Toshiba said on Monday that its goal is to generate US$3 billion (approximately 220.11 billion rupees) in revenue for data protection through advanced encryption technology by 2030, as Japan’s huge conglomerates are vying to find future growth drivers.

Network security technology is called quantum key distribution (QKD), which uses the properties of quantum physics to provide two remote parties with encryption keys that are not immune to cyber attacks driven by quantum computers.

Toshiba expects that with the development of quantum computers, the global QKD market will grow to US$12 billion (approximately Rs 88,048 crore) within 10 years, and its quantum computing capabilities can easily crack the traditional foundations commonly used in finance, defense, and defense. Mathematical encryption key. health care.

As network security has become the forefront of the defense field, the company hopes to meet the global demand for advanced cryptographic technology. China is actively expanding QKD’s network infrastructure, including quantum satellites that relay quantum signals.

The company said it has already conducted QKD pilot projects in cooperation with Verizon in the United States and BT in the United Kingdom, and is negotiating with another telecom operator in South Korea.

Since the crisis triggered by the bankruptcy of the US nuclear power business in 2017, Toshiba has undertaken a series of restructuring steps, including the sale of its laptop and TV business.

Now, its focus is on public infrastructure businesses that can withstand the global economic downturn triggered by the coronavirus outbreak.

© Thomson Reuters 2020

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