These days, Blockchain technology is gaining more and more attention as one of the most secure ways to share and encrypt data. But, according to Gregory Shannon, Chief Scientist of Carnegie Mellon University, it may not always be that way once quantum computing comes along.
Even though it is relatively new to industries outside of the encryption community, Shannon says Blockchain is ideal for the healthcare and medical industries as well as economic systems worldwide. Due to the data encryption, information, currencies, and contracts can remain safe from cyber intrusion, hackers, and other types of malicious tampering.
But the speeds at which quantum computers are expected to solve problems there raises the possibility that Blockchain encryption can be broken by outside persons, putting previously secure information and economies at great risk.
On the plus side, Shannon asserts that once quantum computers are available to break Blockchain encryption, they can also be used to shore up encryption technology against quantum intrusion.
As long as encryption specialists keep up with hardware capabilities, Blockchain and other security protocols can maintain the level of data safety we have come to expect from them.
While Blockchain tech is making headlines around the world, it is important to ensure that the encryption and safety are not taken for granted. When our healthcare information or the stability of economies are at stake, the encryption technologies have to keep up not only with the current tech but consider what’s coming next as well.
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