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DISCUSSION "How Crypto-Agility Becomes the New Competitive Advantage" (20 min)

Pavol Frič - Vice President, IT Association of Slovakia · Ľubomír Labanc - Systems HW Sales - Power, IBM Slovakia ·

Quantum computers promise to break what digital trust rests on. Experts in the discussion warn that the time to prepare is now, even though we do not know the exact tipping point. They compare it to the year 2000, only this time we do not know when the flag will drop.

Quantum changes the rules of the game

Today’s online world rests on cryptography: we encrypt data, verify identities, and sign documents. Algorithms used for years can, however, be broken given sufficient computing power, and with the advent of quantum computing this moment will rapidly draw nearer. Quantum computers solve certain tasks in a fundamentally different way, as if a third dimension were added to two. If it became possible to compute the private key from the public key, the chain of trust would collapse.

The consequences would affect not only confidentiality, but especially authenticity and enforceability. A certificate on a website might no longer prove that it belongs to a bank, and an electronic signature would not be reliable evidence in legal relations. Electronic communication with the state and between companies would grind to a halt, from timestamps to institutional seals. The panelists do not consider a return to paper realistic in a digitally dependent society.

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Pavol Frič

IT Association of Slovakia
Vice President of IT Association of Slovakia for eGovernment. In 1986, he finished his university studies at the Department of Computers of the Faculty of Electrical Engineering, SVŠT in Bratislava. After completing his studies, he continued to work at the university and in 1995 defended his candidate's dissertation in the field of artificial …

Ľubomír Labanc

IBM Slovakia
He is currently responsible for server sales at IBM Slovakia. He has been with IBM for three decades. He began his professional career in basic research at the Slovak Academy of Sciences. His subsequent positions involved the implementation of large-scale projects, initially in technical and architectural roles, and later in sales and management…

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