The quantum threat is emerging. Google’s latest research indicates that the resources required to break the encryption securing Bitcoin may be up to 20 times lower than earlier estimates suggested. As a result, companies such as Google and Cloudflare plan to be ready for the quantum threat by 2029.
In a recently published article in Refresh Miami, Rebecca Krauthamer, CEO and Co-Founder of QuSecure, urges founders and operators in Miami’s blockchain tech community to pay attention to the underlying cryptography in their systems and infrastructure.
Key Insights
- The quantum threat matters now because of “store now, decrypt later” attacks where adversaries steal sensitive data now to decrypt it with a quantum computer later.
- Post-quantum cryptography exists today as a standards-based solution that organizations can begin testing, piloting, and adopting to protect data against quantum threats.
- It is critical to implement crypto-agility, enabling organizations to rapidly update cryptographic standards, to evolve alongside the dynamism of threats from quantum computing and AI.
Why This Matters
Everyone talks about cryptocurrency. However, post-quantum migration deadlines are accelerating. Quantum computing threatens the foundational cryptographic trust behind fintech and blockchain systems. This includes transactions, wallet security, and digital ownership. Therefore, it is a critical risk for any institution handling sensitive data. Many organizations underestimate the importance of cryptography that secures digital systems and lack the urgency to take action.
Read the Full Article
Read Rebecca Krauthamer’s full insights on the quantum threat, and what it means for blockchain technology in Refresh Miami.
