A Review on the Advances, Applications, and Future Prospects of Post-Quantum Cryptography in Blockchain and IoT
Yong Wang, Eddie Shahril Ismail
Abstract
As quantum computing advances, classical public-key cryptosystems face escalating risks, driving global standardization efforts by NIST, ETSI, and ISO. This paper provides a comprehensive review of recent developments in post-quantum cryptography (PQC), focusing on lattice-based, hash-based, and multivariate approaches. We examine their security foundations, implementation challenges, and applicability across domains such as finance, blockchain, and the Internet of Things (IoT). A core contribution is the proposed Hybrid Cryptographic Framework (HCF), which combines classical and quantum-resistant primitives to enable a secure and interoperable migration path. The framework integrates hybrid key exchange, dual-signature schemes, and PQC-compatible Merkle trees, and is supported by a discrete multi-objective optimization model for selecting algorithms under real-world constraints. The paper also discusses deployment challenges, including hardware acceleration, side-channel resistance, and legacy compatibility. Real-world case studies illustrate how leading institutions are piloting PQC integration in practice. Finally, we propose a strategic roadmap for PQC adoption, incorporating adaptive triggers based on quantum capabilities and evolving threat models. By aligning cryptographic design with international standards and practical system requirements, this work offers guidance for building resilient, quantum-safe infrastructures.