Class
Article
College
College of Engineering
Department
Electrical and Computer Engineering Department
Faculty Mentor
Jeannie Johnson
Presentation Type
Poster Presentation
Abstract
Traditional, digitally secured Information and Communications Infrastructures (ICI) whose encryption, transmission and reception architectures are approved for sensitive data will soon be vulnerable to quantum penetration. This leads to security compromises impacting public and private spheres. The state which first achieves Quantum Supremacy will have a window of opportunity to compromise its adversaries’ ICI and gain valuable information, while protecting their own sensitive data. Central Bank Digital Currencies (CBDC) reliance on Blockchain technology for financial transactions poses economic and security challenges to the US, by undermining global reliance on Society for Worldwide Interbank Financial Transactions (SWIFT) and the US Dollar as the international monetary standard. However, CBDC blockchain dependence poses an opportunity for near horizon US quantum networks to undermine the blockchain banking networks by breaking the encryption algorithms that keep digital currency transactions secure. Within this context, an assessment is provided of US quantum technologies’ (QT) strategic priorities, development status, deployable timeframes, and vulnerable exploits. This assessment is used to identify key QT which the US, collaborating with its allies, should develop towards realizing a quantum internet which can support quantum computing and quantum networks capable of securing information and communications infrastructures. This project suggests recommendations for a “first-to-capture” strategy incorporating US public-private entities as the intended recipients of a Quantum Intranet. This will secure information against adversary penetration, disrupt CBDC networks which undermine global financial norms, and maintain US global economic and security strategies. Presentation Time: Thursday, 10-11 a.m.
Location
Logan, UT
Start Date
4-12-2021 12:00 AM
Included in
Central-Bank-Digital-Currency Blockchains; US Economic Influence Threatened – Requires Quantum Network Development and Deployment
Logan, UT
Traditional, digitally secured Information and Communications Infrastructures (ICI) whose encryption, transmission and reception architectures are approved for sensitive data will soon be vulnerable to quantum penetration. This leads to security compromises impacting public and private spheres. The state which first achieves Quantum Supremacy will have a window of opportunity to compromise its adversaries’ ICI and gain valuable information, while protecting their own sensitive data. Central Bank Digital Currencies (CBDC) reliance on Blockchain technology for financial transactions poses economic and security challenges to the US, by undermining global reliance on Society for Worldwide Interbank Financial Transactions (SWIFT) and the US Dollar as the international monetary standard. However, CBDC blockchain dependence poses an opportunity for near horizon US quantum networks to undermine the blockchain banking networks by breaking the encryption algorithms that keep digital currency transactions secure. Within this context, an assessment is provided of US quantum technologies’ (QT) strategic priorities, development status, deployable timeframes, and vulnerable exploits. This assessment is used to identify key QT which the US, collaborating with its allies, should develop towards realizing a quantum internet which can support quantum computing and quantum networks capable of securing information and communications infrastructures. This project suggests recommendations for a “first-to-capture” strategy incorporating US public-private entities as the intended recipients of a Quantum Intranet. This will secure information against adversary penetration, disrupt CBDC networks which undermine global financial norms, and maintain US global economic and security strategies. Presentation Time: Thursday, 10-11 a.m.