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1. Decrypting Crypto: Cryptocurrencies and the Quantum Computer Threat

Author:
Arthur Herman and Daley Pagano
Publication Date:
04-2022
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
Cryptocurrencies are increasingly embedded in the global financial and economic mainstream. One reason is that its security encryption, distributed ledger technology, or blockchain, is largely impervious to conventional cyber-attack or theft. However, thanks to Shor’s algorithm, cryptocurrencies will be exceptionally vulnerable to a future quantum computing attack. What makes crypto vulnerable to Shor’s algorithm is elliptic-curve cryptography, which applies to all distributed ledger technology. Based on our research, the overall cost of a major hack and devaluation of Bitcoin alone would equal $3 trillion plus. Fortunately, solutions already exist: post-quantum cryptography and quantum computing. Cryptocurrencies are here to stay. However, supporting crypto security with post-quantum cryptography or quantum cryptography will enable cryptocurrencies to remain a mainstay of the global financial system for many decades to come.
Topic:
Science and Technology, Innovation, Cryptocurrencies, Information Technology, and Quantum Computers
Political Geography:
Global Focus

2. Filtering and Site Blocking: Necessary Reforms for the Digital Marketplace

Author:
Steven Tepp
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
Hudson Institute
Abstract:
Business models and technology have changed dramatically since the 1990s; nowhere more so than online. Those changes, alongside some key judicial decisions, have distorted the operation of the US copyright law provision specifically designed to address online copyright infringement. Today, even a platform that knows that 80 percent of what it hosts are unlicensed copyrighted works, it can be shielded from accountability by the safe harbors in the Copyright Act. Copyright owners are left to send millions of takedown requests with little actual effect on piracy. This, along with other factors, led the US Copyright Office to conclude that the cooperative environment the law was meant to create has not and will not be realized without amending the law. And while dozens of other countries have successfully adopted measures to address online infringement from beyond their borders, the United States has not acted to implement similar procedures.
Topic:
Intellectual Property/Copyright, Law, Reform, and Criminal Justice
Political Geography:
Global Focus

3. The Value of Cellular Technology

Author:
Urška Petrovčič and Kirti Gupta
Publication Date:
10-2021
Content Type:
Policy Brief
Institution:
Hudson Institute
Abstract:
Cellular technologies, such as those embodied in the third generation (3G), fourth generation (4G), and fifth generation (5G) of cellular standards, have provided the foundation for a thriving mobile ecosystem that has benefited consumers and businesses all over the world. In the past 20 years, the number of mobile connections has grown almost 10-fold, reaching an ever-growing percentage of the global population. In 2017, the number of mobile connections surpassed the number of people on the planet. In 2019, mobile technologies and services added $4.8 trillion of economic value to the global economy, and the mobile ecosystem employed (directly and indirectly) 30 million people. Although cellular technology has already transformed all facets of our society, the deployment of 5G will bring even broader and more radical changes. By connecting everything and everywhere, 5G will help us realize the full potential of connectivity and usher in the era of smart transportation, smart cities, smart factories, and smart homes. The new products and services enabled by 5G will change all aspects of our daily life, such as health care, energy, agriculture, automotive, manufacturing, and retail, among others. This will not only benefit consumers and businesses, but society as a whole. Cellular technologies are central to this revolution. Without advances in the cellular space, none of the economic and societal benefits we see in the connected world would be possible. Therefore, it is important to understand how cellular technologies are developed and deployed, and what impact they have on the economy and on society more broadly. It is also important to understand why fairly compensating cellular innovators is essential to maintain a sustainable system where new technologies can be developed and brought to consumers.
Topic:
Science and Technology, Intellectual Property/Copyright, Law, Criminal Justice, and 5G
Political Geography:
Global Focus

