First EU country implements QANplatform's quantum-resistant technology
Zug, Switzerland, March 14, 2024, Chainwire
QANplatform has announced that its quantum-resistant technology is being used for the first time by an EU country in the public sector. QANplatform's technology protects government-owned cybersecurity infrastructure against quantum computing attacks.
The announcement was made in Zug, Switzerland, with Johann Polecsak, co-founder and CTO of QANplatform and the QAN intellectual property (IP) holding company, led by CEO Patrick Storchenegger. The partners are developing and implementing post-quantum cybersecurity (PQC) solutions based on the post-quantum function of the QAN blockchain platform. Aligns with NIST (US National Institute of Standards and Technology) quantum resistance recommendations. Partners are implementing these PQC solutions in enterprise software.
Image: Patrick Storchenegger and Johann PolecsakDownload images from SOURCE for better quality
Patrick Storchenegger said: “We are proud of our partner's successful integration of unique QAN technology, which is now used as a key component in their software as a post-quantum cybersecurity layer. This will improve the country's strategic advantage when facing the quantum leap by securing its operations.”
Johann Polecsak added: “We must always be at the forefront of cybersecurity, especially in the 'Store now, decrypt later' era. It's only a matter of time until quantum computers can break current security algorithms. Recognizing this, we have built QANplatform from the ground up to be immune to quantum computing attacks.”
Store Now, Decrypt Later (SNDL), also known as Harvest Now, Decrypt Later (HNDL), is a cybersecurity threat that involves attackers collecting encrypted data with the intention of decrypting it later using more powerful computing methods, such as computers quantum.
Last year saw a dramatic improvement in the capabilities of quantum computing, marked by IBM (NYSE:)'s Condor, the 1000+ qubit energy machine. The US White House has published its National Cybersecurity Strategy, emphasizing post-quantum cybersecurity as a key pillar, and in January 2024, NATO and the World Economic Forum also published strategies to prepare for the quantum era.
The EU is eager not to be left behind in the quantum race against its global competitors. To address this challenge, the flagship Quantum technologies (NASDAQ 🙂) was launched in 2018 with a budget of one billion euros. The race between quantum technology and the development of cybersecurity countermeasures has made it imperative for the public sector to take proactive measures. to address these security challenges.
Note: For national security reasons, the name of the EU country described in this release cannot be revealed, nor specific details about the exact use case.
About QAN Platform:
QANplatform is the hybrid quantum-resistant blockchain platform that enables developers and enterprises to build smart contracts and quantum-resistant web3 solutions on top of the QAN blockchain platform in any programming language. Alpine Esports, a group renault (EPA:) and among other things in the Formula 1 Esports Series, they signed QANplatform as their official Blockchain partner. QANplatform was selected for EY (Ernst & Young)'s Global Startup Academy 2023 program and is supported by Qatar's MBK Holding.
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This article was originally published on Chainwire.
