TAIPEI (Taiwan News) – From its research center in Taipei, Taiwan, BTQ is preparing for the next era of cybersecurity by developing digital encryption tools at the dawn of the quantum computing era.
For most readers, this probably seems too abstract, especially since the quantum computer has not yet been invented. However, governments and companies expect such a device to appear in the near future.
Excited by the possibilities and concerned about the potential risks quantum computers may present, companies like BTQ and others are positioning themselves to provide security solutions for digital assets against quantum computer-based attacks.
Recently, BTQ Chief Scientific Officer Cheng Chen-Mou (鄭振牟) joined the Startup Island Taiwan podcast with host Jeremy Olivier, discussing some issues with post-quantum coding (PQC) and explaining the work that BTQ is doing.
Post-quantum cryptography is a fascinating and challenging field that combines the study of physics, mathematics, computer science and electrical engineering, said Cheng, who has been involved in the field for more than 15 years as a developer and in academia.
To explain the relationship between quantum computing and quantum post cryptography, Cheng said that for BTQ, quantum computing is often envisioned as an adversary. Quantum post cryptography, on the other hand, is seen as the tools and skills needed to defend against the risks posed by such an adversary.
Currently, BTQ’s main focus is on blockchain cryptography, specifically the current process of transferring sensitive information on publicly available networks to more secure blockchain networks. This transition has been advocated by the National Institute of Standards and Technology (NIST) of the US Department of Commerce.
Cheng also noted that the National Institute of Standards and Technology (NIST) is a key player in coordinating this transition. Back in July, after six years of research and analysis, the National Institute of Standards and Technology (NIST) announced standardized algorithms for quantum computing operations. The announcement has been a huge boon for companies like BTQ, because they can now start developing applications and related technologies using a set of accepted global standards.
It is now an urgent priority for businesses and governments around the world to secure web transactions that still take place on unencrypted networks. Legacy networks are simply not secure against current cyber threats, Cheng said, and BTQ wants to help with this transition by looking for cryptographic tools to secure these new blockchain-based networks.
Cheng said, using the metaphor of home renovation, that at present the entire Internet needs to “replace all the pipes” to ensure that online security is tight, and that there are no weak links. Given the sheer scale of such an operation, there are plenty of opportunities as well as daunting challenges on the horizon for those involved in PQC. BTQ is just a small player, Cheng said, but she wants to be part of the effort.
Zheng stressed that even appliances with very little computing power, such as refrigerators or other household appliances, must also be secured. One aspect of this process is the development of new devices for such devices.
in September, announced BTQ It was collaborating with Taiwan’s Industrial Technology Research Institute (ITRI) to do so. The two will work together to develop a new type of computer chip to enhance security for these new blockchain-based networks, and hopefully also reduce energy usage in the process.
The full interview can be broadcasted by the player above or on Starting Island in Taiwan Podcast page. Readers can learn more about BTQ by visiting the website website. For those interested, BTQ hosts a PQC workshop In Taipei in early December as part of Taipei Blockchain Week.