The French central bank claims to have developed a library of security algorithms that will be resistant to the threat posed by quantum computing.

The Banque de France has been experimenting with so-called “post-quantum” security technology in preparation for a world where the rise of quantum computing leaves systems more susceptible to hacking.

The Banque de France has been working with Cryptonext Security on the use of so-called “post-quantum” algorithms that may be resistant to the computational power of future quantum computers.

The announcement follows the publication of a white paper from post-trade services firm DTCC, which warned of “significant new risks for financial firms” from quantum computers that could make even the most highly protected computers susceptible to hacking.

The central bank claims to have developed a library of “quantum-robust” algorithms in partnership with Cryptonext Security that enable totally secured data exchanges.

According to Banque de France, the tests proved the capacity of the algorithms meets the recommendations of French and international information security authorities.

“Through the successful implementation of post-quantum algorithms, the Banque de France demonstrates its ability to master new encryption technologies to stay state of the art in the security of its communications in the face of the security risks that quantum computing could pose in the future,” said Valérie Fasquelle, deputy general director, Banque de France.

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