KT Crowned Korea’s Quantum Cryptographic Comms King

Today Korean telecoms giant KT announced that they had been selected to operate and aid in establishing a quantum cryptographic communication network for the new Hyperconnected Intelligent Research and Development Network (KOREN) as ordered by the National Information Society Agency (NIA).

As a result of the appointment, KT will use a bevy of new deviced such as quantum cryptography systems an encryption equipment in the Seoul-Suwon section of KOREN. In regards to KOREN, the network will be used for developing, testing, and verifying major ICT offerings from public institutions such as government, finance, and defense, where security is absolutely essential. Local government researchers will also have access KOREN’s services.

The NIA and KT connected with each other over intelligent R & D network business so Korean companies can develop and establish an infrastructure for quantum cryptography technology. This partnership could be seen as a stepping stone for the cryptography industry to be launched into more industrial fields. Eventually it could mean a greater adoption of cryptocurrencies or, as is now standard in Korea to call them, virtual assets as they can be used as a security measure in a number of applications.

This partnership fits well into what is becoming a far more apparent strategy on KT’s part to expand their security and blockchain technologies. When the blockchain-based security option gigatel was appplied to its 5G network in April of last year, a KT official said, “The security of quantum cryptography is nearly perfect, but it takes a long time to apply it to networks.” His statements hint at a long-term plan for KT to develop proprietary and enterprise blockchain-based or quantum security solutions.

Public sector quantum technology and private sector blockchain technology could potentially be a highly lucrative business model for the telecoms giant. Within a year of announcing their concerted efforts towards quantum technology development they were chosen by NIA for the KOREN project. Additionally there are major efforts on behalf of all three major telecoms companies in South Korea to develop and implement DID apps for the sake of security. It may just be a matter of time before information networks in Korea are far more secure than anywhere else in the world.

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