Its Time To Pop The PostQuantum Crypto Bubble

Its Time To Pop The PostQuantum Crypto Bubble

Kevin Bokek is Venaphy's Vice President of Environment and Community .

Over the past five years, the term “post-quantum cryptography” has become the “apocalypse hype” and the coming wave. Since then, I have encouraged preparedness by calling on industry to prepare for the quantum revolution. However, we find ourselves at a time when the hype around the preparation of quantum cryptocurrencies has reached a fever pitch, causing us to question whether we are concentrating in the right directions.

The damage caused by the quantum risk of overhyping in crypto is enormous. Valuable resources are wasted trying to detail things that mean nothing to most people and distract from the real problems we need to solve. The bottom line is that quantum cryptography readiness is not a concern for most cybersecurity professionals, and CIOs, CEOs, and boards of directors are overwhelmed with misplaced priorities. To meet this challenge facing business and enterprise leaders, we need to rethink our approach and the solutions available.

The Post-Quantum Security Solution: Abandoning Cryptoplasticity

In a post-quantum world, the key question is how can we protect ourselves from attacks, new technologies and threats from malicious actors? Contrary to current discussions, the answer does not lie in crypto-existence. The Global 5000 does not dictate crypto preferences. Instead, solutions are made through open source projects involving companies such as Microsoft, IBM, F5 and others in Silicon Valley and Redmond, creating applications for cloud services, as well as thousands of commercial software. The concept of quantum cryptoflexibility is essentially a farce.

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