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Startup: Only Quantum Cryptography Can Save The $100 Trillion Global Digital Economy

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Not a quantum computer or a quantum encryption. Nations and startups around the world are investing hundreds of billion of dollars in quantum computing, says quantum security startup CEO James Nguyen. And while there are plenty of positives in quantum computing technology — new medical treatments are just one — the problem is that for a high-functioning quantum computer, all the cryptographic security we currently have could be as flimsy as using “password123” for your bank account.

That means that $100 trillion could be at risk by 2025.

“The World Economic Forum already said that by 2025 … the digital economy is going to be worth a hundred trillion dollars,” Ngyuyen told me recently on the TechFirst podcast . “And … everything that we operate today that’s important to us, such as our memories, our financial assets, our legacy, or even our military weapons … anything that we deal with in sets of information … is controlled over the internet.” Quantum pioneer IBM says that quantum computing will create new exposure risk since quantum computers can quickly solve the complex math problems that form the foundation of today’s security. Those problems secure our bank accounts and nuclear weapons, and while classical […]

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