European Nation Embraces QANplatform's Quantum-Resistant Technology Amid Cybersecurity Concerns
Summary:
QANplatform's quantum-resistant technology has been adopted by an undisclosed European country to safeguard its government-run cybersecurity infrastructure from potential quantum computing attacks. The move comes as part of a larger trend of growing interest and investment in post-quantum security. Tech giants like Apple have also begun to implement quantum-proof measures in their services. QANplatform plans to further develop its tech stack, having secured a $15 million investment from MBK Holding in December 2023.
QANplatform's quantum-proof technology has been enlisted by the first country in Europe, as stated in a press release on March 14 provided to Cointelegraph. This technology is utilized to ward off potential quantum computing assaults on state-run cybersecurity networks. The quantum-proofing aspect of the blockchain ensures that applications and smart contracts built by developers are secure from quantum attacks. The name of the country that has adopted the technology couldn't be revealed due to matters of national safety.
The incorporation of QAN's stack into the country's systems is set to be a key element in its post-quantum cybersecurity layer, said Patrick Storchenegger, CEO of the QAN Intellectual property holding company. He added that this will help fortify the country’s tactical vantage point as it navigates the challenges posed by quantum computing.
There has been growing interest in post-quantum security since December 2023, following the launching of the IBM Condor, the second largest quantum processor with 1,121 qubits. Seeing the looming threat of quantum computers, the European Commission initiated the Quantum Flagship in 2018, a 10-year long research project funded with no less than €1 billion.
Big corporations are also gearing up for life in the post-quantum era. Apple unveiled an update in February that aims to secure iMessages for the future with post-quantum cryptography, making Apple the first of few quantum-proof messaging providers. Signal introduced an encryption upgrade said to be "quantum-resistant" in September 2023, but Apple claims it's the first to achieve the "level 3" encryption standard.
Although it's highly debatable whether current encryption models can be broken under the strain of quantum computing due to the considerable amount of time and processing power required, many believe that the ongoing development of quantum computers will eventually enable this.
Johann Polecsak, co-founder and CTO of QANplatform, emphasized the importance of cybersecurity measures staying abreast with the growing capabilities of quantum computing. He stated that "We need to stay ahead of the game in terms of cybersecurity, especially in this age of ‘Store now, decrypt later.' It's inevitable that quantum computers will eventually crack today's security algorithms. Acknowledging this, we've built the QANplatform from scratch to be impervious to quantum computer attacks.”
QANplatform managed to secure an investment of $15 million from MBK Holding in December 2023, with plans to further develop its quantum-resistant tech stack.
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Published At
3/14/2024 7:00:00 PM
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