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What will happen to cryptography when computing reaches a new level?
Speaking at the World Economic Forum in Davos, Ana Paula Assis, an IBM executive, said that governments and businesses are completely unprepared for the devastating consequences that quantum computers will sow in cybersecurity in the coming years.
"Will quantum technologies really create Cyber-Armageddon?", Assis asked and immediately answered: "It will happen."
IBM has developed many of the fundamental technologies for the quantum era, which, according to the top manager, can come as early as 2030.
Quantum computers radically speed up computing power by performing parallel calculations rather than sequential ones. This will make existing encryption systems completely obsolete.
Some Governments are already starting to take the threat seriously. For example, the US Senate last year voted unanimously in favor of a bill designed to counteract the danger that quantum machines pose to modern cryptographic systems.
However, business is not yet ready to use the capabilities of such advanced systems, nor to cope with the chaos that they will create.
As Jack Haideri, CEO of SandboxAQ, said at the panel discussion, most companies do not yet have " sustainable plans to use AI and quantum technologies to solve basic problems."
According to him, a "catastrophe" is coming, given that scalable quantum computers will appear by 2029-2030, and banks will need 8-10 years to transition to post-quantum security protocols. All areas where encryption is used - from e-commerce to online banking-will be at risk.
China, according to Joel Mesot, president of the Swiss Higher Technical School, is also actively developing quantum technologies and is doing so "with all seriousness and confidence."
He believes that, unlike artificial intelligence, states will be able to better regulate this area, since it is highly dependent on the level of infrastructure.
IBM reports that already two-thirds of developers using quantum computers rely on the company's open-source Qiskit toolkit for writing code.
Thus, despite the efforts being made, the world clearly underestimates the danger and pace of development of quantum technologies, which threatens serious upheavals in the near future.
Speaking at the World Economic Forum in Davos, Ana Paula Assis, an IBM executive, said that governments and businesses are completely unprepared for the devastating consequences that quantum computers will sow in cybersecurity in the coming years.
"Will quantum technologies really create Cyber-Armageddon?", Assis asked and immediately answered: "It will happen."
IBM has developed many of the fundamental technologies for the quantum era, which, according to the top manager, can come as early as 2030.
Quantum computers radically speed up computing power by performing parallel calculations rather than sequential ones. This will make existing encryption systems completely obsolete.
Some Governments are already starting to take the threat seriously. For example, the US Senate last year voted unanimously in favor of a bill designed to counteract the danger that quantum machines pose to modern cryptographic systems.
However, business is not yet ready to use the capabilities of such advanced systems, nor to cope with the chaos that they will create.
As Jack Haideri, CEO of SandboxAQ, said at the panel discussion, most companies do not yet have " sustainable plans to use AI and quantum technologies to solve basic problems."
According to him, a "catastrophe" is coming, given that scalable quantum computers will appear by 2029-2030, and banks will need 8-10 years to transition to post-quantum security protocols. All areas where encryption is used - from e-commerce to online banking-will be at risk.
China, according to Joel Mesot, president of the Swiss Higher Technical School, is also actively developing quantum technologies and is doing so "with all seriousness and confidence."
He believes that, unlike artificial intelligence, states will be able to better regulate this area, since it is highly dependent on the level of infrastructure.
IBM reports that already two-thirds of developers using quantum computers rely on the company's open-source Qiskit toolkit for writing code.
Thus, despite the efforts being made, the world clearly underestimates the danger and pace of development of quantum technologies, which threatens serious upheavals in the near future.
