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K-Chains: A New Class of Blockchains and Related Turing Machines Based on Quantum Mechanics

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  • Hegadekatti, Kartik

Abstract

Quantum Mechanical principles have brought about a revolution in the way we perceive our world and use technology. One of the possible impacts and usage of Quantum mechanics is in the field of economics. Quantum mechanics can be applied to build a new class of Blockchain systems. This paper explores that possibility. It deals with how Quantum Mechanics can be best implemented to bring into existence a new class of Blockchain systems. These Quantum Blockchains (called K-Chains) will have several advantages like possible Faster-Than-Light (FTL) communication of Transactions, Unlimited network capacity and the revolutionary prospect of an Off-line Blockchain which will not need to be connected to the internet for transactions to occur. Extrapolation of this likelihood can lead to the designing of Quantum Turing Machines which are based on Quantum Blockchain (K-Chain) Technology. Real time information and communication systems spanning distances across light-years will most likely be probable. This can allow Mankind to instantly exchange value and information across vast distances of space almost instantly. The paper starts by briefly explaining the basics of Blockchains, cryptocurrencies and relevant Quantum mechanical concepts. Then we discuss how Quantum mechanics can be amalgamated with Blockchain Technology to achieve K-Chains. Later we will delve into the various impediments that make achieving a Quantum Blockchain (K-Chain) difficult with present day hardware technology. The paper concludes by discussing the various aspects of Quantum Technology, Blockchain Systems and the possibilities of constructing a Blockchain based Quantum Turing Machines.

Suggested Citation

  • Hegadekatti, Kartik, 2017. "K-Chains: A New Class of Blockchains and Related Turing Machines Based on Quantum Mechanics," MPRA Paper 82832, University Library of Munich, Germany, revised 16 May 2017.
    • Handle: RePEc:pra:mprapa:82832
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    File URL: https://mpra.ub.uni-muenchen.de/82832/1/MPRA_paper_82832.pdf
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    References listed on IDEAS

    as
    1. Hegadekatti, Kartik & S G, Yatish, 2016. "The K-Y Protocol: The First Protocol for the Regulation of Crypto Currencies (E.g.-Bitcoin)," MPRA Paper 82067, University Library of Munich, Germany.
    2. Hegadekatti, Kartik & S G, Yatish, 2016. "Roadmap for a Controlled Block Chain architecture," MPRA Paper 82070, University Library of Munich, Germany, revised 16 Aug 2016.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Quantum; Blockchain; Cryptocurrency; RSBC; Controlled Blockchain; K-Y Protocol;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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