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Canada’s NRC Partners with College of Waterloo to Launch Initiative for Quantum-Safe Blockchain Expertise

By IQT News posted 22 Apr 2020

(SunriseRead) The Nationwide Analysis Council (NRC) of Canada partnered with the College of Waterloo to launch a two-year analysis initiative for quantum-safe blockchain expertise.
The analysis, led by College of Waterloo professors Srinivasan Keshav and Michele Mosca, is receiving a complete of $180,000 over this two-year interval to increase the group with different “extremely certified personnel,” mentioned Nic Defalco, communications advisor to the NRC.
Amongst state governments, Canada is the chief in quantum computing analysis, in keeping with Andersen Cheng, CEO of quantum R&D agency Submit-Quantum.
“Different governments try to play catch-up,” mentioned Cheng. “The U.S. is lagging behind fairly a bit. The UK is placing loads of cash into quantum computing {hardware} and now, they’re nearly to begin fascinated by post-quantum software program and cryptography.”
“Google’s quantum breakthrough is for a primitive kind of quantum computing that’s nowhere close to breaking cryptography,” mentioned bitcoin core developer Peter Todd. “We nonetheless don’t even know if it’s potential to scale quantum computer systems.”
Nonetheless, if there’s a normal understanding that quantum computing will likely be an issue for blockchain networks shifting ahead, Keshav, the professor at the College of Waterloo, asks: “Shouldn’t we be doing one thing about it right now?”
Keshav mentioned his newly commissioned analysis group could be trying right into a handful of the most promising “quantum-safe cryptography” instruments, together with lattice-based cryptography and multivariate public-key cryptography. His researchers will initially start testing on the enterprise-focused Hyperledger Cloth blockchain.

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