Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Security Management

10/17/2018
08:10 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
50%
50%

IBM's Ginni Rometty: We're the Blockchain & Quantum Computing Leader

At the Gartner Symposium/ITXPO, IBM CEO Ginni Rometty talked a lot about the cloud, but also how Big Blue is leading in two cutting-edge developments: Quantum computing and blockchain.

ORLANDO, Fla. -- Gartner Symposium/ITXPO -- For IBM CEO Ginni Rometty, today might focus on the cloud, whether it's private, public, hybrid or multicloud, but the future belongs to quantum computing and blockchain -- and she believes that Big Blue has the lead over the competition.

Toward the end of Rometty's 45-minute Mastermind Interview here on October 16, with Gartner analysts Daryl Plummer and Dennis Gaughan, Rometty turned to the future -- both her's and the company's. IBM is focused on blockchain, as well as quantum computing. Each of these fits into IBM's tradition of building off original research and internal development to deliver commercial products.

While Rometty might want to position IBM as the leader in both, other tech firms, especially major competitor Microsoft, are also likely to claim their superiority when it comes to blockchain and quantum computing. (See Unknown Document 736667.)

In terms of blockchain, which describes a distributed database or ledger that can be used to track ownership of digital or physical objects, IBM has been building its offerings off the Hyperledger Fabric administered by the Linux Foundation.

Rometty believes that the key to the company's success is not so much in helping to develop the technology, but in the partnerships its building. (See Unknown Document 736485.)

She cited several examples, including its Food Trust Solution, which uses blockchain technology to ensure safety and security within the supply chain that supplies the world with about 2 million different products. Walmart uses the system and encourages its supplier to use it as well.

However, the megastore's competitors also use it. (See Unknown Document 735598.)

This is where IBM, as the honest broker, makes its mark.

"Everyone who thinks that I'm going to be the convener and anchor of the network -- that's not how things are going to happen," Rometty said, urging the audience to start investing in this technology now. "You are going to join onto networks and the key point is that it does matter who the network and what the business model is... and the reason we use Hyperledger is that it has private channels and you can be on with competitors. You can do what you need to do."

Rometty noted that in the example of the Food Trust, Walmart can participate without having to worry about competitors since the databases are distributed and the chain is built on trust. "I think what you are seeing is that no one business can own these," she added.

Shifting the conversation to quantum computing, which is even more cutting-edge than blockchain, Rometty believes that companies will begin serious investment within the next five years, especially in areas such as wealth, risk and materials management, along with logistics.

Unlike traditional supercomputing, quantum computing uses quantum mechanics to create the computation power of a massively parallel supercomputer. Unlike traditional computing, which is based on binary 1s and 0s, quantum computing uses quantum bits -- qubits -- that can represent 0, 1 or both numbers at the same time.

"Twenty qubit is now up [and] live and we have run 6 million experiments through it," Rometty said. "Many of the people in this audience... we have it in manufacturing to banking, and you need to be playing around with it now."

In the future, Rometty said IBM hopes to offer up to 50 qubits, which will pass the computing power now offered by the world's largest supercomputers. "This will allow you to model things that you would need infinite compute now to do," she added.

At the same time, quantum computing can break current encryption standards once it reaches a certain qubits threshold. It's one reason why IBM is working on even more enhanced security, such as lattice-based cryptography, that will actually counter the effects quantum computing will have on current security and encryption standards. (See How Quantum Physics Will Protect Against Quantum-Busting Encryption.)

"So the world will be safe and that's [the company taking] responsibility by doing both at the same time," Rometty said.

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Cloud Security Threats for 2021
Or Azarzar, CTO & Co-Founder of Lightspin,  12/3/2020
Why Vulnerable Code Is Shipped Knowingly
Chris Eng, Chief Research Officer, Veracode,  11/30/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
Assessing Cybersecurity Risk in Todays Enterprises
Assessing Cybersecurity Risk in Todays Enterprises
COVID-19 has created a new IT paradigm in the enterprise and a new level of cybersecurity risk. This report offers a look at how enterprises are assessing and managing cyber-risk under the new normal.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-27772
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in coders/bmp.c. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of values outside the range of type `unsigned int`. This would most likely lead to an impact to application availability, but could po...
CVE-2020-27773
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in MagickCore/gem-private.h. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of values outside the range of type `unsigned char` or division by zero. This would most likely lead to an impact to appli...
CVE-2020-28950
PUBLISHED: 2020-12-04
The installer of Kaspersky Anti-Ransomware Tool (KART) prior to KART 4.0 Patch C was vulnerable to a DLL hijacking attack that allowed an attacker to elevate privileges during installation process.
CVE-2020-27774
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in MagickCore/statistic.c. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of a too large shift for 64-bit type `ssize_t`. This would most likely lead to an impact to application availability, but co...
CVE-2020-27775
PUBLISHED: 2020-12-04
A flaw was found in ImageMagick in MagickCore/quantum.h. An attacker who submits a crafted file that is processed by ImageMagick could trigger undefined behavior in the form of values outside the range of type unsigned char. This would most likely lead to an impact to application availability, but c...