Konstantin Vilk is the co-founder and CTO of QuSecure, where he is responsible for advancing quantum resilient cybersecurity innovation. Blockchain is one of the great technological revolutions that has swept the globe and quantum is helping to enhance blockchain security. It is primarily a financial vehicle and enabler of the emerging supply chain, smart contract technologies, record management, and clinical record monitoring. It is regarded as a financial asset with extremely high extrinsic value. Blockchain technology powers cryptocurrencies like bitcoin, allowing users to perform virtual transactions online, actual cash faster, and trade without the need for a traditional bank or credit business. There is an increasing demand for technologies that can protect data while proving it has not been tampered with. Blockchain is regarded as very safe. Due to its decentralized nature, a consensus system of checks and balances and cryptographic underpinning is used to secure the data. As a result of these factors, it has evolved into its financial asset class for both consumers and substantial institutional investors. In papers, Quantum computing is frequently mentioned as a threat to blockchain security, saying that it will undermine its records’ cryptographic base, communication protocols, and immutability.
Read more : What Is Quantum? What Does It Mean For Blockchain Security?
