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IEEE International Conference on Quantum Computing and Engineering (QCE)

Quantum Readiness: Unlocking the Quantum Advantage for Australian Industries

Rebecca L Coates, Mohan Baruwal Chhetri

Published Sep 15, 2024• 2 citations
Publisher

Abstract

Quantum technologies hold immense potential to revolutionise industries, society and our way of life. However, unlocking its benefits requires a balanced approach; one that acknowledges its vast potential while proactively addressing the potential risks and unforeseen challenges. This position paper introduces the concept of quantum readiness - a proactive and multifaceted strategy that equips government, industry, academia, and civil society to responsibly navigate the quantum landscape. Quantum readiness encompasses two key aspects: general quantum readiness for leveraging the potential benefits of quantum technologies, and quantum cyber readiness to address the unique cybersecurity risks and challenges posed by these advancements. A proactive approach to quantum readiness can unlock unprecedented opportunities for businesses, government, academia, and civil society, while mitigating emerging (cyber) risks and ensuring a secure, competitive, and sustainable future. We also propose a systematic approach, guided by responsible innovation theory, for assessing the quantum readiness of industry sectors. We are currently applying it to assess the quantum readiness of Australian industry to identify critical gaps, vulnerabilities, and potential opportunities. This assessment will provide actionable insights to policymakers, industry leaders, and researchers, enabling them to enhance Australia's overall quantum readiness and position itself as a global leader in responsible quantum technology development and adoption.

