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Crypto & Bitcoin

Hong Kong Launches Post-Quantum Preparation Toolkit for Banks

Reported by NewsBTC

Image: NewsBTC

TL;DR: The Hong Kong Monetary Authority and the Hong Kong University of Science and Technology announced a post-quantum cryptography assessment toolkit on November 2. Post-quantum migration is not the same thing as making every blockchain or bank system instantly quantum-secure. Good security planning is often unglamorous. Discovering where keys are issued, which partners rely on them and when equipment will be replaced is difficult work, but it makes future transitions possible. The banking sector has a reason to start early because data captured today can remain sensitive long after the original connection has ended.

This is an excerpt. The reporting belongs to NewsBTC.

Read the full report on newsbtc.com
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