(EnterpriseTimes.co.uk) Temtum is preparing to assist enterprises with secure, resource-efficient blockchain solutions to withstand quantum computing’s ability to ‘break cryptographic-based solutions’.
According to research conducted by the National University of Singapore, the danger of quantum technology breaking a blockchain is not a question of ‘if’ but ‘when’. Researchers there stated that “the elliptic curve signature scheme used by Bitcoin is much more at risk and could be completely broken by a quantum computer as early as 2027”.
This makes it imperative, companies like QAN and temtum argue, that enterprises begin taking measures today to ensure that their blockchains are quantum-proof and secure into the future. Not to do this is to risk potential catastrophic losses.