Quantum computing poses a potential threat to blockchain security. Quantum computers could solve mathematical problems much faster than classical computers by taking advantage of quantum mechanical properties like superposition and entanglement. This could allow hackers to break the public-key cryptography that secures blockchain transactions. In particular, Shor's algorithm could be used on a powerful quantum computer to efficiently find the prime factors of blockchain encryption keys. Researchers estimate it may take 10-30 years before quantum computers reach the power needed to pose an actual risk, giving blockchain developers time to transition to quantum-resistant cryptography standards. For now, both technologies are still developing and their long-term relationship remains uncertain.

1. RISE OF
QUANTUN
COMPUTING
ADVANTAGES OF
SERVER VIRTUALIZATION

2. Your Needs...
Our AnalysisProposal, Design, Development, Testing & Delivery

4. Elsewhere, you will also find two featured articles published in the sections Rise of Quantum
Computing and Advantages of Server Virtualization respectively. These articles are best to boost your
knowledge concerning the advancement of technology in the market.
Other honorary featured companies in the magazine include Prepaid Ventures, AGS Transact
Technologies, and PayKun Payment Solutions. These companies have not only shown their
remarkable intent to play against the odd but also have been a pioneer in innovative services.
On the cover of the magazine, we have featured Mobivend. It offers automated intelligent cashless and
touchless payment solutions to enhance productivity and sales. Its transaction management system
explores the unlimited market potential of contactless payment methods.
This limited intent and scattered development were soon exposed to the outbreak of COVID-19.
Manifest to these exposures, companies were on the edge to make emends to provide uninterrupted
services to its customers. Few managed to sustain in the market and others were axed off the market as
their market share was migrated to other companies with better services. Our theme of the magazine
exhibits these market scenarios describing the ground reality of the payment and card industry from the
horse's mouth.
The migration of the world towards digital-based operations is quite evident today. In the last few
years, we have witnessed some prolific evolution especially in the payment and card industry.
Fairly, the promotion of digital payment methods has been fruitful in the APAC region.
Congruently, the popularity of smartphones featuring digital payment modes integrated with advanced
banking solutions has played an equally important role. The customer experience with these advanced
features has helped the industry to grow at a rapid pace but this development was scattered due to the
limited intent of the companies.
There are few certainties in these uncertainties!
Shubham Biradar
Relentless Exhibition of Intent !
2020
Companies
Inventive
&PAYMENTS
CARDS
Content writer

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Editor-in-Chief :
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Utkarsh Deshpande
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Graphic Designer:
Vinod Alhat
Sushant Kamble
Head of Distribution & Production: Aakash Mahajan
Business Analysts : Maria Smith
Advertising : Jacob Eddy
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6. QUANTUM COMPUTING RISES:
IS IT TIME TO BID BLOCKCHAIN A GOODBYE?
RISE OF QUANTUN COMPUTING
32
22
ADVANTAGES OF SERVER VIRTUALIZATION
Mobivend
C O N T E N T S
Top 5 Advantages of Server
Virtualization

7. ARTICLES
20
AGS
Transact
26
Prepaid
Ventures
PayKun 30
12

10. 10
The Future of
Unattended Automated Retail
PAYMENTS & CARDS COMPANIES

11. 11
“Smart
machines
do Better
business”
COVER|STORY
Suvigya Rathee
Director-Business Oprations

