HSBC trialing quantum-safe financial transaction network in the UK

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HSBC trialing quantum-safe financial transaction network in the UK
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HSBC will test quantum technologies with AWS, BT, and Toshiba to 'quantum proof' data before Q-Day.

bank in the world, will conduct a series of trials and experiments utitlizing quantum encryption technology in collaboration with Amazon Web Services, BT, and Toshiba.

Developed by Toshiba in partnership with telecom giant BT, the quantum metro network is designed to allow unconditionally secure transactions between institutions. HSBC will trial several use-cases on the network including financial transactions, video calls, and edge-computing. QKDs are one-off encryption keys generated for both parties at the same time. Thanks to what Albert Einstein“spooky action at a distance,” quantum states tend to collapse when measured. Thus, quantum data is deemed impenetrable.

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