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Quantum Cryptography Used to Transfer Funds

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Hank Hogan

Researchers at Universität Wien and the Austrian Academy of Sciences in Vienna, Austria, the Austrian Research Center in Seibersdorf and Ludwig Maximilians Universität in Munich, Germany, have demonstrated a new way to put valuables under lock and key. The group recently reported the transfer of €3000 over a 1.45-km link between Vienna City Hall and the headquarters of Bank-Austria Creditanstalt using quantum cryptography. To accomplish this, the scientists generated a randomized encryption key via pairs of entangled photons. In doing so, they produced a code key immune to...Read full article

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    Published: June 2004
    Austrian Academy of SciencesBasic Scienceencryption keyEntangled photonsquantum cryptographyResearch & TechnologySensors & Detectorst WienUniversitä

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