12. Acclimating with the new norms of COVID-19
such as social distancing, the world is on the
quest of discovering alternatives to several
services and solutions. The payment and card industry is
aiding the world with its contactless payment method.
With the adaption of digitalization, it offers more secure
payment options to the customers. Though the cashless
transaction is not new, the importance of it has increased
due to the measures taken to avoid the spread of COVID-
19. Another important aspect of the cashless transaction is
the increase in the popularity of Unattended Automated
Retail. Moreover, it has the potential of enhancing the
digital shift in the payment and card industry allowing
customers to engage more without any further distress.
Transforming Vending Ecosystem
Currently, there is a huge demand for secure cashless
payment solutions that has universal acceptance. In the
near future, it is expected that the digital transaction will
observe an unprecedented growth. Acknowledging the
demand, Mobivend offers automated intelligent cashless
and touchless payment solutions to enhance productivity
and sales. Its transaction management system explores the
unlimited market potential of contactless payment
methods.
Mobivend's contactless vending solutions transform
existing vending machines to automated, intelligent, smart,
unmanned, digital, cashless retail micro-stores and self-
service kiosks. Moreover, its payment modules meet the
latest security standards and support almost every cashless
payment method. Machine owners and managers are also
benefited from its seamless performance and servicing
standards allowing it to improve overall end-user
The vending ecosystem is presumably one of the most
creditable methods in the payment and card industry. With
the zest of dominating the market, Mobivend offers an
integrated software-based solution that has made vending
simpler, smarter, and faster providing a holistic 'end to
end cashless & telemetry solution' for the vending
ecosystem. Its proprietary cashless payment device powers
unattended machines with just a quick plug & play
method. Mobivend's cashless payment solution and touch-
free dispensation along with backend telemetry and
analytics help in supply chain optimization, increased
business visibility, and advanced consumer insights.
For retail vendor partners, Mobivend set up a model to run
Observing the latest trends in the past few years, Online
Shopper, Retail Vendor Partners, Corporates, and Food
Vendor Partner are few of the most active consumers of
contactless payment methods. Also, the popularity of e-
commerce websites is growing at a rapid pace.
Acknowledging the shift in the industry, Mobivend is
providing its service to online shoppers by offering an e-
commerce portal, where one can collect the order from the
nearest pickup Mobivend kiosk. Using the search bar on
the home page of the company, users can also locate the
network of self-service kiosks. Furthermore, it also offers
a 24x7 Parcel delivery service at the preferred and
convenient locations. The company values the privacy of
the users by not sharing the contact information with any
third party.
Innovative Cashless Solutions
experience.
PAYMENTS & CARDS COMPANIES
12

13. and manage multiple mini shops (Mobivend kiosks). Other
important aspects of retail are Customer Relationship
Management, Inventory Management System, and
payment settlement. The company comprises these three
by tracking customers buying behavior, frequency of
footfalls, and shopping trends. It provides real-time
inventory tracking and monitoring system to keep track of
the current stock position and products sold to facilitate
the judicious replenishment of stock in all kiosks. This
eliminates the possibility of human error in stock checks
and ensures the availability of products in kiosks at all
times. In the latter stages, Mobivend helps with faster and
cashless payment facility which reduces cash management
overhead.
Corporate offices remained untargeted by the payment and
card industry, which left them with very few available
services. Mobivend targets the most common issue of
providing meals in corporate offices by offering meal
kiosk. It consists of various types of nutritious meals and
assorted snacks. It consumes less time, allows users to
select a favorite meal on the app, pays online, and collect
the meal from the kiosk installed in the office. The food
vendor is another emerging sector where Mobivend
partners with its services by offering logistics, setting up
meal boxes, finding locations, collecting payment, paying
rent, and electricity bills. It leverages the food vendors to
open satellite business locations in corporates and ensure
customer loyalty just by sitting at one place.
Eliminating the COVID-19 Risks
Taking account of the current situation of COVID-19,
Mobivend vending solution proves to be one of the best
solutions for the consumers. With offices resuming
globally, the need for contactless methods will bring
transformation in the organizations. Moreover, to further
deal with the crisis, it is important to have an effortless
management system in the organization. Mobivend's
solution can limit access to products for a certain period to
ensure that any virus transfer or contamination risk is
eliminated. Inventory management is very critical
especially during the crisis, Mobivend helps companies to
manage and track inventories with minimal involvement
of employees. This reduces the contact of employees who
are managing and consuming the inventory and protecting
them from getting contaminated.
Our contactless vending
solutions can transform
existing vending machines
to automated, intelligent,
smart, unmanned, digital,
cashless retail micro stores
and self-service kiosks.
‘‘
13

14. WE MAKE CASH
PAYM
14

15. HLESS
MENTS A REALITY
Mobivend’s automated,
intelligent cashless payment
solution enhances productivity &
sales ultimately improving
organization’s bottom line
HLESS
MENTS A REALITY
Mobivend’s automated,
intelligent cashless payment
solution enhances productivity &
sales ultimately improving
organization’s bottom line
15

