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The digitalisation of the economy has impacted the financial services industry more than others. Digital financial transactions have replaced physical currencies. Banknotes were exchanged on trust. They were issued by trustworthy institutes in the country and used between parties without fear of doubt.
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The Indian Cabinet recently approved the National Quantum Mission. The mission is essential for building excellence in national quantum security and developing quantum computers, quantum communication, new materials, quantum sensors, and quantum cryptography.
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The process of encrypting data is called cryptography. It converts plain text into scrambled text so that someone with the right “key” can read it. Quantum cryptography, by extension, uses the principles of quantum mechanics to encrypt data and transmit it securely.
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Companies and governments around the world are in a race to build the first usable quantum computer. The technology promises to make some kinds of computing problems much, much easier to solve than with today’s classical computers, but it also poses a significant threat to the integrity of encrypted data.
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The landscape of digital security is constantly evolving and threats loom large. But, the emergence of quantum security provides hope. Quantum security represents a paradigm shift in the way we safeguard our digital infrastructure against increasingly sophisticated attacks.
Quantum tunnelling is one of the most intriguing phenomena in quantum physics. Tunnelling may appear to have little relevance to everyday life but it is a fundamental process of nature that is responsible for many things on which life itself is dependent.
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In quantum mechanics, the phenomenon of quantum entanglement stands out as both perplexing and fascinating. It is one of the iconic principles of quantum physics and probably the bedrock of new-age quantum technologies.
At the core of quantum mechanics is the idea that particles, such as electrons and photons, can exist in multiple states simultaneously. Unlike classical physics, where an object can only exist in one state at a time, quantum superposition allows particles to exist in a combination of states.
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We are witnessing the second quantum revolution. We are, for the first time, exploring the possible applications of quantum superposition and quantum entanglement. Quantum communication is one of the important use cases of quantum mechanics. Building a large and fully-functional quantum network will determine the commercial success of quantum communication.
Superposition is one of the most iconic concepts in quantum physics. The principle says that the particles such as electrons can exist in multiple positions simultaneously. For example, imagine a coin tossed in the air—it is not in a definite state of heads or tails while in the air until it is observed. Similarly, sub-atomic particles in quantum superposition exist in all possible states until they are measured.
In computer science and technology, the term “quantum computing” has emerged as a buzzword, capturing the imagination of scientists, engineers, and enthusiasts alike. But what exactly is a quantum computer, and how does it differ from classical computers?
Quantum computing uses fundamental principles of quantum mechanics to perform complex processing. Quantum cryptography leverages the same principles for advanced data encryption. However, quantum computing and quantum cryptography are not allies. Instead, they stand tall against each other at the crossroads!
In cybersecurity, where data protection is paramount, traditional cryptographic methods have long been the stalwart guardians of sensitive information. However, as computing power advances, so too do the tools available to potential attackers. In the ever-evolving landscape, the emergence of quantum cryptography offers a promising solution to the challenges of secure communication in the digital age.
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