In a recent press release shared with , it was announced that QANplatform’s technology has been adopted by the first European country. This technology is specifically designed to protect government-owned cybersecurity infrastructure from potential quantum computing attacks. By utilizing a quantum-resistant blockchain, developers can build smart contracts and applications that are immune to quantum attacks. The name of the adopting country has not been disclosed due to concerns regarding national security. The integration of QAN’s technology will play a crucial role in the country’s post-quantum cybersecurity strategy and will help secure its operations.
The importance of post-quantum security has increased significantly since the launch of IBM Condor, the second-largest quantum processor, in December 2023. With 1,121 qubits, this processor highlighted the potential threat that quantum computers pose. In response, the European Commission initiated the Quantum Flagship in 2018, a research initiative with a budget of at least €1 billion and a duration of 10 years. This initiative aims to address the challenges posed by quantum computing and develop solutions to protect against potential attacks.
Large companies like Apple are also preparing for a post-quantum future. In February, Apple introduced an update to its iMessages that incorporates post-quantum cryptography, making it one of the first providers in this space. Signal, another messaging platform, launched a “quantum-resistant” encryption upgrade in September 2023, but Apple claims to have achieved a higher level of encryption. Although current messaging encryption models are still considered secure, the advancement of quantum computers will eventually make them vulnerable. As a result, staying ahead of the curve in terms of cybersecurity protocols is crucial.
Johann Polecsak, the co-founder and CTO of QANplatform, emphasizes the importance of being proactive in the face of quantum computing advancements. He believes that it is only a matter of time before quantum computers can break today’s security algorithms. To address this threat, QANplatform has developed its technology to be immune against quantum computer attacks. According to Polecsak, being proactive is essential in the era of “Store now, decrypt later” and ensures that cybersecurity remains effective.
QANplatform recently secured a $15 million investment from MBK Holding in December 2023. This investment will be used to further enhance the company’s quantum-resistant technology stack. As the threat of quantum computing continues to grow, it is crucial for organizations to invest in and develop solutions that can withstand these attacks. By adopting technologies like QANplatform’s, countries and companies can bolster their cybersecurity defenses and stay ahead of the quantum computing curve.
Johann Polecsak’s focus on proactive measures against quantum computing threats is spot on. QANplatform’s technology is a promising solution to protect against potential security breaches.
I highly doubt that QANplatform’s $15 million investment will make any significant difference in the face of quantum computing threats