The threat of quantum computers has been a topic of concern for the blockchain community, with many protocols preparing to implement post-quantum solutions. However, one challenge that remains is verifying ownership in case of stolen funds.
Near One's development and research team have suggested using zero-knowledge proof technology to solve this problem. This would allow the rightful owner to prove they know the original seed phrase without exposing sensitive information.
The push comes after researchers at Google and the California Institute of Technology warned that functional quantum computers could arrive sooner than expected, with the potential to break cryptography within 10 minutes. Near One is researching ways to solve the problem of verifying ownership in case of stolen funds, including implementing a post-quantum-safe signing system for their layer-1 blockchain.