Crypto Industry Urged to Adapt to Quantum Computing

Jakarta (ANTARA) - The domestic crypto industry is expected to adapt to developments in quantum computing, which is seen as part of building the blockchain ecosystem of the future.

Indodax Chief Marketing Officer Aloysia Dian said the development of quantum computing is regarded as one of the strategic issues that the blockchain ecosystem, including crypto, needs to begin understanding.

This is because the technology could recently pose dangers, particularly in terms of cryptographic security and infrastructure development, she said in a statement in Jakarta on Wednesday, because quantum computing can also be exploited.

“Discussions about quantum computing need to be viewed as part of the effort to build an increasingly mature blockchain ecosystem that is ready to face technological developments in the future,” she said.

According to her, technological developments always present challenges as well as opportunities. Although quantum computing is still at the research and development stage, its potential impact on cryptographic systems has become a concern for the global community.

“Therefore, it is important for all industry players to begin understanding the direction of this development so that the ecosystem can adapt gradually through discussion and education,” said Aloysia.

She explained that over the past decade, Ethereum has become the foundation for various innovations in the Web3 ecosystem, ranging from decentralised finance (DeFi), NFTs, various smart contract-based applications, to asset tokenisation.

As technology advances, the blockchain ecosystem and industry players are also required to continuously improve security standards and build infrastructure that is increasingly adaptive to future challenges and opportunities.