The recent unveiling of Google’s “Willow” quantum chip has ignited significant discussion throughout the ecosystem, sparking urgent questions about its implications for blockchain security. Quranium CEO Kapil Dhiman said readers must understand where we are in this rapidly evolving landscape and determine the necessary steps to address this formidable threat.
As the unveiling of Willow triggered liquidations exceeding $1.7 billion, the industry is reeling from the real-world impact of heightened fears of future vulnerabilities. Results of Quranium’s Enterprise Quantum Readiness Survey clarify how much work needs to be done.
The survey, which was conducted among nearly 100 CTOs and IT executives from large global organizations across various sectors – reveals a critical gap. While 75% of organizations acknowledge the disruptive potential of quantum computing, 60% have yet to begin concrete preparations. This lack of readiness amplifies the urgency of action, especially as quantum technology rapidly transitions from theoretical to practical applications.
The Willow chip’s 105-qubit power demonstrates quantum computing’s potential to render current cryptographic systems obsolete.
“Quantum computing will redefine digital security,” said Quranium CEO Dhiman. “Algorithms that have protected data for decades are now at risk, and industries must act quickly to build resilient systems that withstand this quantum disruption.”
This warning is echoed in reports from leading organizations like NIST (National Institute of Standards and Technology), which predict the deprecation of critical encryption algorithms by 2030, alongside warnings about “harvest now, decrypt later” threats—where encrypted data is collected today for decryption in the quantum future.
Quranium Survey Highlights: The State of Quantum Readiness
Recognizing the Threat but Lagging in Action: More than 75% of respondents predict significant disruption from quantum computing within the next decade. Yet, nearly two-thirds of organizations remain unprepared, creating vulnerabilities in industries reliant on secure data handling.
Barriers to Readiness: Security concerns, high perceived costs, and a lack of technical expertise are the top challenges. While 45% of respondents indicate a willingness to invest in quantum solutions, most have not taken tangible steps to address these barriers.
Collaboration and Training Gaps: Only 30% of organizations actively collaborate with academic institutions or quantum technology firms, and just 25% offer formal training on quantum technologies to employees, leaving industries ill-equipped to handle the transition.
Slow Adoption of Quantum-Resistant Encryption: While some companies have started implementing quantum-resistant encryption, more than half remain in exploratory phases or have taken no action, exposing critical systems to future vulnerabilities.
The quantum era is no longer a distant future—it is unfolding now. Quranium said its Enterprise Quantum Readiness Survey highlights the urgent need for industries to shift from awareness to action. This isn’t just a call for individual organizations to prepare, but for the industry to unite under a cohesive strategy for resilience, it warns.
DeQUIP (Decentralized Quantum-Uncrackable Infrastructure Protocol) represents a new market sector coined by Dhiman. He said it serves as an industry standard that the ecosystem can join to collectively secure the decentralized world. Designed to safeguard decentralized systems against quantum threats, DeQUIP sets the standard for securing the digital future.
“The industry must move beyond exploration and into execution,” Dhiman insisted. “Quantum resilience isn’t just about responding to a threat—it’s about seizing the opportunity to redefine trust, security, and innovation in the digital age.”