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Related papers: Practical quantum tokens: challenges and perspecti…

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We present a quantum token scheme in which the token is a quantum state that ensures secure authentication or payment. In our approach, rooted in Wiesner's quantum money concept, a token is encoded in a multi-qubit state generated by a…

Quantum Physics · Physics 2026-05-21 Yannick Strocka , Mohamed Belhassen , Tim Schröder , Gregor Pieplow

Quantum money is a cryptographic protocol in which a mint can produce a quantum state, no one else can copy the state, and anyone (with a quantum computer) can verify that the state came from the mint. We present a concrete quantum money…

Quantum Physics · Physics 2010-04-30 Edward Farhi , David Gosset , Avinatan Hassidim , Andrew Lutomirski , Peter Shor

The no-cloning theorem asserts that, unlike classical information, quantum information cannot be copied. This seemingly undesirable phenomenon is harnessed in quantum cryptography. Uncloneable cryptography studies settings in which the…

Quantum Physics · Physics 2022-10-27 Or Sattath

Publicly-verifiable quantum money has been a central and challenging goal in quantum cryptography. To this day, no constructions exist based on standard assumptions. In this study, we propose an alternative notion called quantum cheques…

Quantum Physics · Physics 2024-04-19 Mohammed Barhoush , Louis Salvail

Quantum money allows a bank to mint quantum money states that can later be verified and cannot be forged. Usually, this requires a quantum communication infrastructure to transfer quantum states between the user and the bank. Gavinsky (CCC…

Quantum Physics · Physics 2020-10-21 Roy Radian , Or Sattath

Public-key quantum money is a cryptographic proposal for using highly entangled quantum states as currency that is publicly verifiable yet resistant to counterfeiting due to the laws of physics. Despite significant interest, constructing…

Quantum Physics · Physics 2023-01-24 Prabhanjan Ananth , Zihan Hu , Henry Yuen

Owing to its fundamental principles, quantum theory holds the promise to enhance the security of modern cryptography, from message encryption to anonymous communication, digital signatures, online banking, leader election, one-time…

Quantum Physics · Physics 2025-12-22 Mathieu Bozzio , Claude Crépeau , Petros Wallden , Philip Walther

Quantum tokens are underlying primitives for quantum money and network proposals, which leverage the no-cloning theorem to realize unforgeable authentication. A relevant but overlooked type of attack to such architectures is a hacker that…

Quantum Physics · Physics 2026-05-06 Lucas Tsunaki , Boris Naydenov

The realization of devices which harness the laws of quantum mechanics represents an exciting challenge at the interface of modern technology and fundamental science. An exemplary paragon of the power of such quantum primitives is the…

Quantum Physics · Physics 2012-11-21 Fernando Pastawski , Norman Y. Yao , Liang Jiang , Mikhail D. Lukin , J. Ignacio Cirac

Developments in scalable quantum networks rely critically on optical quantum memories, which are key components enabling the storage of quantum information. These memories play a pivotal role for entanglement distribution and long-distance…

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

Quantum computing has the power to break current cryptographic systems, disrupting online banking, shopping, data storage and communications. Quantum computing also has the power to support stronger more resistant technologies. In this…

Quantum Physics · Physics 2020-11-17 Hazel Murray , Jerry Horgan , Joao F. Santos , David Malone , Harun Siljak

Two of the most important technological advancements currently underway are the advent of quantum technologies, and the transitioning of global financial systems towards cryptographic assets, notably blockchain-based cryptocurrencies and…

Pricing of Securities · Quantitative Finance 2021-02-02 Peter P. Rohde , Vijay Mohan , Sinclair Davidson , Chris Berg , Darcy Allen , Gavin K. Brennen , Jason Potts

Quantum key distribution (QKD) is the first quantum information task to reach the level of mature technology, already fit for commercialization. It aims at the creation of a secret key between authorized partners connected by a quantum…

Quantum communication, and indeed quantum information in general, has changed the way we think about quantum physics. In 1984 and 1991, the first protocol for quantum cryptography and the first application of quantum non-locality,…

Quantum Physics · Physics 2015-06-26 Nicolas Gisin , Rob Thew

In this research notebook in the four-part, quantum computation and applications, quantum computation and algorithms, quantum communication protocol, and universal quantum computation for quantum engineers, researchers, and scientists, we…

Quantum Physics · Physics 2021-01-07 Bhupesh Bishnoi

We put forward the idea that classical blockchains and smart contracts are potentially useful primitives not only for classical cryptography, but for quantum cryptography as well. Abstractly, a smart contract is a functionality that allows…

Quantum Physics · Physics 2020-07-22 Andrea Coladangelo , Or Sattath

A digital currency is money in a digital form. In this model, maintaining integrity of the supply is a core concern, therefore protections against double-spending are often at the heart of a secure digital money scheme. Quantum money…

Quantum Physics · Physics 2024-08-09 Anne Broadbent , Raza Ali Kazmi , Cyrus Minwalla

A decentralized online quantum cash system, called qBitcoin, is given. We design the system which has great benefits of quantization in the following sense. Firstly, quantum teleportation technology is used for coin transaction, which…

General Finance · Quantitative Finance 2020-09-22 Kazuki Ikeda

The no-cloning theorem can be used as a basis for quantum money constructions which guarantee unconditionally unforgeable currency. Existing schemes, however, either (i) require long-term quantum memory and quantum communication between the…

Quantum Physics · Physics 2025-10-22 Dmytro Gavinsky , Dar Gilboa , Siddhartha Jain , Dmitri Maslov , Jarrod R. McClean