In today’s digital age, technological advancements continue to reshape our world at an unprecedented pace. Quantum computing is one such innovation that has the possibility to transform several industries. While it can (and will) create significant benefits, there will also be an increased cybersecurity risk to organizations as current encryption methodologies will be rendered useless. Considering this inevitability, Gray Matters has taken the necessary steps to future proof our Maverix platform by making sure it is quantum resistant at the transport layer.
Quantum computing uses the concepts of quantum physics to process data in ways that are significantly more efficient than traditional computer methods. It uses quantum bits, or qubits, to process information. Unlike in classical computing, where bits can only be in two states, 0 or 1, qubits can exist at 0 and 1 at the same time, which allows quantum computers to perform certain calculations and processes much faster than classical computers. The rise in computer capacity due to this innovation, has led to the possibility to solve complex problems much more quickly than what current technology allows.
However, as quantum computing becomes more powerful, it poses a serious threat and vulnerability to current encryption techniques and cryptography, which supports secure communication and data protection. In 2016, the National Institute for Standards and Technology (NIST) read the writing on the wall and knew that quantum computing technology would be able to decrypt current public key cryptography and invalidate much of the world’s public key infrastructure. In response to the concern, NIST experimented with new tools for the post-quantum computing reality, and in the end chose CRYSTALS-Kyber as the general encryption tool. This would become part of NIST’s post-quantum cryptographic standard. This standard is a huge milestone in securing sensitive data against the possibility of future cyber-attacks from quantum computers.
With that said, organizations need to prepare for the post-quantum future by proactively addressing the upcoming security problems. In today’s interconnected global marketplace, supply chain security is crucial. Therefore, it is essential to create post-quantum cryptographic algorithms like Kyber that are resistance to quantum attacks and can protect sensitive information and guarantee secure communication.
Security is built into the foundation of our Maverix platform. To fortify our immutable data ecosystem we use multilayer data encryption, data federation, identity and access management, role-based access controls, and rigorous testing. But understanding the potential impacts of quantum computing, Gray Matters went even a step further and is proud to have built the first blockchain-enabled, post-quantum resistant platform that can provide supply chain managers with cutting-edge security and protection.
By leveraging such advanced algorithms, such as Kyber, Gray Matters ensures that their supply chain platform remains resilient and immune to future threats posed by quantum computers. With the post-quantum resistance, the communication – with and among – instances is now hardened against harvesting attacks. Maverix can offer customers a platform that not only provides the immutability of data stored on a blockchain, but a quantum resistant transport layer for communication protection and security. By embracing quantum computing and investing in post quantum-resistant solutions, businesses can safeguard their operations and build a robust foundation for the future.