CASE STUDY
Quantum Computing
Threats of Quantum Computing
Quantum computers, capable of high-speed calculations, have garnered significant attention. However, their rapid computational prowess poses an imminent threat to existing information and communication systems. With quantum computing's processing power, current encryption methods can be decrypted in minutes, leaving data vulnerable to quantum hacking.
Advancements in Quantum Computing
In 2019, Google demonstrated quantum computers outpacing classical supercomputers. Then in December 2023, Harvard’s group achieved quantum error correction - a major milestone. Furthermore/ in August 2024, Google AI implied the reality of large scale fault-tolerant quantum algorithms. With essential quantum computing technologies mastered, the focus is now scaling qubit counts which have doubled annually from 53 in 2019 to an expected 1,121 in 2025.
This exponential qubit growth shifted predictions, from questioning "how" to achieve quantum computing, to "how many years" until it becomes a disruptive reality. While enabling immense computational power, quantum computing also necessitates developing new methods to protect data and systems. This quantum era promises to upend numerous current technologies and practices.
Blockchain and Quantum Computing
The rise of quantum computing presents a serious threat to blockchain technology, with approximately 25% of Bitcoin already vulnerable due to outdated cryptographic methods. We address this challenge by leveraging quantum computing itself.