First EU country to implement Chainwire’s quantum-resistant technology from QANplatform

Zug, Switzerland, March 14, 2024, Chainwire

QANplatform has announced that its quantum resistant technology will be used in the public sector by an EU country for the first time. QANplatform’s technology protects government cybersecurity infrastructure from quantum computer 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 develop and implement post-quantum cybersecurity (PQC) solutions based on the post-quantum functionality of the QAN blockchain platform. It complies with the quantum resistant recommendations of NIST (US National Institute of Standards and Technology). The partners implement these PQC solutions in business software.

Image: Patrick Storchenegger and Johann Polecsak Please download the images from SOURCE for better quality

Patrick Storchenegger said: “We are proud of our partner’s successful integration of QAN’s unique technology, which is now used as a key component in its software as a post-quantum cybersecurity layer.” This will give the country a strategic advantage in tackling the quantum leap by securing its operations.”

Johann Polecsak added: “We need to stay one step ahead in cybersecurity, especially in the age of ‘save now, decrypt later.'” It’s only a matter of time before quantum computers can crack today’s security algorithms. That’s why we built the QAN platform from the ground up to be immune to attacks on quantum computers.”

Store Now, Decrypt Later (SNDL), also known as Harvest Now, Decrypt Later (HNDL), is a cybersecurity threat in which attackers collect encrypted data to later decrypt it using more powerful computing methods such as quantum computers.

The past year has seen a dramatic improvement in quantum computing capabilities, marked by IBM (NYSE:)’s Condor, the performance machine with over 1000 qubits. The US White House has released its national cybersecurity strategy, highlighting post-quantum cybersecurity as a key pillar. In January 2024, NATO and the World Economic Forum also published strategies to prepare for the quantum age.

The EU is keen not to fall behind in the quantum race with its global competitors. To meet this challenge, the Quantum (NASDAQ:) Technologies flagship was launched in 2018 with a budget of 1 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 press release cannot be disclosed, nor can specific details about the exact use case.

About QANplatform:

QANplatform is the quantum-resistant hybrid blockchain platform that enables developers and companies to build quantum-resistant smart contracts and Web3 solutions on the QAN blockchain platform in any programming language. Alpine Esports, a group Renault (EPA:) and in the Formula 1 Esports series, among others, QANplatform has signed as an official blockchain partner. QANplatform was selected for the EY (Ernst & Young) Global Startup Academy 2023 program and supported by MBK Holding from Qatar.

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ContactYevgenia KIM[email protected]

This article was originally published on Chainwire