JP Morgan Brings 'Quantum' Formula Security to Its Coin

JPMorgan, Toshiba and Ciena are looking for a new way to protect blockchain with a quantum network. A team of quantum computing engineers from three organizations reports the success of a powerful and newly developed encryption network.

A paper by the team showed that a "quantum key distribution" (QKD) network, a super-secure two-way communication network powered by quantum physics, has been tested for the first time as a way to protect the blockchain from quantum computing attacks.

In addition, this new formula can be used to protect communication.

“Security Is Very Important For JP Morgan Coin”

Marco Pistoia, Head of JP Morgan's Future Laboratory for Applied Research and Engineering, one of the leaders of the research, stated that security is very important to his company and said, “This work continues to prepare for the introduction of production-quality quantum computers that will change the security landscape of technologies such as blockchain and cryptocurrency in the near future. while he is coming.” said.

JP Morgan, an advocate of blockchain technology for use in the financial system, launched its own digital currency called JPM Coin in 2019.