Researchers at the University of Copenhagen’s Department of Mathematical Sciences have developed a new security identification that authenticates whether we are communicating with the right person based on their precise geographical location.
Authenticating a user based on their geographical location is called the science of quantum encryption and will help banking customers when a representative from the bank calls them to help change their account on a respective note.
The location data of that person is stored in a single quantum bit called Qubit and that is followed by the usual bits comprising ones and zeroes. As both bits communicate with each other in a highly encrypted mode, it is almost impossible for hackers to read, intercept or make changes to the communication.
However, until a hacker gets hold of a quantum computer and tries to intercept a quantum physics-based communication, the communication will remain foolproof.
As only a single quantum bit is needed to confirm a geographical location authentication, it is easy to put such technology readily into use even today.
But adoption of it by companies will need a lot of time as the newly invented tech needs to be developed on a commercial note.
NOTE 1- Quantum Mechanics, also called Quantum Physics, is a study of the behavior of particles such as atoms, photons, electrons, and other molecular structures. It all started at the beginning of the 20th century when a few scientists from the west explored the theory of relativity predicted by Albert Einstein.
NOTE 2-Such type of service will assist the banking sector a lot, as they are always being pestered by sophisticated tactics of cybercriminals.