Ciena has found a new way to protect communications using quantum physics
The company is the Siena Corporation. (CIEN) announced the creation of a new data encryption technology in blockchain networks. It can be used, among other things, in promising financial services, logistics platforms, product quality control, etc. A group of specialists from Ciena, JPMorgan Chase, and Toshiba Corporation have completed work on a quantum key distribution system (cryptographic) to protect the blockchain network.
Simply put, we are talking about the first successful demonstration of blockchain protection against hacking attempts using quantum computers, which is a few years can already achieve the required reliability and power for almost instant cracking of any encryption. Therefore, experts are already looking to protect banking and other IT systems from quantum hacking, explaining JPMorgan specialists’ participation in the project.
Sienna Competencies allowed us to choose the right tools to protect the blockchain, including cryptocurrencies. Many banks, including JPMorgan Bank, use digital “Coins” in various services, so the targeted market.
Ciena’s work in this high-tech segment with significant commercial potential is a strong positive signal for long-term investors’ positive expectations for developing Ciena’s business in the piece of communication equipment for 800g networks. “Siena.” Sienna’s annual sales exceed $3 billion, 1,700 networks worldwide. Ciena’s clients are such significant players as AT&T, Amazon, Comcast, Google, Verizon.
