Quantum safe payment systems

Elena Bucciol () and Pietro Tiberi ()
Additional contact information
Elena Bucciol: Bank of Italy
Pietro Tiberi: Bank of Italy

No 35, Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) from Bank of Italy, Directorate General for Markets and Payment System

Abstract: European payment system infrastructures such as T2, T2 Securities and TIPS rely on advanced cryptographic systems for a significant part of their security. In the near future, advances in quantum technologies and algorithms could make today’s security systems vulnerable. Quantum technologies, however, can also be used to devise cryptographic schemes that are able to achieve unconditional security and are therefore resistant to attacks by adversaries with unlimited processing capabilities. Random number sequence generation and protocols for the secure exchange of cryptographic keys between two parties are the pillars of any cryptographic system. In this paper, which takes European payment systems as a point of reference, we analyze some of the solutions currently available for quantum random number generation (QRNG) and quantum key distribution (QKD) infrastructures. Making payment systems quantum-safe also requires the development of applications so as to make it quick and easy to replace potentially compromised cryptographic algorithms.

Keywords: Quantum computing; Quantum security; QKD; QRNG; Target Services (search for similar items in EconPapers)
Date: 2023-06
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bancaditalia.it/pubblicazioni/mercati- ... 23-035/N.35-MISP.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdi:wpmisp:mip_035_23

Access Statistics for this paper

More papers in Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) from Bank of Italy, Directorate General for Markets and Payment System Contact information at EDIRC.
Bibliographic data for series maintained by ().