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HSBC to Trial Quantum Encryption Technology for Secure Transactions with Amazon, BT, and Toshiba

HSBC, the eighth largest bank in the world based in London, will collaborate with Amazon Web Services, BT, and Toshiba to conduct trials and experiments using quantum encryption technology. The bank will be the first to test the new quantum "metro" network, which is a secure transaction system that utilizes unbreakable encryption to secure transactions via quantum cryptography.

HSBC will trial several use-cases on the network including financial transactions, video calls, and edge-computing. One of the key quantum tech uses HSBC will experiment with is called "quantum key distribution" (QKD), which allows two parties separated by distance to send information to one another in a secure manner. The tests will occur over 62 kilometers of fiber optic cables connecting the bank's global HQ in Canary Wharf to a data center in Berkshire.

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