Although it seems that quantum computing can revolutionize many industries for good, cybersecurity is one of the industries that is threatened by its increase. In addition, combining quantum computing can create standardized standard encryption algorithms.
By Matt Robinson(cybersecurity)
Quantum computing has become a keyword that has been thrown around recently, with a lot of speculation that this technology will basically change the company’s technology ecosystem. While this technology is still in a period of growth, many applications can speed up the adoption process of quantum computing according to the McKinsey & Company report ‘Next Technology Revolution: Quantum Computing in cybersecurity.
The Indian government has partnered with research groups and leading universities to encourage quantum innovation. The company also plays an important role in changing quantum research into a business use case. According to a report by Nasscom published in February 2022, the adoption of a quantum computing company is expected to change from 1-2 percent to 35-45 percent over the next decade in cybersecurity.
This technology also has great potential in fields such as medical research, artificial intelligence, weather forecasting, and more. According to market and market reports, the quantum computing market size is expected to reach $ 1,765 million from $ 472 million between 2021-2026 with a CAGR of 30.2%. The initial adoption of quantum computing in the banking and financial sector is expected to trigger global market growth. Quantum computing will also play an important role in understanding protein molecules for drug discovery, satellite placement, and cryptography. Many companies provide interested in the adoption of quantum computing in the future as a service (QCAA).
Although it seems that quantum computing can revolutionize many industries for good, cybersecurity is one of the industries that is threatened by its increase. Faster data processing speeds to identify insights that can be followed up can also arm the threat actors to carry out brute-up attacks. In addition, combining quantum computing can create standardized standard encryption algorithms.
Therefore, company security currently demands that the data encryption algorithm must be made safely quantum.