Golden Finance reports that IBM Quantum and Microsoft have formed an alliance with the non-profit research institution MITER, the British cryptography company PQShield, Google sibling company SandboxAQ and the University of Waterloo to jointly solve the problem of post-quantum cryptography. Post-quantum cryptography (PQC) addresses the potential threats posed by future quantum computers. Current cryptographic schemes rely on mathematical problems to thwart decryption attempts. According to the press release, preparations for the PQC transition include developing algorithm standards; creating secure, reliable and efficient implementations of these algorithms; and integrating new post-quantum algorithms into cryptographic libraries and protocols.