Trust Stamp Publishes A White Paper On The Potential Impact Of Quantum Computing On Legacy Biometric Systems
Portfolio Pulse from Benzinga Newsdesk
Trust Stamp (NASDAQ:IDAI) released a White Paper on the vulnerabilities of legacy biometric systems in the face of advancing Quantum Computing. The paper, highlighted by Dr. Niel Kempson, discusses the 'harvest-now decrypt later' (HNDL) threat, particularly to biometric data which cannot be easily reset if compromised. The US Government has mandated encryption upgrades for federal agencies by end of 2023 to counter such threats. Trust Stamp's IT2 algorithm is touted as quantum-proof, and the company advises entities to consider the HNDL risk when implementing biometric systems.
January 05, 2024 | 1:34 pm
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Trust Stamp's White Paper on Quantum Computing's impact on biometric systems positions their IT2 algorithm as a quantum-proof solution, potentially increasing interest in their technology.
The publication of the White Paper by Trust Stamp emphasizes the company's expertise in secure biometric systems, which could increase investor confidence in their products, especially with the growing concern over quantum computing threats. The mention of a government mandate for encryption upgrades by the end of 2023 further underscores the relevance and timeliness of their quantum-proof IT2 algorithm, potentially leading to increased demand for their services.
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