4. How IP Rights Keep Markets Free

Author:
Jonathan M. Barnett
Publication Date:
06-2021
Content Type:
Policy Brief
Institution:
Hudson Institute
Abstract:
It is elementary that secure protection of property rights is a necessary precondition for efficient markets that drive economic growth. Yet this principle is not always recognized in the case of markets for intangible goods. Rather, intellectual property rights are often characterized as a monopoly franchise that stands at odds with free-market competition. Following this view, IP rights at best provide a justifiable means to incentivize innovation but are prone to abuse by incumbents seeking to block entrants. This standard narrative overlooks an inconvenient fact. As I show in a new book, Innovators, Firms, and Markets: The Organizational Logic of Intellectual Property, incumbents and other large firms in US technology markets have regularly advocated against stronger forms of patent protection and, in certain industries, have resisted patent protection entirely. This lobbying strategy poses a puzzle: Why would dominant firms resist the opportunity to operate under the umbrella of a legal monopoly? This policy memo analyzes the counterintuitive IP policy preferences of large technology firms and, in resolving this apparent anomaly, shows that patents tend to enhance competitive intensity by enabling idea-rich but capital-poor innovators to challenge idea-poor but capital-rich incumbents. Contrary to widespread assumptions, IP rights are far closer to the familiar property rights that support tangible goods markets rather than the monopoly grant to which they are often (and misleadingly) analogized. These insights, which are based on over a century’s worth of US innovation history, raise significant concerns about the IP-skeptical trajectory that policymakers have pursued since the mid-2000s.
Topic:
Markets, Intellectual Property/Copyright, Law, and Criminal Justice
Political Geography:
Global Focus

5. Countering Global Kleptocracy: A New US Strategy for Fighting Authoritarian Corruption

Author:
Nate Sibley and Ben Judah
Publication Date:
01-2021
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
In the most comprehensive kleptocracy policy study yet published, Nate Sibley and Ben Judah examine the pervasive threat to democracy, prosperity and security posed by globalized corruption and offer 70 recommendations for US policymakers.
Topic:
Corruption, Authoritarianism, Criminal Justice, and Kleptocracy
Political Geography:
North America, Global Focus, and United States of America

6. Implementing Decision-Centric Warfare: Elevating Command and Control to Gain an Optionality Advantage

Author:
Bryan Clark, Dan Patt, and Timothy A. Walton
Publication Date:
03-2021
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
Since the Cold War ended, the US Department of Defense (DoD) has developed doctrine and capabilities predominantly for the most stressing campaigns it could face against opponents such as the People’s Republic of China (PRC), Russia, and North Korea. These worst-case scenarios are intended to ensure US forces can address “lesser-included” cases as well. This approach, however, favors concepts and systems designed for large-scale, high-intensity military conflict, and intelligent US adversaries are unlikely to present US forces with confrontations where DoD could leverage its strengths in missions such as power projection or precision strike. America’s rivals have evolved approaches during the past decade to circumvent US military strengths, such as PRC and Russian gray-zone or hybrid operations, that obtain objectives at lower cost and escalation—albeit over longer timeframes—than traditional military combat. DoD should therefore revise its planning to raise the priority of new scenarios that stress the US military in different ways than theater-wide high-intensity combat such as through protraction, varying levels of escalation and scale, and the use of proxy and paramilitary forces. The People’s Liberation Army (PLA) concept of System Destruction Warfare and the Russian military’s New Generation Warfare are representative of the new approaches being employed against the United States and its allies. Although they are very different in their theory of victory and methodology, both concepts share a focus on information and decision-making as the main battlegrounds for future conflict. They direct attacks on an opponent’s battle network electronically and physically to degrade its ability to obtain accurate information while introducing false information that erodes the opponent’s ability to orient. Simultaneously, military and paramilitary forces would present dilemmas to the opponent by isolating or attacking targets in a manner that neutralized their combat potential and controlled the escalation of a conflict.
Topic:
Defense Policy, National Security, Science and Technology, and Military Affairs
Political Geography:
Global Focus and United States of America

