I saw a fascinating presentation by Ursula Schilling on Infineon on “Securing the Quantum Computer World” in which said was talking about the need to develop cryptography that will be resistant to attacks from quantum computers. It’s a live topic, because if the figures she presented are approximately correct and there will be quantum computers capable of making practical attacks on RSA/ECC with 15-20 years, that means that information currently being secure using asymmetric cryptography (eg, Bitcoin) is essentially being put into the public domain!
Forum friend Ian Grigg, who I always take very seriously indeed on any such topic, wrote about Corda on his blog and concluded with a powerful statement. Bitcoin told the users it wanted an unstoppable currency - sure, works for a small group but not for the mass market. Ethereum told their users they need an unstoppable machine - which worked how spectacularly with the DAO? Not. What. We. Wanted. Corda is the only game in town because it's the only one that asked the users. It's that simple. From Financial Cryptography: Corda Day - a new force xxx It seems to me, however, what Ian is pointing to as the greatest strength of their approach is also the greatest weakness. A staple feature of unimaginative management consultants presentations about innovation is some variation on the statement by Henry Ford that if you had asked users what they wanted, they would have asked for faster horses coupled with some variation on the statement by Steve jobs that it was pointless ask...
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