Quantum blockchain: Trends, technologies, and future directions

Abstract Blockchain technology is a highly developed database system that shares information within a business web. It stores details in blocks connected chronologically, ensuring information integrity through consensus mechanisms that prevent unauthorised alterations. This decentralised system removes the need for a believable mediator, mitigating vulnerabilities and enhancing transaction security. Blockchain’s application spans the energy, finance, media, entertainment, and retail sectors. However, classical blockchain faces threats from quantum computing advancements, necessitating the development of quantum blockchain technology. Quantum blockchain, leveraging quantum computation and information theory, offers enhanced security and immutability. In this paper, different mathematical foundations, practical implementations and effectiveness of lattice‐based cryptography in securing blockchain applications are discussed. Analysis of how the cryptographic techniques can protect blockchain systems against quantum attacks is being done by using mathematical formulations and examples. Quantum computing strengthens blockchain security with advanced encryption and authentication, which is critical for safeguarding diverse sectors from evolving cyber threats. Further study on quantum‐resistant design is necessary if blockchain networks are to be robust and intact in the face of future technological developments.

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Institutions

Publication Details

Journal
IET Quantum Communication
Published
2024-12-01
DOI
https://doi.org/10.1049/qtc2.12119
Citations
19
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
14.02

Funders

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article

Quantum blockchain: Trends, technologies, and future directions

Karthiganesh Durai, Shwetha C. Murali, V Vijayasherly, Chandru Vignesh Chinnappan et al.
19 citations
IET Quantum Communication
Blockchain Technology Applications and Security
14.02
article

Quantum blockchain: Trends, technologies, and future directions

Karthiganesh Durai, Shwetha C. Murali, V Vijayasherly, Chandru Vignesh Chinnappan, G. Murali, V. Vijayarajan, Jafar Ali Ibrahim Syed Masood, S. Anbuchelian, David Asirvatham, Sarfraz Nawaz Brohi, Santosh Kumar, Kumar Gautam, N. Chakravarthy, M S, Saurabh Agarwal, Chaitrali Mulay
article en
19 citations

Abstract

Abstract Blockchain technology is a highly developed database system that shares information within a business web. It stores details in blocks connected chronologically, ensuring information integrity through consensus mechanisms that prevent unauthorised alterations. This decentralised system removes the need for a believable mediator, mitigating vulnerabilities and enhancing transaction security. Blockchain’s application spans the energy, finance, media, entertainment, and retail sectors. However, classical blockchain faces threats from quantum computing advancements, necessitating the development of quantum blockchain technology. Quantum blockchain, leveraging quantum computation and information theory, offers enhanced security and immutability. In this paper, different mathematical foundations, practical implementations and effectiveness of lattice‐based cryptography in securing blockchain applications are discussed. Analysis of how the cryptographic techniques can protect blockchain systems against quantum attacks is being done by using mathematical formulations and examples. Quantum computing strengthens blockchain security with advanced encryption and authentication, which is critical for safeguarding diverse sectors from evolving cyber threats. Further study on quantum‐resistant design is necessary if blockchain networks are to be robust and intact in the face of future technological developments.

IET Quantum CommunicationVol. 5(4)
University of the West of England (GB), Anna University, Chennai (IN), Orthopaedic Research Group (IN), Taylor's University (MY), Yeungnam University (KR), Koneru Lakshmaiah Education Foundation (IN), Vellore Institute of Technology University (IN)
VIT University
Openalex Percentile: Top 1%
Blockchain Technology Applications and Security
14.02
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