Quantum Credit Cards

Scamproof? I'm skeptical.

Explore the business, economy, finance and trade aspects of human society.

Moderators: Calilasseia, ADParker

Quantum Credit Cards

#1  Postby kennyc » Dec 17, 2014 6:02 pm

Quantum Physics Might Be Helpful To Make Scam-Proof Credit Cards

The invasion of hacking cases just this year has highlighted the weak security that credit card companies are giving customers. Though, scientists from the University of Twente and the Eindhoven University of Technology may have discovered the way out, enhancing credit card security with the assistance of quantum physics.

Researchers utilized the power of quantum physics to make a “Scam-proof” system for verifying a physical “key” in a strategy known as Quantum-Secure Authentication, the Optical Society reported. This progressive procedure could affirm the uniqueness of any object, for example, a credit card, regardless of the possibility that the physical entity has been stolen. The study is published in the Optica journal.

The approach bridles the quantum power of light and uses it to make a “fool-proof” and exclusive Q&A swap that is impractical to copy. As of late, banks have begun to issue “smart cards” set up of easy to-copy magnetic strip ones; these enhanced cards utilize a chip to validate personalities. Regardless of these advances, any individual who gets these cards could possibly copy the data on it.

This new approach could totally beat this risk through quantum properties that permit photons to be in various areas in the meantime with a specific end goal to pass on the confirmation of the Q&A.

Pepijn Pinkse, a researcher from the University of Twente and lead author of the study said, “Single photons of light have exceptionally unique properties that appear to resist typical behavior. At the point when appropriately strapped up, they can encode data in a way that keeps foes from figuring out what the data is.”

http://geekinfinite.com/news/2014/12/qu ... dit-cards/
Kenny A. Chaffin
Art Gallery - Photo Gallery - Writing&Poetry
"Strive on with Awareness" - Siddhartha Gautama
User avatar
Name: Kenny A. Chaffin
Posts: 8698

Country: U.S.A.
United States (us)
Print view this post

Return to Economics

Who is online

Users viewing this topic: No registered users and 1 guest