QANplatform’s cutting-edge technology, designed to safeguard government-owned cybersecurity infrastructure from quantum computing attacks, has been embraced by a European nation, as revealed in a press release on March 14 shared with Cointelegraph.
This quantum-resistant blockchain technology empowers developers to construct smart contracts and applications that are impervious to quantum attacks. However, the identity of the adopting country has been withheld for national security reasons.
Patrick Storchenegger, the CEO of QAN’s Intellectual Property holding company, emphasized that the integration of the QAN stack will serve as a crucial element in the nation’s post-quantum cybersecurity framework.
The significance of post-quantum security has escalated since the launch of IBM Condor, the second-largest quantum processor with 1,121 qubits, in December 2023.
Recognizing the imminent threat posed by quantum computers, the European Commission initiated the Quantum Flagship research initiative in 2018. With a budget of at least €1 billion and a duration of 10 years, this initiative aims to advance quantum-related research.
Major corporations are also preparing for a post-quantum era. In February, Apple introduced an update to fortify iMessages with post-quantum cryptography, positioning itself as the pioneer among a select few providers of quantum-proof messaging. While Signal had previously launched a “quantum-resistant” encryption upgrade in September 2023, Apple claims to have achieved “level 3” encryption first.
Although breaking current messaging encryption models remains impractical due to the substantial time and computing power required, the progress of quantum computers will eventually render it feasible.
Johann Polecsak, the co-founder and CTO of QANplatform, stressed the importance of cybersecurity protocols keeping pace with advancements in quantum computing.
In December 2023, QANplatform secured a $15 million investment from MBK Holding, which will be utilized to enhance its quantum-resistant technology stack.
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