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Regulatory Conversations in Quantum Computing: Insights into early patterns and trends in academic discourse on regulating the 'Quantum Revolution'

Aurelija Lukoševičienė

Published Jan 1, 2024• 1 citation
Publisher
DOI
10.2139/ssrn.4870710

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These days, talk of quantum technologies and the coming ‘quantum revolution’ or ‘quantum leap’ is hard to miss. There is a broad agreement that quantum technologies have a high probability of becoming the next disruptive technological development, and the way they should be regulated and the timing of such intervention are issues that are attracting increasing attention. An analysis of how these questions are being considered now, in the early stages of technological development, can be valuable in predicting future lines of regulation, identifying their possible consequences and steering technological development in desirable directions. This article analyses academic scholarship on the regulation of quantum technology, with a focus on quantum computing, to identify common topics, values and positions on its governance in the academic literature and to discuss patterns that are emerging.
This book explores the critical intersection of human behavior, cybersecurity, and the transformative potential of quantum technologies. It delves into the vulnerabilities and resilience of human intelligence in the face of cyber threats, examining how cognitive biases, social dynamics, and mental health can be exploited in the digital age. Cybersecurity 2050: Protecting Humanity in a Hyper-Connected World explores the cutting-edge applications of quantum computing in cybersecurity, discussing the efficiency of quantum security algorithms on Earth and over space communications such as those needed to inhabit Mars. The challenges and opportunities of human life on extraterrestrial worlds, such as Mars, will further shape the evolution of human intelligence. The isolated and confined environment of a Martian habitat, coupled with the reliance on advanced technologies for survival, will demand new forms of adaptability, resilience, and social cooperation. The author addresses the imminent revolution in cybersecurity regulations and transforms the attention of the bright minds of businesses and policymakers for the challenges and opportunities of quantum advancements. This book attempts to bridge the gap between social intelligence and cybersecurity, offering a holistic and nuanced understanding of these interconnected domains. Through real-world case studies, the author provides practical insights and strategies for adapting to the evolving technological landscape and building a more secure digital future. This book is intended for futuristic minds, computer engineers, policymakers, or regulatory experts interested in the implications of the revolution of human intelligence on cybersecurity laws and regulations. It will be of interest to cybersecurity professionals and researchers looking for a historic and comprehensive understanding of the evolving landscape, including social intelligence, quantum computing, and algorithm design.
The advent of Quantum Technology (QT) and its application in Quantum Computing (QC) marks the next major technological frontier following Artificial Intelligence, by prompting significant investment from governments and global corporations, particularly from the financial sector. The immense data processing capabilities of QC are poised to revolutionize finance, offering new avenues for optimizing complex financial transactions and enhancing fraud detection systems. However, such technological leap simultaneously introduces a critical and urgent risk to global cybersecurity and, by extension, the stability of the financial markets. Specifically, such computational power inherent in advanced quantum systems fundamentally compromises the cryptographic algorithms which are currently used in electronic financial transactions, which may cause instability and thereby pose substantial risk across the financial ecosystem. Major countries are taking proactive actions to address such risk by initiating policy transitions toward quantum security and considering adopting Post-Quantum Cryptography (PQC). These jurisdictions are actively preparing a shift in their digital infrastructure to mitigate the inevitable risk of a “Store Now, Decrypt Later” attack. In stark contrast, domestic discussions and policy preparations for this critical security transition remain relatively inactive in South Korea. Such regulatory and policy gap highlights an urgent need to adopt preemptive action to safeguard the nation’s financial integrity. Given the circumstances, this paper, therefore, examines the current legal and regulatory framework in South Korea related to cryptographic systems in electronic finance, identifies specific legislative deficiencies, and proposes concrete measures to overcome such risks. To effectively manage the rapid technological shifts characteristic of the Fourth Industrial Revolution, this paper will focus how South Korea should align with international trends by prioritizing a regulatory approach centered on soft law and non-binding guidelines, rather than imposing rigid, strict legal regulations. Furthermore, the paper will emphasize the importance of adopting a purposive (teleological) interpretation of existing and future laws to ensure regulatory frameworks remain agile and relevant in the face of continuous technological evolution. Based on such legislative and interpretive foundations, the paper aims to stress the necessity for South Korea to actively engage with major international stakeholders and foreign countries as such international cooperation is crucial not only for collectively strengthening global financial cybersecurity but also for reducing the risk of regulatory fragmentation in a complex and interconnected quantum security landscape.