DOI
10.1109/qce60285.2024.10253

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Quantum technologies hold immense potential to revolutionise industries, society and our way of life. However, unlocking its benefits requires a balanced approach; one that acknowledges its vast potential while proactively addressing the potential risks and unforeseen challenges. This position paper introduces the concept of quantum readiness - a proactive and multifaceted strategy that equips government, industry, academia, and civil society to responsibly navigate the quantum landscape. Quantum readiness encompasses two key aspects: general quantum readiness for leveraging the potential benefits of quantum technologies, and quantum cyber readiness to address the unique cybersecurity risks and challenges posed by these advancements. A proactive approach to quantum readiness can unlock unprecedented opportunities for businesses, government, academia, and civil society, while mitigating emerging (cyber) risks and ensuring a secure, competitive, and sustainable future. We also propose a systematic approach, guided by responsible innovation theory, for assessing the quantum readiness of industry sectors. We are currently applying it to assess the quantum readiness of Australian industry to identify critical gaps, vulnerabilities, and potential opportunities. This assessment will provide actionable insights to policymakers, industry leaders, and researchers, enabling them to enhance Australia's overall quantum readiness and position itself as a global leader in responsible quantum technology development and adoption.
The cybersecurity infrastructure of the digital age is facing an unprecedented threat with the rise of quantum computing. Current public-key cryptographic systems are at risk of being broken by quantum algorithms such as Shor’s and Grover’s. This threat has triggered a global effort, known as quantum readiness, which necessitates a proactive approach in both academia and the industry. This review article examines the fundamental dynamics of quantum readiness, academic research worldwide, and concrete applications in the cybersecurity sector. The article details the international competition led by the National Institute of Standards and Technology (NIST) to define post-quantum cryptography (PQC) standards. It also analyzes the national PQC strategies of the US, the EU, China, and other Western countries, the transition processes in critical sectors like finance and telecommunications, and key concepts like crypto-agility. This study reveals that the quantum threat is not merely a theoretical possibility but a strategic security issue, and that preparing for this threat is vital for a seamless digital security future.
Quantum computing is becoming operationally relevant, presenting latent risks and opportunities for enterprise organisations. The timetable for large-scale quantum advantage is uncertain, yet cybersecurity, compliance, systems architecture and innovation are increasingly becoming evident. Data protected under current encryption standards may become vulnerable to quantum-enabled decryption, and regulatory expectations are beginning to reflect long-term cryptographic risks. This white paper defines quantum readiness as a strategic enterprise discipline focused on assessing exposure, preparing internal capabilities, and enabling structured engagement. It defines six capability domains where investment is required: cryptographic transition, workforce development, governance alignment, compliance frameworks, innovation acceleration, and ecosystem partnerships. Each domain is a lever for managing risk and enabling future participation in quantum-related developments. A phased implementation path is proposed based on three stages: Assess, Strategise and Operationalise. This model enables organisations to initiate internal diagnostics and planning, followed by capability building, pilot activity, and integration into governance structures. The approach supports proportional investment while maintaining flexibility in response to emerging technological and regulatory signals. Rather than requiring immediate adoption of quantum technologies, quantum readiness calls for precise planning, institutional awareness, and measured progression. To be better positioned to manage disruption and capture future value as the technology matures, enterprise leaders must act early to define their posture and build foundational capability.
The rapid advancement of quantum computing technology presents unprecedented opportunities and challenges for global governance. This comprehensive study examines the current landscape of international quantum computing regulation, exploring the delicate balance between fostering innovation and addressing security concerns. Through a mixed-methods approach, including policy analysis, expert interviews, and case studies of key countries and regions, we identify significant fragmentation in regulatory approaches, a pressing need for standardization, and ethical considerations that demand immediate attention. Our findings reveal strong stakeholder support for international cooperation, despite geopolitical tensions, and highlight the risk of a growing "quantum divide" between nations. Based on these insights, we propose a series of recommendations, including the establishment of an International Quantum Governance Forum, the adoption of a risk-based adaptive regulatory framework, and the implementation of a Global Quantum Literacy Initiative. This research contributes to the ongoing dialogue on quantum technology governance and provides a roadmap for policymakers, researchers, and industry leaders to navigate the complexities of regulating this transformative technology. By addressing these challenges proactively, we can harness the full potential of quantum computing while mitigating its risks, ultimately shaping a quantum future that benefits all of humanity.
Recent advancement in quantum computing has shined a light on potentials for tackling computational problems and has drawn significant attention from sectors like healthcare and finance. Because of the rapid evolution in quantum technology and the notable distinction between traditional and quantum approaches, a new standard to guide the operationalization of quantum solutions and assess the readiness level is needed. In this paper, we construct and analyze the organizational readiness levels for the development and deployment of quantum solutions based on the original Technology Readiness Level (TRL) [1] while naming the risks from both ethical and regulatory perspectives. The main goal is to provide a comprehensive alignment and direction on how businesses, industries and governments can prepare for and leverage quantum technologies responsibly. Finally, to uncover the practical benefits of adopting this Responsible Quantum Readiness framework, we present a hypothetical case study in the financial service industry.
"The rapid advancement of quantum computing poses a significant threat to the cybersecurity of our increasingly digitized world. As quantum computers become more powerful and accessible, they have the potential to break many of the cryptographic algorithms that currently secure our sensitive data, financial transactions, and critical infrastructure. This looming “quantum threat” has far-reaching implications for individuals, organizations, and nation-states, as it could lead to widespread data breaches, economic disruption, and compromised national security. Despite the growing recognition of this risk, existing legal and regulatory frameworks are largely unprepared to address the unique challenges of quantum-enabled cyber threats. Moreover, the geopolitical implications of the quantum revolution are complex and multifaceted, with the potential to reshape the global balance of power and exacerbate technological inequalities. To mitigate these risks and promote quantum readiness, there is an urgent need for the international community to develop new legal frameworks and cooperative mechanisms that span technical, economic, legal, and political domains. This article provides an interdisciplinary analysis of the quantum threat to cybersecurity, examines its potential impacts across various sectors and international relations, and offers policy recommendations for developing a comprehensive global governance framework. By proactively addressing this challenge through multi-stakeholder collaboration and quantum-resistant solutions, we can work towards a more secure and resilient digital future in the face of this transformative technology. "
The emergence of quantum computing is set to reshape the landscape of cybersecurity, presenting a blend of significant challenges and groundbreaking opportunities. This paper delves into the growing risks tied to quantum technologies, with a particular focus on post-quantum cryptography (PQC) and the threats posed by the possible obsolescence of traditional cryptographic methods. As quantum computing capabilities advance at a rapid pace, the need for the development of quantum-resistant security protocols has become more urgent than ever. This research investigates the vulnerabilities of current cryptographic systems, the potential dangers posed by quantum computing, and the solutions already available in the field of post-quantum cryptography. Furthermore, the paper outlines a comprehensive framework for cybersecurity solutions that are resilient to future quantum threats, emphasizing the importance of collaboration across academic, industrial, and governmental sectors. By reviewing current literature and technological developments, this paper provides a roadmap for transitioning to quantum-safe security practices, addressing the risks brought on by quantum advancements, and ensuring that critical infrastructure is well-defended against quantum-driven attacks. The findings indicate that while quantum computing introduces profound risks to traditional cybersecurity systems, a proactive, strategic adoption of PQC solutions can effectively protect vital infrastructure in the post-quantum age.