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Quantum Computing and Blockchain in Business

You're reading from   Quantum Computing and Blockchain in Business Exploring the applications, challenges, and collision of quantum computing and blockchain

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Product type Paperback
Published in Mar 2020
Publisher Packt
ISBN-13 9781838647766
Length 334 pages
Edition 1st Edition
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Author (1):
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Arunkumar Krishnakumar Arunkumar Krishnakumar
Author Profile Icon Arunkumar Krishnakumar
Arunkumar Krishnakumar
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Table of Contents (20) Chapters Close

Preface 1. Introduction to Quantum Computing and Blockchain 2. Quantum Computing – Key Discussion Points FREE CHAPTER 3. The Data Economy 4. The Impact on Financial Services 5. Interview with Dr. Dave Snelling, Fujitsu Fellow 6. The Impact on Healthcare and Pharma 7. Interview with Dr. B. Rajathilagam, Head of AI Research, Amrita Vishwa Vidyapeetham 8. The Impact on Governance 9. Interview with Max Henderson, Senior Data Scientist, Rigetti and QxBranch 10. The Impact on Smart Cities and Environment 11. Interview with Sam McArdle, Quantum Computing Researcher at the University of Oxford 12. The Impact on Chemistry 13. The Impact on Logistics 14. Interview with Dinesh Nagarajan, Partner, IBM 15. Quantum-Safe Blockchain 16. Nation States and Cyberwars 17. Conclusion – Blue Skies 18. Other Books You May Enjoy
19. Index

Security in a post-quantum world

Cryptographic schemes are more secure as the hardness of the problem to be solved increases. In a post-quantum world, the ECC method becomes easily solvable for reasons we saw earlier. One of the alternatives that can be used to make encryption quantum-proof is using hash-based signature schemes. Let's look at XMSS, which uses hash functions.

eXtended Merkle Signature Scheme (XMSS)

XMSS is one of the hash-based signature schemes that is being explored by QRL. There are two key aspects of XMSS that makes it a good candidate for post-quantum encryption. It uses a hash function, and it follows a One-Time Signature (OTS) system. It is also based on the Merkle signature scheme. The Merkle signature scheme was developed by Relph Merkle in 1970s and is quantum-resistant. As the Merkle signature scheme relies on secure hash functions, they can be categorized as PQC.

The public key in the Merkle signature scheme can only be used to sign a...

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