Honeywell-backed company to sell super secure quantum encryption key

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December 7 (Businesshala) – Quantum computer software firm Cambridge Quantum said on Tuesday it is launching a platform that can generate super secure cryptographic keys and sell them as a commercial product.

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

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Cambridge Quantum uses quantum computers exclusively to generate random encryption keys, Duncan Jones, head of cyber security, said in an interview with Businesshala.

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Quantum computers can generate more random encryption keys than classical computers which makes them more secure and less vulnerable to cyber attacks, he said.

Cambridge Quantum said it would target its “quantum genesis” service to financial services firms and cybersecurity firms before expanding into other high-priority sectors such as telecommunications, energy, manufacturing, defense and government.

“We’ve been working for many years on how to efficiently and effectively use the unique features of quantum computers to provide our customers with defense against adversaries and criminals as quantum computers become prevalent in the future.” Ilyas Khan, CEO of Quantinum and founder of Cambridge Quantum, said in a statement.

“Quantum origins gives us the ability to stay safe from the most sophisticated and powerful threats today, as well as from the 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 paths faster than classical computers whose bits are either one or zero. Researchers believe that quantum computers can operate millions of times faster than today’s advanced supercomputers.

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Reporting by Zhen Lanhi Lee; Editing by Ana Nicolasi da Costa

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