When quantum information technologies meet blockchain in Web 3.0

  • Minrui Xu
  • , Xiaoxu Ren
  • , Dusit Niyato
  • , Jiawen Kang
  • , Chao Qiu
  • , Zehui Xiong*
  • , Xiaofei Wang
  • , Victor C.M. Leung
  • *Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

23 Citations (Scopus)

Abstract

With the drive to create a decentralized digital economy, Web 3.0 has become a cornerstone of digital transformation, developed on the basis of computing power networks, distributed data storage, and blockchain. With the rapid realization of quantum devices, Web 3.0 is being developed in parallel with the deployment of quantum cloud computing and quantum Internet. In this regard, quantum computing first disrupts the original cryptographic systems that protect data security while reshaping modern cryptography with the advantages of quantum computing and communication. Therefore, in this paper, we introduce a quantum blockchain-driven Web 3.0 framework that provides information-theoretic security for decentralized data transferring and payment transactions. First, we present the framework of quantum blockchain-driven Web 3.0 with futureproof security during the transmission of data and transaction information. Next, we discuss the potential applications and challenges of implementing quantum blockchain in Web 3.0. Finally, we describe a use case for quantum non-fungible tokens (NFTs) and propose a quantum deep learning-based optimal auction for NFT trading to maximize the achievable revenue for sufficient liquidity in Web 3.0. In this way, the proposed framework can achieve proven security and sustainability for the next-generation decentralized digital society.

Original languageEnglish
Pages (from-to)255-263
Number of pages9
JournalIEEE Network
Volume38
Issue number2
Early online date15 May 2023
DOIs
Publication statusPublished - 15 Mar 2024
Externally publishedYes

ASJC Scopus subject areas

  • Software
  • Information Systems
  • Hardware and Architecture
  • Computer Networks and Communications

Fingerprint

Dive into the research topics of 'When quantum information technologies meet blockchain in Web 3.0'. Together they form a unique fingerprint.

Cite this