Bank Transfer over Quantum Channel with Digital Checks

- In recent years, many quantum cryptographic schemes have been proposed. However, it seems that there are many technical difficulties to realize them (except Quantum Key Distributions) as practical applications. In this paper, we propose a bank transfer (i.e., funds or Electronic Funds Transfer) system utilizing both classical and quantum cryptography to provide theoretically unbreakable security. This system can be realized using current technologies (e.g., linear polarizers and Faraday rotators) and requires no additional authentication and no key distribution scheme. However, a trusted third party must keep all member banks’ private keys for encryption, authentication and also for functions to generate classical digital signatures.

• Type: Conference
• Year: 2006
• Where: GLOBECOM
• Authors: Yoshito Kanamori, Seong-Moo Yoo, Frederick T. Sheldon
• Keywords: GLOBECOM 2006, Key Distribution, Quantum Cryptographic Schemes, Quantum Key Distributions, Telecommunications