconrepublic.com - June 3rd, 2017
- D-Wave partners with U of T to move quantum computing along - Financial Post - June 2nd, 2017
- Telstra just wants a quantum computer to offer as-a-service - ZDNet - June 1st, 2017
- Microsoft, Purdue Tackle Topological Quantum Computer - HPCwire - HPCwire (blog) - June 1st, 2017
- MIT Just Unveiled A Technique to Mass Produce Quantum Computers - Futurism - June 1st, 2017
- Here's How We Can Achieve Mass-Produced Quantum Computers - ScienceAlert - June 1st, 2017
- Research collaborative pursues advanced quantum computing - Phys.Org - June 1st, 2017
- AI and Quantum Computers Are Our Best Weapons Against Cyber Criminals - Futurism - June 1st, 2017
- Google Plans to Demonstrate the Supremacy of Quantum ... - IEEE Spectrum - May 25th, 2017
- Top 5: Things to know about quantum computers - TechRepublic - May 25th, 2017