Quantum Computing Study Group

Overview

In the past, a technology that broke an existing cryptographic method was used on real-time or near real-time data. Today, the Internet has a massive storage capacity that allows many years of data to be stored. This means that in 5 to 10 years, new technology could be applied to the stored data allowing it to be decrypted. This raises a question, is it too late to protect data already stored or being stored today from future attacks?

There are research centers around the world working to create a large scale, fault tolerant, general-purpose quantum computer. For many years, the question was- could such a computer ever be created? Now, there is some agreement that such a computer can be created although a lot of work is still required. The new question is – when? The answer to that question will have a major impact on data communications and specifically the financial services industry.

The Quantum Computing study group was created to review the state of quantum computing and to try to determine a time period for when it is most likely that a large-scale quantum computer will exist and, based on this prediction, propose a high-level roadmap for protecting information used by the financial services industry. For more information, visit X9’s Quantum Computing Information Page

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