Noise-tolerant public-key quantum money from a classical oracle

Peter Yuen

University of Ottawa, Department of Mathematics and Statistics

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Abstract

Quantum money is the task of verifying the validity of banknotes while ensuring that they cannot be counterfeited. Public-key quantum money allows anyone to perform verification, while the private-key setting restricts the ability to verify to banks, as in Wiesner's original scheme. The current state of technological progress means that errors are impossible to entirely suppress, hence the requirement for noise-tolerant schemes. We show for the first time how to achieve noise-tolerance in the public-key setting. Our techniques follow Aaronson and Christiano's oracle model, where we use the ideas of quantum error correction to extend their scheme: a valid banknote is now a subspace state possibly affected by noise, and verification is performed by using classical oracles to check for membership in "larger spaces." Additionally, a banknote in our scheme is minted by preparing conjugate coding states and applying a unitary that permutes the standard basis vectors.

Quantum states are highly sensitive to their environment; factors like heat and vibrations can alter them in unexpected, undesirable ways. When this occurs, we say that the quantum state has been affected by noise (that is, the state has incurred some errors). In the context of quantum money, where the goal is to produce verifiable, unforgeable banknotes, noise-tolerance is especially relevant because in any practical real-world version of quantum money, a banknote would need to be stored for some period of time (like how money sits in an account). But with a quantum state acting as a banknote, it is natural that errors will occur as time is spent in storage. With enough errors, a valid banknote would fail a verification check, resulting in a loss of value. Thus, a noise-tolerant scheme is a necessity.

In this work, we present the first noise-tolerant public-key quantum money scheme (public in the sense that anybody can verify a banknote, as opposed to the private setting where only banks have the capability to verify). Our approach is to use the foundational framework developed by Aaronson and Christiano, and build upon the fact that their scheme resembles a well-known quantum error correcting code. This results in a scheme for public-key quantum money that is inherently noise-tolerant, as opposed to applying a layer of quantum error correction on top of an existing scheme.

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[2] Mathieu Bozzio, Claude Crépeau, Petros Wallden, and Philip Walther, "Quantum cryptography beyond key distribution: Theory and experiment", Reviews of Modern Physics 97 4, 045006 (2025).

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