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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
Languages
Concepts
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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

Does quantum computing mean chaos?

So why is internet security, as it stands today, a ticking time bomb? Would there be chaos if quantum computing became mainstream, and what are the chances of that happening? These are the questions that have largely been troubling nation states worried about cyber warfare. CEOs of top banks and healthcare firms dealing with sensitive client data are also worried about data security.

Let's quickly look at where the quantum computing world is and why it might be a threat to global data security. In 1994, Peter Shor presented two quantum algorithms. One that could factor large prime numbers and another that could compute discrete logarithms in a finite field of prime order. The former could be a threat to the RSA method, and the latter would address elliptic curves.

Shor essentially showed that almost all public key encryption techniques we use today can be cracked using a quantum Fourier attack. He used quantum Fourier sampling to find the...

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