Toshiba Targets $3 Billion Revenue in Quantum Cryptography by 2030
Toshiba said on Monday it aims to generate $3 billion (roughly Rs. 22,011 crores) in revenue from its advanced cryptographic technology for data protection by 2030, as the Japanese sprawling conglomerate scrambles to find future growth drivers.The cyber security technology, called quantum key distribution (QKD), leverages the nature of quantum physics to provide two remote parties with cryptographic keys that are immune to cyberattacks driven by quantum computers.Toshiba expects the global QKD market to grow to $12…