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Beyond encryption: Why quantum computing might be more of a science boom than a cybersecurity bust
- The National Institute of Standards and Technology (NIST) released post-quantum encryption standards last August to combat potential quantum computing threats to traditional encryption.
- Despite concerns, quantum computing's impact on encryption may not be as immediate or detrimental as portrayed in media.
- Quantum computing's limitations in energy demands and computing power may steer its focus towards scientific advancements rather than encryption hacking.
- The analogy of the 7-pass wipe method for data erasure in response to fears of electron microscope data recovery is drawn.
- Quantum computing requires significant computing power and access, mostly available to nation-states and large corporations.
- It is suggested that the primary use of quantum computing by such entities may lie in scientific research and global economic competition, rather than encryption breaking.
- Quantum computing shows potential for breakthroughs in materials development, pharmaceuticals, and space travel optimizations.
- Only a limited scope of entities will have access to quantum computing, leading to a cost-benefit analysis of its usage in various industries.
- While quantum computing can pose risks in the wrong hands, its main focus is likely to be on beneficial applications rather than encryption breaches.
- The need for careful consideration of real-world applications of quantum computing before extensive overhaul of cryptographic algorithms is emphasized.
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