(TechSpot) Toshiba has been awarded a quantum-based network development contract by the National Institute of Information and Communications Technology (NICT). Toshiba recently announced its intention to break into the quantum computing market. The move is in lockstep with the company’s latest strategy to shift to more economically resilient technology markets.
According to a statement provided by Corporate Vice President Taro Shimada, quantum cryptography will be at the heart of the communication setup. The following is an excerpt from his statement regarding this.
“Our business plan goes far deeper and wider than selling quantum cryptographic hardware. We are developing a quantum platform and services that will not only deliver quantum keys and a quantum network, but ultimately enable the birth of a quantum internet.”
Its quantum computing segment targets vulnerable sectors such as finance, health care, and defense. Quantum key distribution (QKD) technology will be used to connect trusted remote partners through a dedicated network that utilizes photon technology for security.