DATA & FIGURES
Algorand plans to achieve quantum resilience by 2027, with nearly 10% of Bitcoin supply considered 'structurally unsafe' from quantum breakthroughs. The US National Security Agency has set a requirement for all new national security systems to use quantum-resistant algorithms starting January 1, 2027, with non-quantum-resistant systems to be phased out by the end of 2030.
THE SCENARIO
The geopolitical and economic context surrounding quantum computing is one of caution and preparation. With the potential for quantum computers to break current cryptographic systems, governments and businesses are taking proactive steps to ensure their digital infrastructures are secure.
DIRECT QUOTE
"Governments, standards bodies, and security experts around the world are already preparing for a future where quantum computers may break many of the cryptographic systems that protect today's digital infrastructure." — Bruno Martins, Technology Chief, Algorand Foundation
BBN INSIGHT
The decision by Algorand to invest in quantum resilience reflects a growing recognition of the potential risks posed by quantum computing to the cryptocurrency ecosystem. As Google, France's ANSSI, and the US National Security Agency take steps to prepare for a quantum computing future, blockchain platforms must also adapt to ensure the security and integrity of their networks.