Bank Transfer Over Quantum Channel With Digital Checks
- University of Alaska
- University of Alabama, Huntsville
- ORNL
In recent years, many quantum cryptographic schemes have been proposed. However, it seems that there are many technical difficulties to realize them (except Quantum Key Distributions) as practical applications. In this paper, we propose a bank transfer (i.e., funds or Electronic Funds Transfer) system utilizing both classical and quantum cryptography to provide theoretically unbreakable security. This system can be realized using current technologies (e.g., linear polarizers and Faraday rotators) and requires no additional authentication and no key distribution scheme. However, a trusted third party must keep all member banks' private keys for encryption, authentication and also for functions to generate classical digital signatures.
- Research Organization:
- Oak Ridge National Laboratory (ORNL); Center for Computational Sciences
- Sponsoring Organization:
- ORNL work for others
- DOE Contract Number:
- AC05-00OR22725
- OSTI ID:
- 931719
- Country of Publication:
- United States
- Language:
- English
Similar Records
Authentication Protocol using Quantum Superposition States