SK Telecom (NYSE: SKM) and Deutsche Telekom have established “Quantum Alliance” to enable secure communication in the age of quantum computing, the companies said.
Industrial espionage and cyber-attacks by hostile intelligence services are an increasing threat. In turn, in the not-too-distant future, quantum computing may provide such powerful performance that it could crack encryption algorithms that are currently considered secure. This would render today´s common cryptography methods virtually useless and make server access, data links and documents freely accessible and viewable with little effort.
Quantum computing, a hot research topic at present, would undermine the foundations of current encryption methods and with them, the security of the entire Internet. But even today, there is a need for tap-proof communication channels for key exchange.
To meet these present and future needs, SK Telecom and Deutsche Telekom founded the Quantum Alliance to ensure that communications remain secure in the age of quantum computing.
The Alliance´s primary objective is to ensure that the technical prerequisites for secure communications continue to be met in the future. To do so, network operators and hardware manufacturers must work together to define and implement technical standards.
As a second step, the alliance will aim to develop flexible services and security solutions for secure communications.
The Alliance´s medium-term target is to develop, test and establish products that enable secure communications in the age of quantum computing.
Established in 1984, SK Telecom is the largest mobile operator in Korea by both revenue and number of subscribers. As of December 2016, the company holds around 50 percent of the market, with 29.60 million mobile subscribers including 21.1 million LTE subscribers. It has reached KRW 17.092 trillion in revenue in 2016.
SK Telecom has led the advancement of mobile technologies ranging from 2G to 4G, and is currently setting important milestones in its journey to 5G. The company is not only leading innovation in the field of mobile network, but also providing IoT, media, home and platform services.