16. · Focusing on strategic and long-
term planning
· Ensuring effective communication
· Implementing new methods to
maintain the team's social
interactions and still have fun
· Continuing to recognize and
highlight employees' exceptional
efforts
· Assisting with support whenever
required
· Reassuring the welfare of the staff
Mobivend is utilizing the challenging time
as a mode of opportunities by keeping the
daily tasks low to allow the team to focus
on longer-term, bigger picture projects. To
motivate employees in this critical time, the
company conducts several activities such
as:
Focusing On Team Building
For its unique solutions and services,
Mobivend has a strong clientele. Xiaomi
Mobile Phones and Electronics Vending
Machine have praised Mobivend's solution
for enabling a completely cashless payment
method on the MI Express Kiosks via all
digital wallets for the end consumer.
Continuing with the current services and
further develop new services in the future,
Mobivend intends to be a leader in enabling
technology for automated self-service
kiosks. By end of the year 2022, the
company believes to offer its servicing over
100,000 vending and self-service kiosks
across the world managing over 10,000,000
transactions every day.
Leading Towards Capturing the Vending
Services
· Initiatives for Cross-training
employees for better workplace
flexibility
PAYMENTS & CARDS COMPANIES
16

17. CREATE, DELIVER.TRANSFORM,

20. 20

21. 21

22. 22
RISE OF QUANTUN COMPUTING

23. 23
uantumCompu ng Rises:
Is It Time To A Goodbye?Bid Blockchain
Murmurs are going around on how new
technology is going to take over blockchain's
layers of encryption effortlessly. According to
the study quantum computing may eventually settle the
cryptographic structure of blockchains. However, both
technologies are new and innovative in their features. To
simplify, Blockchain is a platform for performing a
transparent and hassle-free transaction, and quantum
computing is the next-generation computing machine which
will make the work more fast and easy.
Quantum computational power is determined by how many
qubits a machine can simultaneously control. Quantum
Quantum computing includes quantum mechanical theory
to speed up quantum computers ability to solve complex
mathematical equations in a fraction of time which classic
computers would take a lot of time. Classical computers
(regular computers) rely on binary bits that range in one of
two states, 1 and 0, whereas, quantum computers use
quantum bits or qubits. The state of superposition, which is
necessary to perform calculations is hard to achieve and
also difficult to maintain. Physicists use laser and
microwaves to put qubits in the working state and then
make use of an array of techniques to preserve it from
fluctuations. Current quantum computers are not accurately
errored free due to the instability of working conditions
which disintegrates in a process called decoherence before
most operations can be executed.
Quantum computing: A threat for Blockchain?
The idea of blockchain's unchangeable nature and
unmatched security is widely accepted. It triggers the
public's trust in digital assets and encourages mass
acceptance. However, the launch of quantum computing
could risk the integrity of public-key cryptography, which is
the backbone of blockchain security.
Quantum computers and blockchain
A mathematical structure designed to secure data through
asymmetric cryptography and the hash function is a
blockchain. If the quantum computing advances then it
would be a threat to blockchain integrity as the quantum
technology in the hands of hackers may primarily target
emerging payment infrastructures including cryptocurrency.
computing makes use of subatomic particles. These
particles will be present in more than one state at one
particular time. This unique feature results in the fast speed
of the machine as compared to that of a regular machine.
They can store a bulk amount of data with lesser
consumption of energy. Quantum processors are million
times faster than the processors we use now. Starting with
just two qubits achieved in the first experiment in the late
1990s, the powerful computer today is operated by Google,
which uses up to 72 qubits.
The range of quantum computers application is vast; the
one most important in the context of blockchain technology
is the capacity to run algorithms much faster than the
existing supercomputers. Among the widely discussed

