Addressing future threats: The “save now, decrypt later” challenge
The trial also addressed the threat of a “save now, decrypt later” (SNDL) cyber incident, where bad actors steal sensitive data and later decrypt it using powerful quantum computers that don’t yet exist.
Philip said: “By addressing the SNDL threat, we are not only preparing for the future, but actively shaping it. This groundbreaking advance demonstrates that we can future-proof the delivery of our digital assets against the potential threats of quantum computing.”
Impact on the financial services industry
The successful testing of quantum-safe technology in tokenized gold transactions has important implications for financial services: as digital assets become increasingly mainstream, robust security measures that can withstand future technological advances will be crucial.
The integration of quantum-safe technology and tokenized assets also opens up new possibilities for cross-platform interoperability, which could make trading of digital assets across different blockchain networks and traditional financial systems more efficient and secure.
Ilyas added: “The convergence of quantum computing and blockchain technology is creating a new paradigm in financial security. Our collaboration with HSBC is at the forefront of this innovation, paving the way towards a more resilient digital financial infrastructure.”
As research into quantum technology advances, the ability to protect digital assets from both current and future threats will become a key differentiator for financial institutions.
Philippe concludes: “The combination of tokenized assets and quantum-safe technology creates a new standard of security and innovation in digital finance. This is not just about protecting assets, but about building trust in the digital financial ecosystem of the future.”
