Title | Quantum-Resistant Cryptography for Next-Generation Financial Systems |
Research Area | Quantum Computing |
Abstract | The advent of quantum computing presents a significant threat to classical cryptographic algorithms that secure modern financial systems. Public key infrastructures such as RSA and ECC are particularly vulnerable to Shor’s algorithm, which can break these encryption schemes in polynomial time. This paper investigates quantum-resistant cryptographic protocols, focusing on lattice-based, hash-based, and multivariate polynomial approaches for securing financial transactions. Comparative simulations demonstrate that lattice-based algorithms, specifically NTRU and CRYSTALS-Kyber, offer robust security while maintaining feasible computational overhead. The findings highlight the urgent need for financial institutions to adopt post-quantum cryptography (PQC) frameworks to safeguard digital payments, banking systems, and blockchain applications in the quantum era. |
Keywords | Quantum Computing, Post-Quantum Cryptography, Financial Security, Blockchain, Lattice-Based Encryption. |
Paper Status | Published |
Volume | 1 |
Issue | 1 |
Published On | 21/01/2025 |
Published File |
IJSRTD_4843.pdf
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