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IDB Lab, Cambridge Quantum, and Tecnolgicode Monterey are building a quantum proof encryption layer on top of LAC Chain.
People in the blockchain industry have been discussing for some time how quantum computers could impact this sector. These are machines that perform calculations using quantum physical properties.
Whereas traditional computers use binary “bits” to encode information, quantum computers use quantum bits (qubits). This can represent many different things at the same time. This means that quantum computers can evaluate a huge number of possibilities at the same time, making them very suitable for decoding. actually, CNBC Quantum computers have suggested that cryptocurrency wallets could be hacked within 10 years.
But things may not be as dark as you can hear in the crypto world.Yesterday, Cambridge Quantum, IDB Labs, Monterrey Institute of Technology publication They were working on blockchain technology that is resistant to quantum computing.
If the blockchain relies on encryption and keys, there is potential for quantum hacking. Researchers have focused on four areas of potential threats, such as transactional integrity and communication between network nodes.
Salvador E. Venegas Andoraka of the Monterey Institute of Technology explains:Certain quantum algorithms tolerate violations of digital security protocols, but fortunately there are other algorithms that can be used to enhance data protection... “
The team has built an Ethereum-based LAC Chain Besu blockchain network. This network is already in use by over 50 entities and was created by IDB Labs.
The team has developed an encryption layer to protect the blockchain from quantum computer attacks. This included leveraging Cambridge Quantum’s IronBridge platform to generate quantum proof keys that could protect transactions and communications.
Irene Arias Hofman, CEO of IDB Labs, said:In the digital age, where we are free to use a variety of emerging technologies with the ability to solve social problems, we achieve exponential impact to the extent that they can be combined. In this case, the knowledge of the IDB team, along with CQ and TEC, has made it possible to achieve the basic milestones to ensure the future integrity of LAC Chain in both quantum technology and blockchain technology... “
