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21st Century Entrepreneurship

Kapil Dhiman: Can Quantum Security Save Blockchain?

26 Nov 2024

Description

Kapil Dhiman is the visionary co-founder and CEO of Quranium, a company dedicated to building the next-generation quantum-secure infrastructure for a decentralized future. In this episode, we explored the urgent need for blockchain evolution as computational threats grow and security risks increase. Kapil shares his journey from consulting at PwC to leading a team that aims to safeguard the future of digital assets against emerging quantum computing risks.Our conversation covered Kapil’s unique path, his break from the corporate world to rediscover purpose, and how he ultimately found a calling in the convergence of quantum computing and blockchain technology. “Our digital infrastructure, the digital world that we rely heavily on today, everything is digital… is going to be shaken,” he notes, emphasizing the precarious state of existing security protocols.Throughout the episode, Kapil introduces three innovative layers that Uranium is developing to enhance blockchain scalability, security, and interconnectivity. His goal? To establish a secure, quantum-resistant network that stands the test of time—an infrastructure where even “machine-to-machine” interactions can happen seamlessly and securely. He provides real insights into the architectural groundwork and the vision guiding his team of over 120 specialists across three continents.Some key takeaways from the episode include:Security Gaps in Blockchain: Kapil reveals how current blockchain security protocols are insufficient for the future, explaining, “The encryption that secures all these blockchains was invented in 1985, and it’s not enough anymore.”Quantum Computing and the Threats Ahead: With computational power evolving, Kapil warns that blockchains like Bitcoin and Ethereum face a ticking clock, vulnerable to quantum-era hacks.Building for the Next Era: Discover how Uranium’s proof-of-work and block DAG layers are designed to address both scalability and security, creating “a Bitcoin which is now quantum secure and 10x faster.”Finally, we discussed Quranium’s roadmap, culminating in the launch of their test net on November 15—a “historic moment for the decentralized world.” To learn more and witness the future of blockchain security, visit uranium.org, and connect with Kapil Dhiman on LinkedIn for the latest on this groundbreaking project.

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