The quantum clock is ticking
Business Standard|October 11, 2024
On August 13 this year, a significant milestone in quantum technology was achieved as the National Institute of Standards and Technology (NIST) announced the first three Post-Quantum Cryptography (PQC) standards.
AJAY KUMAR

These standards open the door for the rollout of this technology in establishments worldwide, addressing concerns about quantum computers breaking current encryption protocols, and endangering the entire cyber landscape.

Quantum technologies are set to disrupt the digital world as we know it. Having already witnessed the rapid transformation of the past five decades through digital innovation, we now face an even faster revolution with quantum technology. As a highly disruptive force, it will reshape industries, economies, and security at an unprecedented pace. Unsurprisingly, it has become the focal point of the global tech race, with leading nations vying for supremacy in this game-changing field.

Two key technology trends have emerged: PQC and Quantum Key Distribution (QKD). PQC involves developing cryptographic algorithms resistant to quantum attacks, while QKD uses quantum mechanics to securely distribute encryption keys. Curiously, there is no consensus yet on which of these, or whether both, would become the norm. The world is split between the two approaches: The United States favours PQC, while China and Russia are investing heavily in QKD.

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