Our global society has been rocked by financial and political crisis, and now the blockchain systems that offer us the chance to re‑order society for mutual good are threatened by quantum attack.
The ArQit blockchain uses an open source enterprise ledger that is built to create quantum resistant distributed autonomous organisations for businesses and communities.
This ledger and quantum key distribution technology is the result of 3 years of development by a partnership of open source developer community combined with corporate and scientific organizations worldwide.
Together we can bring all aspects of distributed ledger technologies to the safety of quantum security.
The keys that the World uses today are mainly the Public Private Key system. This form of key distribution will get hacked by Quantum Computers, which are around the corner.
ArQit is fixing the key problem by using Quantum Key Distribution. This uses the quantum properties of photons to create unique keys that can be shared between two parties in laser transmissions from a satellite. This is unhackable. These keys are embedded into the ArQit blockchain at Nodes, and also used to create shared secrets that can be used to safely onboard new users to the system.
But the World also needs to improve the lockbox. Many people, helpfully, are working on new algorithms, ArQit needs to partner with them and will fund new research into these techniques to create a truly collaborative community solution to the quantum threat.