This paper describes the work carried out by the Inter-American Development Bank, the IDB Lab, LACChain, Cambridge Quantum Computing (CQC), and Tecnologico de Monterrey to identify and eliminate quantum threats in blockchain networks.
The advent of quantum computing threatens internet protocols and blockchain networks because they utilize non-quantum resistant cryptographic algorithms. When quantum computers become robust enough to run Shor’s algorithm on a large scale, the most used asymmetric algorithms, utilized for digital signatures and message encryption, such as RSA, (EC)DSA, and (EC)DH, will be no longer secure. Quantum computers will be able to break them within a short period of time. Similarly, Grover’s algorithm concedes a quadratic advantage for mining blocks in certain consensus protocols such as proof of work.
Today, there are hundreds of billions of dollars denominated in cryptocurrencies that rely on blockchain ledgers as well as the thousands of blockchain-based applications storing value in blockchain networks. Cryptocurrencies and blockchain-based applications require solutions that guarantee quantum resistance in order to preserve the integrity of data and assets in their public and immutable ledgers. We have designed and developed a layer-two solution to secure the exchange of information between blockchain nodes over the internet and introduced a second signature in transactions using post-quantum keys. Our versatile solution can be applied to any blockchain network. In our implementation, quantum entropy was provided via the IronBridge Platform from CQC and we used LACChain Besu as the blockchain network.
Marcos Allende, Diego López León, Sergio Cerón, Antonio Leal, Adrián Pareja, Marcelo Da Silva, Alejandro Pardo, Duncan Jones, David Worrall, Ben Merriman, Jonathan Gilmore, Nick Kitchener, Salvador E. Venegas-Andraca
Founded in 2014, CQC is a global leader in quantum software and quantum algorithms that help our clients get the best out of existing and developing quantum computers. Over the past several years, our team has grown to 70 + accomplished scientists focused on creating the best quantum software and enabling systems in the world.
Our technologies help the world’s most innovative chemical, energy, financial and material science companies to harness the transformative impact of quantum computing.
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