Cambridge Researcher Proposes ‘S-Money’ Based on Quantum Theory
(Computing.uk) Researchers at the University of Cambridge have proposed a theoretical form of virtual money called “S-Money” that would be highly secure, fast to transfer, and could also enable financial transactions on galactic scale. The idea of S-money was inspired by quantum theory and the theory of relativity and is the brainchild of Professor Adrian Kent from the Cambridge University’s Department of Applied Mathematics and Theoretical Physics and the lead author of the study.
S-money refers to virtual tokens designed for high-value fast transactions. It proposes the creation of a financial network in which ultra-secure virtual tokens would appear at just the right place and at right time. This new approach would also protect funds from potential attacks by quantum computers in the future. Moreover, it would enable funds to be transferred over essentially any distance, even across the solar system and beyond, Kent suggested, at some point in the far future.