Blockchain is one of the major revolutions that has taken the world by storm these past few years. It is an enabler of emerging supply chain, smart contract technologies, record management, clinical record tracking and is most predominantly used as a financial vehicle. It is seen as a financial asset and represents extreme amounts of extrinsic value. Cryptocurrencies like bitcoin are powered by blockchain technology and make it possible to conduct virtual transactions online, clear funds faster and enable trade without the need for a traditional bank or credit company.
There is a growing need for solutions that can protect data while creating an immutable record proving data has not been tampered with. Blockchain is perceived as highly secure due to its decentralized nature, consensus system of checks and balances, and cryptographic basis used to secure the data in a protected and validated state. For these reasons, it has become its own financial asset class for consumers and large funds.
https://b0715e5b8f16f717192f44ee8cd...tion.com/safeframe/1-0-38/html/container.htmlIntroducing Quantum Computing
We often see articles claiming that quantum computing will threaten blockchain, affecting the cryptographic base, communication protocols and compromising the immutability of its record. Since quantum computers are accessible via the cloud and are purposely being built by nation-state actors for cracking current cryptography, it is only a matter of time before threats against blockchain and cryptocurrency occur. A quantum computer operates differently from the classic computers we use today. Quantum computers use subatomic processes like entanglement and superposition to perform certain kinds of computations that are more powerful than our current computers can perform today.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/03/29/what-does-quantum-mean-to-blockchain-security/?sh=18bd5cae43ec
There is a growing need for solutions that can protect data while creating an immutable record proving data has not been tampered with. Blockchain is perceived as highly secure due to its decentralized nature, consensus system of checks and balances, and cryptographic basis used to secure the data in a protected and validated state. For these reasons, it has become its own financial asset class for consumers and large funds.
https://b0715e5b8f16f717192f44ee8cd...tion.com/safeframe/1-0-38/html/container.htmlIntroducing Quantum Computing
We often see articles claiming that quantum computing will threaten blockchain, affecting the cryptographic base, communication protocols and compromising the immutability of its record. Since quantum computers are accessible via the cloud and are purposely being built by nation-state actors for cracking current cryptography, it is only a matter of time before threats against blockchain and cryptocurrency occur. A quantum computer operates differently from the classic computers we use today. Quantum computers use subatomic processes like entanglement and superposition to perform certain kinds of computations that are more powerful than our current computers can perform today.
Continue reading: https://www.forbes.com/sites/forbestechcouncil/2022/03/29/what-does-quantum-mean-to-blockchain-security/?sh=18bd5cae43ec
