Disclaimer: This post was written when Quantum Xchange was focused on building and selling the first quantum network in the U.S.
We have since pivoted our business and product offering, with the invention of Phio Trusted Xchange (TX), a first-of-its-kind quantum-safe, out-of-band key delivery system. While our technology offering can support QKD deployments, we are not a quantum communications provider or reseller. Our quantum-safe key exchange supports quantum keys generated from any source(QRNG or QKD) protected by any method (all PQC key encapsulation algorithms).
In a recent article, New York Times reporters Cade Metz and Raymond Zhong divulge a fierce competition as the world’s leading technology companies scramble to be the first to build a powerful quantum computer to encrypt and secure data. While some security experts question the effectiveness of quantum encryption, the concept is new and meticulous testing is needed to win the confidence of world leaders and technology companies.
However, China’s willingness to experiment and provide government, academic, and commercial resources could result in success sooner than the rest of the world. Recent activity in China suggests new advances in quantum computing and the research is a priority. In addition, China continues to invest millions to build networks that can transmit data using quantum encryption. As one of China’s investments in quantum encryption, the Micius satellite has received the most attention. The satellite successfully completed a video call between Beijing and Vienna using quantum encryption.
In the United States, start-up companies like Quantum Xchange compete in this world race. With the first quantum encryption network in development, it will serve as a link between Manhattan and Newark businesses. With future plans to extend up and down the East Coast, Quantum Xchange will replace ordinary mathematic encryption with quantum computing. This powerful encryption will serve Wall Street Banks and other data sensitive businesses along the Northeast corridor and beyond.
Read the full article here: The Race Is On to Protect Data From the Next Leap in Computers. And China Has the Lead
