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Without quantum security, our blockchain future is uncertain -Breaking

by Mike Robinson

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Two teams of Chinese scientists are now reporting Attained quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum processor, Sycamore, becameThis is the first well-known example of early-stage quantum computing. The latest news from University of Science and Technology of China, Hefei provides the strongest evidence yet of our crossing the information rubicon.

These advancements have many good points, but they also raise concerns. While we might all eagerly await the day when we can predict traffic jams, consign animal testing to the history books, or pinpoint someone’s likelihood of getting cancer and then engineer a unique treatment⁠ — all in seconds ⁠— its tremendous power has a dark side.

David ChaumHe was one of the first to use blockchain technology and is a well-known cryptographer as well as a privacy advocate. Known as “The Godfather of Privacy,” Dr. Chaum first proposed a solution for protecting metadata with mix-cascade networks in 1979. His 1982 dissertation from the University of California at Berkeley was the first to propose a protocol for blockchain. Dr. Chaum was the creator of eCash (the first digital currency) and many other contributions to secure voting in the 1990s. Today Dr. Chaum founded Elixxir Praxxis, xx Network, and he has contributed his many years of research in cryptography and privacy. These solutions combine their decades-long experience to create state-of-the art blockchain solutions.