G7 Urges Crypto Industry To Switch To Post-Quantum Encryption

(MENAFN- Investor Brand Network) The Group of Seven (G7) is encouraging organizations to commence preparations for a future in which quantum computers could break the encryption used to protect digital systems. The warning, issued by the G7 working group on cybersecurity on Sept. 3, has important implications for the cryptocurrency industry, even though the report does not mention crypto directly.

The concerns being raised by the G7 are, in a way, recognition that companies like D-Wave Quantum Inc. (NYSE: QBTS) on the frontline of quantum computing development are...

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