24. 24
Precautions are better than cure
If a criminal is prepared with a functional quantum device,
he would be able to perform reverse calculations very
faster, which would allow them to forge signatures,
impersonate other users and gain access to digital assets.
The criminal could take over the process of updating the
record and manipulate transaction history.
The researchers advised that the architects of encrypted
systems should start taking precautions against this threat
almost immediately. Replacing conventional digital
signatures with quantum-resistant cryptography is one of
the solutions the researchers suggested. This type of
security measure is specially designed to endure an attack
from a suitably powerful quantum computer. Another
solution, the researches put forth would only be available
with the introduction of a quantum internet, which is yet to
be achieved in future years. This forthcoming wireless
communication architecture, based on a connection
between remote intertwined quantum particles, will unlock
a wealth of new blockchain models and designs.
Group of Researchers from the Russian Quantum Center
noted their observation in journal Nature— one possible
risk stems from the fact that blockchain security heavily
depends on one-way mathematical functions (the ones
which are easy to run but challenging to reverse calculate).
These functions are used in generating digital signatures
and validate transactions on the record.
Asymmetric cryptography uses multi-digit numbers as
public and private keys and hashes them into a set of
smaller numbers. The proficiency of this system centers on
the fact that the current computer is unable to find the prime
factors of these numbers and crack the algorithm. Shor's
theoretical algorithm is programmed in a way to find prime
factors by reducing the steps it takes, which threatens the
integrity of public and private keys. It is predicted that it
would take a normal computer
340,282,366,920,938,463,463,374,607,431,768,211,456
basic operations to find the private key linked to a public
key while it would take a quantum computer 2,097,152
calculations to crack the private key.
More on Shor's Algorithm
encryption techniques outdated.
presumed use cases the famous one is Shor's Algorithm for
factor decomposition, which could render many existing
To conclude, these are just the glimpse of both Blockchain
and quantum computing. According to experts, it may take
about five to ten years before quantum computers become a
threat to the blockchain. Other research predicts that it will
take 10,000 qubits to run Shor's Algorithm. Leading
companies like Microsoft, IBM and Google are racing to
achieve the 50 qubit computing capabilities. The most
powerful quantum computer currently is Canadin Firm;
DWave's quantum computer packs 512 qubits of quantum
computing but has a high rate of errors. It will take 20-30
years for quantum computing to achieve 4,000 qubits, with
a long way to go to achieve 10,000 qubits. We still have to
wait for quantum computers to be there up and operating.
Similarly, the developers need to work on Blockchain to
make it safer and away from hackers. Rather than debating
who's best, we must appreciate the updating systems and
take advantage of them.
Blockchain community still have time to upgrade their
system which is free from an attack from quantum
computing. The company is working on a private key. The
key generation process is very complicated and makes use
of complex equations. The other solution is to introduce
Private Blockchain. Private Blockchain requires permission
to join the network. The user must be invited to participate
and validate by the network. This will make the system
fool-proof and free from the attack of hackers.
Blockchain combined with quantum computing
The researchers Del Rajan and Matt Viser from the Victoria
University in New Zealand came up with an idea to
combine quantum computing with blockchain. They
suggested preceding the use of quantum cryptography and
leap straight to making blockchain a quantum-based system
itself. Their model showcases a blockchain-based on qubits
intertwined not just in space but also in real-time. The
attempt to altogether alter the record of transactions,
encoded by the history of a single particle's states over time,
would be impossible without destroying the particle
completely. However, manufacturing this model is
impossible until the quantum internet is introduced.
The solutions provided may be decades away, but a lot of
development in quantum computing and quantum
cryptography is happening right now. The views of the
experts differed on quantum computing being an immediate
threat to the blockchain.
24
RISE OF QUANTUN COMPUTING

