Honeywell-backed company to sell super-secure quantum encryption key

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December 7 (Reuters) – Quantum computer software company Cambridge Quantum announced on Tuesday that it is launching a platform capable of generating ultra-secure cryptographic keys and selling them as a commercial product.

The UK-based startup this year became a wholly-owned subsidiary of Quantinuum, a quantum hardware and software company in which Honeywell International Inc (HON.O) has a 54% stake. Read more

Cambridge Quantum uses the quantum computer to generate a particularly random encryption key, its cybersecurity manager Duncan Jones said in an interview with Reuters.

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Quantum computers can generate a more random encryption key than conventional computers, making them more secure and less vulnerable to cyber attacks, he said.

Cambridge Quantum has said it will target its “Quantum Origin” service at financial services companies and cybersecurity firms before expanding it to other high priority sectors, such as telecommunications, energy, manufacturing, defense and government.

“We have been working for a number of years on a method to effectively utilize the unique features of quantum computers to provide our customers with defense against adversaries and criminals today and in the future once the quantum computers will be prevalent, ”Ilyas Khan, CEO of Quantinuum and founder of Cambridge Quantum, said in a statement.

“Quantum Origin gives us the ability to be safe from the most sophisticated and powerful threats of today as well as threats from quantum computers in the future.”

Quantum computers are based on quantum bits, or qubits, which can be set to one and zero at the same time, creating exponentially more paths than classical computers whose bits are either ones or zeros. Researchers believe quantum computers could run millions of times faster than today’s advanced supercomputers.

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Reporting by Jane Lanhee Lee; Editing by Ana Nicolaci da Costa

Our Standards: Thomson Reuters Trust Principles.


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