Google’s latest research delivers a clear warning: the cryptography securing today’s cryptocurrencies is not future-proof. Advances in quantum computing are accelerating, and the resources needed to break core encryption (elliptic curve cryptography) are far lower than previously thought. This isn’t a distant, theoretical risk anymore. It’s a strategic, time-bound challenge. What’s changed? 20x efficiency gain: Google…
I had a great chat the other day – the first in a series of three – with Quant’s Chief Product Officer Martin Hargreaves about programmable liquidity. What’s that? Read on … Programmable liquidity: five foundations reshaping modern treasury How is programmable money reshaping treasury operations and financial infrastructure? This conversation moved beyond theoretical frameworks…
Hartmut Neven, Founder and Lead of Google Quantum AI, has recently written a critical perspective on securing the “Quantum Era”, alongside his colleague Kent Walker, President of Global Affairs for Google and Alphabet. What do these guys know that you don’t? Perhaps, most critically, the fact that the near-term revolution of computing – quantum –…
I often talk about quantum computing and how it could break the encryption keys of our current financial system, including bitcoin and cryptocurrencies. In fact, the first time was seven years ago, when I referred to The Quantum Resistant Ledger. Even way back then, there was a company working on ideas to avoid encryption…
Microsoft just unveiled a new chip called Majorana1 that it says will enable the creation of quantum computers able to solve “meaningful, industrial-scale problems in years, not decades”. Two months ago Google unveiled Willow, a chip that “can reduce errors exponentially as we scale up using more qubits” and can process a computation “in under five minutes…
I know that we deal with quite complicated things in financial technologies. AI, AGI, ASI (Artificial Intelligence, Artificial General Intelligence, Artificial Super Intelligence); machine learning and deep learning; blockchain, shared ledgers and distributed ledger technologies; cryptocurrencies, virtual currencies and digital currencies; Open Banking and Open APIs; and so on and so forth. In fact, the…
