An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
JPMorgan Chase, Toshiba and Ciena Build the First Quantum Key Distribution Network Used to Secure Mission-Critical Blockchain Application
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
JPMorgan Chase, in collaboration with Toshiba and Ciena, has successfully developed a groundbreaking Quantum Key Distribution (QKD) network capable of withstanding quantum computing threats. This innovative network supports data rates up to 800 Gbps, providing security for critical applications. Additionally, the QKD network was demonstrated to effectively protect the world's first peer-to-peer blockchain network, Liink by J.P. Morgan, marking a significant advancement in quantum cybersecurity. This work positions JPMorgan Chase at the forefront of securing future banking technologies.
Positive
Development of a QKD network capable of supporting 800 Gbps data rates.
Successful demonstration of QKD securing Liink, the first bank-led blockchain network.
QKD mathematically proven to defend against quantum computing attacks.
Negative
None.
Proof of Concept Showed Ability to Detect and Defend Against Potential Threats and Eavesdroppers
NEW YORK & HANOVER, Md.--(BUSINESS WIRE)--
In groundbreaking research, JPMorgan Chase, Toshiba and Ciena have demonstrated the full viability of a first-of-its-kind Quantum Key Distribution (QKD) network for metropolitan areas, resistant to quantum computing attacks and capable of supporting 800 Gbps data rates for mission-critical applications under real-world environmental conditions.
The research team demonstrated the ability of the newly developed QKD network to instantly detect and defend against eavesdroppers. It also studied the impact of realistic environmental factors on the quality of the quantum channel and used a QKD-secured optical channel to deploy and secure Liink by J.P. Morgan, the world's first bank-led, production-grade, peer-to-peer blockchain network. This is the first demonstration of QKD securing a mission-critical blockchain application in the industry.
Under the leadership of JPMorgan Chase’s Future Lab for Applied Research and Engineering (FLARE) and Global Network Infrastructure teams, researchers from all three organizations collaborated to achieve the following notable results:
A QKD channel was multiplexed on the same fiber as ultra-high bandwidth 800 Gbps optical channels for the first time and used to provide keys for encryption of the data stream.
Co-existence of the quantum channel with two 800 Gbps and eight 100 Gbps channels was demonstrated for a 70km fiber, with a key rate sufficient to support up to 258 AES-256 encrypted channels at a key refresh rate of 1 key/sec.
Operation of QKD and the ten high-bandwidth channels was demonstrated for distances up to 100km.
The proof of concept network infrastructure relied on Toshiba’s Multiplexed QKD System, manufactured by Toshiba Europe at their Cambridge UK base, and Ciena’s Waveserver 5 platform, equipped with 800 Gbps optical-layer encryption and open APIs running over Ciena’s 6500 photonic solution. The tests were conducted in JPMorgan Chase’s fiber optic production simulation lab.
“Security is paramount for JPMorgan Chase,” said Marco Pistoia, PhD, Distinguished Engineer and Head of the FLARE Research group, JPMorgan Chase. “This work comes at an important time as we continue to prepare for the introduction of production-quality quantum computers, which will change the security landscape of technologies like blockchain and cryptocurrency in the foreseeable future. We are proud to be at the front-end of developing QKD technology for real-world applications while partnering with industry leaders in the field, such as Toshiba and Ciena.”
At this time, QKD is the only solution that has been mathematically proven to defend against a potential quantum computing-based attack, with security guarantees based on the laws of quantum physics.
Steve Alexander, Chief Technology Officer, Ciena, added, “With more sensitive information being distributed across fiber-optic networks every day, robust encryption is of vital importance. As the quantum computing era approaches, research and development advances will continue to ensure the confidentiality of critical data as it travels over the network.”
“Ciena has always pushed the boundaries of what is achievable with innovative network technology. We were the first to achieve 200 Gbps encryption, then first to obtain 400 Gbps. Now we are the first to offer 800 Gbps encryption to the industry. Working with forward-thinking companies like JPMorgan Chase and Toshiba is critical as we continue to build networking solutions to be more secure and efficient in supporting our digital world.”
“Based on the success of this project we now have a proven and tested method for defending against quantum attacks on blockchain,” said Yasushi Kawakura, Vice President and General Manager Digital Solutions Division, Toshiba America, Inc. “Toshiba is proud to contribute our QKD technology to this first-of-its-kind solution.”
Suresh Shetty, Distinguished Engineer and Head of Blockchain Engineering for Onyx by J.P. Morgan, shared, “We are excited to have demonstrated that QKD can effectively secure communications between the various nodes in the Liink network against future quantum attacks.”
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. With over 50,000 technologists globally and an annual tech spend of $12 billion, JPMorgan Chase is dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Visit jpmorgan.com/technology for more information.
About Toshiba
Founded in 1965, Toshiba America, Inc. (TAI) is a subsidiary of Tokyo-based Toshiba Corporation and the holding company of four Toshiba operating companies that offer a broad range of products and solutions for the residential, commercial and industrial sectors. The four companies, which along with TAI are known collectively as Toshiba America Group, are Toshiba America Electronic Components, Inc. (Semiconductor solutions), Toshiba America Energy Systems, Corp. (Power generation solutions), Toshiba International Corporation (Industrial, power electronics & transmission & distribution solutions) and Toshiba America Research, Inc. (R&D).
About Ciena
Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive Network™ in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.
What is the significance of the Quantum Key Distribution network developed by JPMorgan Chase, Toshiba, and Ciena?
The QKD network is a groundbreaking solution that can resist quantum computing threats and supports high data rates, crucial for secure communications.
How does the QKD network enhance the security of blockchain applications?
The QKD network has successfully secured Liink, the first bank-led blockchain network, demonstrating its ability to protect sensitive data against potential quantum attacks.
What data rates does the QKD network support?
The QKD network supports data rates up to 800 Gbps, making it suitable for mission-critical applications.
Which companies collaborated on the QKD network research?
JPMorgan Chase collaborated with Toshiba and Ciena to develop the QKD network.
What are the future implications of this QKD network for cybersecurity?
The QKD network positions JPMorgan Chase and its partners as leaders in quantum cybersecurity, crucial for protecting future technologies like blockchain and cryptocurrency.
