FINOS In The News - Is Quantum Computing a Threat to Crypto?

March 12, 2019


FINOS hosted its first Open Source In FinTech Event of the year on March 5th, 2019 at Moody's Analytics Accelerator. We were joined by Amber Baldet and Patrick Nielsen of Clovyr, and Dan Guido of Trail of Bits to discuss "Building a Decentralized Economic Ecosystem".

Both Dan and Patrick were interviewed at the event by Markets Media. Here's a snippet of that interview - with a link to the full article below:


The chances that quantum computing advances would act like Setec Astronomy from the 1992 spy film Sneakers and unlock all cryptographic-based technologies like blockchains is slim at best, according to cryptographic and security experts.

"If quantum computers become real then someone may be able to reverse blockchain encryption in the future,” said Patrick Nielsen, co-founder and CTO of Clovyr, during a panel discussion hosted by the Fintech Open Source Foundation in Lower Manhattan. “There is a reason not to share your data with everyone even though it’s encrypted.”

However, when and if the world sees a functional quantum computer is open for debate

Read the Full Article Here


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