J.P. Morgan Creates Blockchain Resistant to Quantum Computer Hacking Threat
J.P. Morgan Chase announced the start of work on creating a blockchain that is resistant to cyberattacks using quantum computers.
To improve the network's security, it will implement a quantum key distribution (QKD) method for encrypting information.
The blockchain has a data transfer rate of up to 800 gigabits per second, and it supports up to 258 communication channels with the AES-256 symmetric blockchain encryption algorithm. The key to decrypt messages changes every second.
"We are gearing up to release quality quantum computers that will change the perception of the level of security of blockchain technology and cryptocurrencies for the foreseeable future.
We are proud to be at the forefront of putting QKD technology into practice," said Marco Pistoia, head of the FLARE research group at J.P. Morgan Chase.
