Tag Archives: Quantum Computing

Economy, Finance, Science, Science Fiction, Technology

Cryptocurrency + Quantum Computing := Encryption Fail, The Next Y2K

Leave a comment

Over the last several months I’ve been researching Quantum Computing (QC) and trying to determine how far we’ve come from the theoretical to the practical implementation.  It seems we are in the early commercial prototypical phase.

Practical Application of QC

The most discussed application of Quantum Computing has been to crack encryption.  Encrypted data that may take months or years to decipher given our current supercomputing capabilities, may take hours or minutes when the full potential of Quantum Computing has been realized.

Bitcoin and Ethereum Go Boom

One source paraphrased: Once quantum computing is actualized, encryption will be in lockstep progress, and a new cryptology paradigm will be implemented to secure our data. This kind of optimism has no place in the “Real World”. and most certainly not in the world financial markets.   Are there hedge funds which rightfully hedge against the cryptocurrency / QC risk paradigm?

Where is the Skepticism?

Is there anyone researching next steps in the evolution of cryptography/encryption, hedging the risk that marketplace encryption will be ready? The lack of fervor in the development of “Quantum Computing Ready” encryption has me speechless. Government organizations like DARPA / SBIR should already be at a conceptual level if not at the prototypical phase with next-generation cryptology.

Too Many Secrets

“Sneakers“, a classic fictional action movie with a fantastic cast, and its plot, a mathematician in secret develops the ultimate code-breaking device, and everyone is out to possess the device.  An excellent movie soon to be non-fictional..?

References:

 

Business, Science, Technology

Companies’ Fiber Infra Perform Quantum Computing Prior to Cloud, Elastic Computing Hub

Leave a comment

A Qubit, a base unit in Quantum computing, representing several states simultaneously, as opposed to a bit, on or off, two states, got me thinking based on the New York Times article on the Australians developing a new class of Quantum Computer, plus the article on Google’s Fiber Project, and my conversation with a Verizon FiOS engineer regarding their experimentation with alternate [color] light and their fiber applications got me thinking:
– The delivery system itself would process data, in addition to the EC hub, similar to the human nervous system.
– The alternating colors / frequencies represent multiple ‘applications’ overlapped within the fiber, and could provide the ability to throttle frequencies?

Note: However, Optical cables transfer data at the speed of light in glass (slower than vacuum). This is typically around 180,000 to 200,000 km/s, resulting in 5.0 to 5.5 microseconds of latency per km.

Cable Companies’ Fiber Gives an Expanded Scope to Cloud, Elastic Computing.  Leased lines may form a whole new battleground of opportunity, or at least reignite the battle for those familiar with the break up of the “Baby Bells”.