New: Quantum Physics Cryptography

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The way we secure digital transactions could soon change. An international team has demonstrated a form of quantum cryptography that can protect people doing business with others they may not know or trust – a situation encountered often on the internet and in everyday life, for example at a bank’s ATM.

“Having quantum cryptography to hand is a realistic prospect, I think. I expect that quantum technologies will gradually become integrated with existing devices such as smartphones, allowing us to do things like identify ourselves securely or generate encryption keys,” says Stephanie Wehner, a Principal Investigator at the Centre for Quantum Technologies (CQT) at the National University of Singapore.

In cryptography, the problem of providing a secure way for two mutually distrustful parties to interact is known as ‘two-party secure computation’. The new work, published in Nature Communications, describes the implementation using quantum technology of an important building block for such schemes.

iHLS – Israel Homeland Security

Today, taking money out of an ATM requires that you put in a card and type in your PIN. You trust the bank’s machine with your personal data. But what if you don’t trust the machine? You might instead type your PIN into your trusted phone, then let your phone do secure quantum identification with the ATM.

Ultimately, the aim is to implement a scheme that can check if your account number and PIN matches the bank’s records without either you or the bank having to disclose the login details to each other.