| Category | Assignment | Subject | Computer Science |
|---|---|---|---|
| University | ___ | Module Title | Cryptography and Blockchain Msccybe1 |
A multinational financial institution is concerned with protecting its sensitive financial transactions. You have been tasked with developing a security policy to safeguard the data as a cryptography expert. The objective is to demonstrate a technique that simultaneously assures confidentiality, integrity, non-repudiation, and authenticity for financial transactions. Consider a plaintext of your choice of a minimum 20 characters, and provide an efficient technique that adheres to all of these security principles. You can illustrate the data flow and protect financial transactions with block cipher (additive or vignere cipher) or stream cipher (one-time pad), hash functions, asymmetric key cryptography/symmetric key cryptography, and digital signatures. Also, describe the three limitations of the selected technique.
(25 marks and 600 Maximum words)
Describe the principles underlying quantum cryptography and explain how it enhances security beyond classical cryptographic methods. Compare the security features of quantum cryptography with those of traditional, classical cryptography, emphasizing specific advantages that quantum cryptography offers, such as protection against eavesdropping and computational attacks. What challenges might arise in transitioning from classical secure systems to quantum-secure systems, including issues related to compatibility, infrastructure, and the potential need for new standards?
(20 marks, 600 Maximum words)
a.Ethereum smart contracts, immutability plays a crucial role in enhancing user trust and transparency, as it ensures that contract code cannot be altered once deployed. However, this same immutability presents challenges that can have severe consequences, such as loss of funds or functionality in the event of bugs or vulnerabilities in the code. Discuss the balance between these benefits and risks, detailing how immutability supports decentralized integrity while also introducing significant risks in cases where contract errors cannot be corrected. Provide an example to illustrate how these dynamics impact both the reliability and potential vulnerabilities within Ethereum smart contracts.
(20 marks, 600 Maximum words)
b.Perform the following tasks:
(15 marks, No word limit)
Choose a real-world use case where blockchain technology has the potential to enhance key features like efficiency, security, transparency, and immutability compared to centralized systems. Explain how blockchain could specifically improve these aspects in the chosen use case, and also address the potential challenges and risks associated with implementing blockchain in this context, such as scalability, regulatory compliance, and integration with existing systems.
(20 marks, 600 Maximum words)
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