Authors : Adeshina Akin Ajayi; Igba Emmanuel; Adesola Dorcas Soyele; Joy Onma Enyejo

Volume/Issue : Volume 9 - 2024, Issue 10 - October

Google Scholar : https://tinyurl.com/3sfuad3a

Scribd : https://tinyurl.com/3kzc8fkr

DOI : https://doi.org/10.38124/ijisrt/IJISRT24OCT1697

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : This paper explores the integration of quantum cryptography and blockchain technology to address two pressing challenges: securing financial transactions in Central Bank Digital Currencies (CBDCs) and combating the spread of misinformation during U.S. elections through decentralized social media platforms. As quantum computing advances, traditional encryption methods may become obsolete, posing significant risks to digital financial systems. Quantum cryptography, with its quantum-resistant algorithms, offers enhanced protection for CBDC transactions, ensuring long-term security and privacy. Simultaneously, blockchain-based social media platforms provide a decentralized structure that can prevent the dissemination of false information by ensuring transparency and authenticity through cryptographic verification and consensus mechanisms. These platforms also facilitate decentralized identity management, empowering users to verify content without relying on centralized authorities. By combining quantum cryptography’s secure framework with blockchain’s decentralized transparency, this dual approach creates a more secure digital ecosystem that not only safeguards financial transactions but also strengthens democratic processes. The paper further addresses the regulatory and technical challenges associated with implementing these technologies and their potential to shape a more secure, transparent, and accountable future.

Keywords : Quantum Cryptography; Blockchain Technology; CBDCs; Digital Security; Misinformation; Financial Transactions.

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