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The creation of cryptographic methods for conventional computers that can thwart attacks from quantum computers is known as post-quantum cryptography, also known as quantum encryption.
In order to secure and transmit data in a way that cannot be intercepted, quantum cryptography employs the inherent features of quantum physics. Data is encrypted and protected using cryptography so that only those with the proper secret key may decrypt it.
The global post – quantum cryptography chip market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The Technical University (TUM) has created and ordered the manufacture of a chip that will use so-called post-quantum cryptography. The ASIC’s architecture, which is based on RISC-V technology, aims to show that it is possible to thwart attempts by hackers to use quantum computers to decrypt communications.
To examine strategies for detecting this kind of “virus from the chip factory,” the team included hardware trojans on the chip in addition to co-design techniques to enable Khyber-based post-quantum detection. First post-quantum cryptography device based solely on a hardware/software co-design methodology is their chip.
The chip has a specially created hardware accelerator and can run the significantly more computationally intensive SIKE algorithm in addition to lattice-based post-quantum cryptography algorithms like Khyber.
The company claimed that utilizing only software-based encryption, its system can implement SIKE 21 times faster than chips. If lattice-based techniques become insecure in the future, SIKE is viewed as a possible replacement.
The first business to provide an end-to-end, quantum resilient orchestration platform is Qu Secure, Inc., a pioneer in post-quantum cryptography (PQC). The solution provided by Qu Secure, Qu Protect, is the first PQC software-based platform in the market specifically created to safeguard encrypted data and communications using a quantum secure channel and industry-standard PQC algorithms.
It addresses current traditional assaults and potential quantum computing risks to businesses and government organizations. Qu Secures innovative strategy, as described in a separate Qu Secure Product Launch press release, had previously allowed the company to secure a triple-oversubscribed seed round from investor groups like Band of Angels, and has attracted a lot of interest for future funding activities from an A-list of investors.