Encryption via Entangled states belonging to Mutually Unbiased Bases

We consider particular entanglement of two particles whose state vectors are in bases that are mutually unbiased (MUB), i.e. "that exhibit maximum degree of incompatibility" (J.Schwinger,Nat. Ac. Sci. (USA), 1960)). We use this link between entanglement and MUB to outline a protocol for secure key distribution among the parties that share these entangled states. The analysis leads to an association of entangled states and states in an MUB set: both carry the same labels.