7. A Legal Analysis of Making Copyrighted Works Available Online During the Coronavirus Crisis

Author:
Steven Tepp
Publication Date:
08-2020
Content Type:
Working Paper
Institution:
Hudson Institute
Abstract:
The Internet Archive (“IA”) began operation in 1996, at first making archival copies of websites, but soon offering those to the public and then expanding to other copyrighted works including books, sound recordings, audiovisual works, graphic arts (still images), and software, without regard to their copyright status and generally without licenses. It positions itself as an online version of a library and has offered free access to the materials it copies, albeit limiting users to one-for-one use of its copies: one copy may only be used by one account at a time.2 At the time of this writing, efforts to limit the spread of the coronavirus have resulted in “stay at home” orders in over forty states, covering more than ninety percent of the U.S. population.3 Similarly, educational institutions at all levels have closed their physical spaces and are trying to carry on via distance education. For many, including this author, the current situation was unimaginable only a couple of months ago. By any measure, this is an extreme set of circumstances.
Topic:
Intellectual Property/Copyright, Internet, Criminal Justice, and Coronavirus
Political Geography:
Global Focus

8. The Executive’s Guide to Quantum Cryptography: Security in a Post-Quantum World

Author:
Arthur Herman
Publication Date:
05-2020
Content Type:
Working Paper
Institution:
Hudson Institute
Abstract:
This guidebook answers key questions about how quantum technology itself, in the form of quantum random-number generators (QRNG) and quantum-key distribution (QKD), can provide secure solutions for addressing the quantum computer threat. After explaining how QRNG and QKD work, the guidebook recommends that executives combine these quantum cryptographic solutions with other software-based, quantum-resistant applications that can deter future quantum computer attacks. Finally, the guide shows how quantum science will determine the future of communication technology by making it safe, secure, and ready for the twenty-first century.
Topic:
Security, Science and Technology, Business, and Quantum Computers
Political Geography:
Global Focus

9. Consumer Sovereignty and the Role of Government Intervention

Author:
Harold Furchtgott-Roth and Kirk R. Arner
Publication Date:
06-2020
Content Type:
Working Paper
Institution:
Hudson Institute
Abstract:
American businesses and consumers have an unequal relationship. Consumers generally are and should be sovereign because a consumer—not a seller, nor a third party, nor even the government—usually decides what to purchase. Consumers must like a business to buy its product or service. If a business has poor service, sales will suffer. And if a business is tainted by scandal, customers will flee. As courtiers of purchasing power, businesses go on bended knee to pay homage to the consumer. Typically, a business need not like a consumer to sell products or services. In most lines of business, a seller must sell to anyone willing to pay. And although there are types of businesses where a seller can legally refuse a sale, most rational sellers seek as many customers as possible.
Topic:
Economics, Government, Sovereignty, and Regulation
Political Geography:
Global Focus

10. Catalyzing Consensus around Global Commitments

Author:
Rebeccah L. Heinrichs
Publication Date:
11-2020
Content Type:
Special Report
Institution:
Hudson Institute
Abstract:
An international consensus to meet contemporary challenges will develop primarily around defending against shared threats. If the United States is to turn this consensus into collaboration to strengthen security, it must stake out a clear vision of its primary threats and missions. As has become evident over the last few years, doing so will necessarily require adaptations to ally dynamics and disruptions to some international organizations, treaties, and agreements. These changes should not reflexively cause concern that the United States is “withdrawing from the world stage” or has “abandoned its leadership role”; rather, these disruptions are necessary to recalibrate international efforts to rise to contemporary challenges. As part of the US initiative to build consensus, Washington should be especially sensitive to and supportive of those allied and partner efforts already underway that align with US security priorities. It should seek to maximize their effectiveness, in turn providing an incentive for other nations to do the same.
Topic:
International Relations, Security, International Organization, and Alliance
Political Geography:
Global Focus and United States of America