26. 26

27. 27

30. 30

31. 31

32. 32
Advantages of
Server
Virtualization
Server virtualization is widely regarded as the “new
technology”. While it’s certainly not a new technology
by any means, server virtualization is a very mature
technology and has been around for more than 10 years.
Businesses who have embraced server virtualization
technology simply cannot live or survive without it. For
a small business, with tight budgets, growing
competition, and escalating operational costs, it becomes
extremely important to look at every direction for cost
savings. That’s where the true magic of server
virtualization happens.
Presently, this is a widely discussed topic among
thinkers, challengers, innovators, influencers, and
opportunity-makers in the business world who are
counting its numerous advantages. Overall, it is defined
as a technique that splits up one physical server into
several virtual servers and allows each one to function
independently. Therefore, it is the most adopted
here is a lot of confusion surrounding
Tvirtualization in the market. The term,
virtualization itself is massively overloaded. As
soon as it gained popularity and success in key areas,
every company left, right, and centre jumped on the
bandwagon saying they are virtualizing applications,
data, network, and storage. All these solutions provide
different advantages to a business. However, the most
interesting benefit that enterprises are considering to opt
for is server virtualization.
Server virtualization enables businesses
to significantly reduce the amount of
hardware that they use. It needs few
resources and less hardware. This
reduces the operational costs
enormously by enabling enterprises to
take all of their applications and
operating systems encapsulated in the
virtualized environment and lay
multiple instances of those systems on a
given piece of hardware. Virtualization
makes traditional complicated ways
simple that increases performance and
management control.
Ÿ Use of Few Resources & Less
Hardware
The features and advantages of server
virtualization are beyond the physical
world of servers. But there are 5 major
benefits of server virtualization that have
stood the test of time, well at least the past
10 plus years. Without further ado, let’s
take a look at the top 5 advantages of
server virtualization.
virtualization for the above stated clear
reasons.
ADVANTAGES OF SERVER VIRTUALIZATION

33. 33
Even if an enterprise is running in a
virtualized environment, threats can
still get in and out. This requires strong
actions to secure systems and cease the
incoming threats. When an
organization takes a virtualized system
and puts on a single set of hardware, all
of the security challenges that exist for
a physical server also exist for the
virtualized one. Therefore, an enterprise
may have to still worry about malware,
exploitation, and data leakage.
To reduce IT overhead costs while
having edge-equipments that need up
gradations, it may be time to explore
virtualization technology. By
virtualizing servers, a business
can reduce IT overhead cost
Essentially, enterprises working from a
centralized location and doing security
for a layered number of virtual
machines are ideal practices. It is so
because in theory, an enterprise can
eliminate threats at one go and can
streamline or schedule scanning without
having a single copy of virus data and
can optimize caching. All these when
combined provide much better security
at any moment.
Ÿ Efficient Cost Savings
Ÿ Reduced Security Concerns
Ÿ Reduced Data Center Footprint
Right now, what are most businesses
using? At the moment, they are running
on traditional data storage products in
those virtualized environments. It
means if an enterprise has
four virtualized servers
while improving overall structure
security. Virtualization reduces the
physical servers and reduces the
frequency stations that need to be
replaced. It also gives employees the
freedom to use their own devices
without compromising company’s
network security.
The technology built into virtualization
reduces operating expenses for
electricity, facility space, and IT labor.
Virtualization is efficient in decreasing
and maintaining time by 20 percent
spent by IT staff and hence reducing the
labor costs.

34. 34
Ÿ Whether it’s sensitive business information or other essentials, more data can be
moved to the virtualized environment. Statista shows that 615 exabytes are stored
combined in private and public cloud data centers, while only 155 exabytes in
traditional bulky storage system. In addition, the amount of data storage in
virtualized environments will exponentially increase in the next 3 years
Ÿ Elevated Business Efficiency & Productivity
Hardware has progressed tremendously over the last few years. For enterprises
that have very powerful hardware but are not using to it at its full capacity, developers
have found a way to utilize such hardware better by developing a unique hardware
set. Now a physical server can be divided into several dedicated virtual servers that
can act as host for many applications independently. These hosts are more flexible and
their usage is based on the company’s need, allowing them to pay for only what they
use. It also becomes more reliable than physical servers which increase business
efficiency and productivity.
Virtualizing servers is the next logical step for any organization looking to
minimize IT related costs and risks. Whether it’s a 10-person small office, education
computer lab, healthcare provider, distribution facility, or a global enterprise, every
organization should be interested in going green with virtualization to keep more
green in their pocket.
on a system, it needs four different storage components on each separate virtualized
system. It sounds as it would take a whole lot of space.
ADVANTAGES OF SERVER VIRTUALIZATION

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