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Digital payments have replaced physical banknotes in many aspects of our daily lives. Similarly to banknotes, they should be easy to use, unique, tamper-resistant and untraceable, but additionally withstand digital attackers and data…

Despite all the progress in quantum technologies over the last decade, there is still a dearth of practical applications for quantum computers with a small number of noisy qubits. The effort to show quantum supremacy has been largely…

Quantum Physics · Physics 2022-05-06 Mikhail Y. Shalaginov , Michael Dubrovsky

Quantum cloud computing is emerging as a popular model for users to experience the power of quantum computing through the internet, enabling quantum computing as a service. The question is, when the scale of the computational problems…

Quantum Physics · Physics 2022-02-21 Man-Hong Yung , Bin Cheng

We propose the concept of pseudorandom states and study their constructions, properties, and applications. Under the assumption that quantum-secure one-way functions exist, we present concrete and efficient constructions of pseudorandom…

Quantum Physics · Physics 2023-11-28 Zhengfeng Ji , Yi-Kai Liu , Fang Song

We present authorized quantum computation, where only a user with a non-cloneable quantum authorization key can perform a unitary operation created by an authenticated programmer. The security of our authorized quantum computation is based…

Quantum Physics · Physics 2009-03-13 Yu Tanaka , Mio Murao

Wiesner's quantum money [5] is a simple, information-theoretically secure quantum cryptographic protocol. In his protocol, a mint issues quantum bills and anyone can query the mint to authenticate a bill. If the mint returns bogus bills…

Quantum Physics · Physics 2010-10-05 Andrew Lutomirski

Performing complex cryptographic tasks will be an essential element in future quantum communication networks. These tasks are based on a handful of fundamental primitives, such as coin flipping, where two distrustful parties wish to agree…

In a quantum money scheme, a bank can issue money that users cannot counterfeit. Similar to bills of paper money, most quantum money schemes assign a unique serial number to each money state, thus potentially compromising the privacy of the…

Quantum Physics · Physics 2024-11-26 Amit Behera , Or Sattath

We give a new theoretical solution to a leading-edge experimental challenge, namely to the verification of quantum computations in the regime of high computational complexity. Our results are given in the language of quantum interactive…

Quantum Physics · Physics 2018-06-25 Anne Broadbent

Coin flipping is a fundamental cryptographic primitive that enables two distrustful and far apart parties to create a uniformly random bit [Blu81]. Quantum information allows for protocols in the information theoretic setting where no…

Quantum Physics · Physics 2009-04-10 André Chailloux , Iordanis Kerenidis

In this paper, we study the problem of sampling random supersingular elliptic curves with unknown endomorphism rings. This problem has recently gained considerable attention as many isogeny-based cryptographic protocols require such…

Quantum Physics · Physics 2026-03-24 Maher Mamah , Jake Doliskani , David Jao

A quantum money scheme enables a trusted bank to provide untrusted users with verifiable quantum banknotes that cannot be forged. In this work, we report an experimental demonstration of the preparation and verification of unforgeable…

Quantum computing is becoming strategically relevant to finance because several core financial bottlenecks are already defined by combinatorial search, expectation estimation, rare-event analysis, representation learning, and long-horizon…

Computational Finance · Quantitative Finance 2026-04-10 Hui Gong , Akash Sedai , Thomas Schroeder , Francesca Medda

We propose the idea of a Quantum Cheque Scheme, a cryptographic protocol in which any legitimate client of a trusted bank can issue a cheque, that cannot be counterfeited or altered in anyway, and can be verified by a bank or any of its…

Quantum Physics · Physics 2022-10-20 Subhayan Roy Moulick , Prasanta K. Panigrahi

Methods of quantum mechanics promise information-theoretic security for various protocols in cryptography. However, impossibility of some cryptographic applications such as standard bit commitment, oblivious transfer, multiparty secure…

Quantum Physics · Physics 2015-08-03 Muhammad Nadeem

We discuss the possibility of creating money that is physically impossible to counterfeit. Of course, "physically impossible" is dependent on the theory that is a faithful description of nature. Currently there are several proposals for…

Quantum Physics · Physics 2018-11-06 John H. Selby , Jamie Sikora

We show the following hold, unconditionally unless otherwise stated, relative to a random oracle: - There are NP search problems solvable by quantum polynomial-time machines but not classical probabilistic polynomial-time machines. - There…

Quantum Physics · Physics 2024-11-12 Takashi Yamakawa , Mark Zhandry

Quantum cryptography is the art and science of exploiting quantum mechanical effects in order to perform cryptographic tasks. While the most well-known example of this discipline is quantum key distribution (QKD), there exist many other…

Quantum Physics · Physics 2023-04-04 Anne Broadbent , Christian Schaffner

We study quantum algorithms for testing bipartiteness and expansion of bounded-degree graphs. We give quantum algorithms that solve these problems in time O(N^(1/3)), beating the Omega(sqrt(N)) classical lower bound. For testing expansion,…

Quantum Physics · Physics 2011-09-12 Andris Ambainis , Andrew M. Childs , Yi-Kai Liu

Quantum money is the first invention in quantum information science, promising advantages over classical money by simultaneously achieving unforgeability, user privacy, and instant validation. However, standard quantum money relies on…