QANplatform’s quantum-resistant tech makes its way into the EU

QANplatform (QANX), a quantum-resistant Layer 1 hybrid blockchain, announced that an EU nation is deploying its quantum-resistant technology within the public sector for the first time, according to the information shared with Finbold on March 14.

The technology fortifies and protects government-owned cybersecurity infrastructure against the threat of quantum computing attacks.

While the specific details in regard to which EU nation adopted QANplatform’s solutions and why remain undisclosed for national security reasons, the development of quantum-resistant technology marks a significant stride towards safeguarding critical infrastructure in the face of evolving threats.

Post-quantum cybersecurity solutions

The adoption was announced in Zug, Switzerland, with Johann Polecsak, QANplatform co-founder and CTO, and Patrick Storchenegger, CEO of QAN’s Intellectual Property (IP) holding company, present.

The two are spearheading the development and implementation of post-quantum cybersecurity (PQC) solutions, leveraging QAN’s post-quantum features.

The efforts are in alignment with the quantum-resistant recommendations set forth by the US National Institute of Standards and Technology (NIST) and involve the integration of PQC solutions into enterprise software aimed at bolstering cybersecurity defenses.

Storchenegger expressed pride in the integration of QAN’s technology, emphasizing its role as a post-quantum cybersecurity layer:

WP feature quote: “We are proud of the successful integration of QAN’s unique technology by our partner, now utilized as a key component in its software as a post-quantum cybersecurity layer. This will enhance the country’s strategic advantage in navigating the quantum leap by securing its operations.”

— Patrick Storchenegger, CEO of QAN’s Intellectual Property (IP) holding company,

Staying ahead of the cybersecurity curve

Polecsak emphasized the importance of cybersecurity in an era characterized by “Store now, decrypt later” (SNDL) threats:

Wp feature quote: “We must always be ahead of the curve when it comes to cybersecurity, especially in the era of ‘Store now, decrypt later.’ It is only a matter of time until quantum computers can break today’s security algorithms. Recognizing this, we have built QANplatform from ground up to be immune against quantum computer attacks.”

— Johann Polecsak, QANplatform co-founder and CTO

The rapid advancement of quantum computing

The rise of quantum computing, epitomized by IBM’s Condor and its 1000+ qubit capacity, has spurred global cybersecurity fortification.

See also  This New Tech Will Transform Crypto in 2024

The US White House has outlined post-quantum cybersecurity as a pivotal component of its National Cybersecurity Strategy, with NATO and the World Economic Forum unveiling strategies to brace for the quantum era.

With global competition in quantum technology intensifying, the EU is keen to maintain its competitive edge.

Initiatives like the Quantum Technologies Flagship, backed by a budget of €1 billion (~$1.09 billion), highlight the urgency of developing robust cybersecurity countermeasures.

As the quantum technology race unfolds, it becomes imperative for the public sector to address security challenges.

Source link