JPMorgan, Toshiba, and Ciena discover a way to protect blockchains

Quantum computing engineers from JPMorgan Chase, Toshiba Corp and Ciena Corp have successfully struck a powerful, newly-developed encryption network can be used to protect communications on the blockchain.

The group of researchers say it is the first time that a quantum key distribution (QKD) network, a super-secure two-way communication network powered by quantum physics, has been tested as a way to protect the blockchain from quantum computing attacks.

Quantum computers can process information and calculations at a faster rate than classical computers.

JPMorgan has been a proponent of blockchain technology for use in the financial system, and the bank launched its own digital currency called JPM Coin in 2019.

Leave a Reply

Your email address will not be published. Required fields are marked *