(USNews.money) Toshiba Corp said on Monday it aims to generate $3 billion in revenue from its advanced cryptographic technology for data protection by 2030, as the Japanese sprawling conglomerate scrambles to find future growth drivers.
The company is hoping to tap global demand for advanced cryptographic technologies as cyber security has come to the forefront of national defence. China is aggressively expanding network infrastructure for QKD, including quantum satellites that relay quantum signals.
The company said it has teamed up with Verizon Communications Inc in the United States and BT Group in Britain in pilot QKD projects, and is in talks with another telecommunications carrier in South Korea.
NOTE: Toshiba is the Sponsor of the Quantum Communications Day , October 29 at the upcoming IQT Europe.