Algo Consulting, Inc. (20240380605). QUANTUMPROOF BLOCKCHAIN simplified abstract
Contents
QUANTUMPROOF BLOCKCHAIN
Organization Name
Inventor(s)
Jintai Ding of Cincinnati OH (US)
Yangxing Ding of Cincinnati OH (US)
QUANTUMPROOF BLOCKCHAIN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240380605 titled 'QUANTUMPROOF BLOCKCHAIN
Simplified Explanation: The abstract discusses the impact of quantum computing on blockchain technology and provides solutions to address security vulnerabilities that could be exploited by quantum attackers.
Key Features and Innovation:
- Analysis of the effects of quantum computing on blockchain technology
- Effective solutions to address security vulnerabilities in blockchain systems
- Focus on decentralized applications and the underlying blockchain technology
Potential Applications: The technology can be applied in various industries such as finance, healthcare, supply chain management, and more to enhance security and decentralization.
Problems Solved: The technology addresses security vulnerabilities in blockchain systems that could be exploited by quantum attackers, ensuring the integrity and confidentiality of data.
Benefits:
- Enhanced security in blockchain systems
- Protection against quantum attacks
- Improved decentralization and trust in decentralized applications
Commercial Applications: The technology can be utilized by companies in the financial sector, healthcare industry, and other sectors that require secure and decentralized systems to protect sensitive data.
Prior Art: Readers can explore prior research on quantum computing, blockchain technology, and cybersecurity to understand the background and evolution of the technology discussed in the abstract.
Frequently Updated Research: Stay updated on the latest advancements in quantum computing, blockchain technology, and cybersecurity to ensure the continued relevance and effectiveness of the solutions provided in the abstract.
Questions about Quantum Computing and Blockchain Technology: 1. How does quantum computing impact the security of blockchain systems? 2. What are the key differences between traditional computing and quantum computing in terms of cybersecurity and encryption methods?
Original Abstract Submitted
bitcoins and the underlying blockchain technology are one of the main innovations in building decentralized applications. the effects of quantum computing on this technology are analyzed in general. provided herein are effective solutions to address security vulnerabilities in a blockchain-based system that can be exploited by a quantum attacker.
