QANplatform

QANplatform is proud to announce its partnership with IBM as an official IBM Business Partner. 🎉 We are introducing QAN Q-Cluster, a tamper-proof and self-auditing system that utilizes AI for log anomaly detection and incorporates quantum-resistant blockchain technology for provable durability and persistence. Read more on our blog: https://lnkd.in/dPfwTXjf

🎉 C# SDK Released for the QAN TestNet! We’re excited to launch our 5th SDK, joining JavaScript, Python, Go, and Java. The new C# SDK lets developers interact with QAN TestNet via API calls. Get started with the C# SDK here: https://lnkd.in/dPrZWskp

🚀 #QANplatform is thrilled to announce its partnership with Cointelegraph Accelerator. Together, we're set to drive innovation and growth in the blockchain space. Read more on our blog 👇 https://lnkd.in/dX7pRaCw

#QANplatform is proud to announce its membership in The Linux Foundation Foundation and its participation in the Linux Foundation’s Post-Quantum Cryptography Alliance (PQCA) project. For more information, read our blog: https://lnkd.in/gExtCNDU

Exciting news! 🎉 The post-quantum signature algorithm QANplatform has been using since the beginning was selected as one of the three finalized PQC standards by NIST today! We are really proud that QAN not only identified but also implemented the post-quantum algorithm (CRYSTALS-Dilithium) in its #blockchain platform way before NIST had chosen it. https://lnkd.in/gRUrYXSq What did NIST announced on August 13, 2024? NIST announced the first 3 quantum-resistant cryptographic algorithms which can withstand the attack of quantum computers that could potentially crack the security used to protect privacy in the digital systems we rely on every day. NIST's post-quantum cryptographic standards will play a key role in the next generation of our online cybersecurity: the post-quantum era. Why do we need new cybersecurity standards? Today's cryptographic algorithms (RSA, EC) used by the whole internet – including governments, banks, email providers, social media sites, blockchain platforms, etc. – will be cracked by quantum computers. Everyone needs to switch to post-quantum security. Do we need to worry today? Quantum computers are a threat even today, because hackers can steal data today and decrypt it later when quantum computers with enough power (qubits) arrive. This method is called "Store now, decrypt later". How far are quantum computers? We are already having the wrong conversation in cryptography if we argue about whether we have 1, 3,or 5 years before quantum computers will break today's security algorithms. We must always be ahead of the curve when it comes to cybersecurity. How can we switch to quantum-resistant security? Centralized authorities like governments, companies can switch their IT security to post-quantum cryptography much easier than blockchain platforms. Why is the blockchain technology the most affected by the quantum computing threat? One of the most important points people forget is that blockchains are decentralized by design. Already running public blockchains can not switch to post-quantum cryptography without massive sacrifices severely impacting users. This threat affects blockchain technology as follows: all cryptocurrency wallets relying on Elliptic Curve (EC) cryptography which have at least one outgoing transaction will break. In short: hackers will be able to steal your cryptocurrency. How can QANplatform be quantum-resistant? QAN implemented a Lattice-based quantum-resistant algorithm called CRYSTALS-Dilithium in Go programming language in its security layer. It is already developed an exists in the QAN Enterprise Blockchain and in the QAN TestNet trough QAN XLINK protocol and will be used also in the QAN Public Blockchain. Did you know? First EU country already implemented QAN’s quantum-resistant technology. It protects government-owned cybersecurity infrastructure against quantum computing attacks.

Ignoring quantum threats in #CBDC design is reckless according to Cointelegraph. The real threat lies in #QuantumComputing vulnerabilities. 🔵 The author suggests that instead of worrying about the potential for such digital currencies to become tools of state surveillance, the primary concern should be ensuring that the technical infrastructure of CBDCs is secure and not vulnerable to infiltration and exploitation by adversaries. 🔵 A CBDC in the U.S. is said to be a plausible future development, and there is growing interest among central banks and financial institutions worldwide. 🔵 They suggest that the country's economic security and financial privacy are at risk of foreign interference if post-quantum technology does not support the future of their monetary system. 🔵 The article also highlights that two (Massachusetts Institute of Technology’s Digital Currency Initiative, The Digital Dollar Project) of the very few U.S. CBDC pilots to date have been built using distributed ledger technology and custom, high-performance blockchain architectures, both of which rely on public key cryptography and that the problem is that this type of cryptography relies on algorithms that are vulnerable to quantum computing attacks. 🔵 It also emphasizes that despite the establishment of the National Quantum Initiative Act in 2018 and the "Quantum Readiness" roadmap in 2023, there is no indication that post-quantum research and development is being specifically directed toward the design of central bank digital currencies. 🔵 You can read the article here: https://lnkd.in/enuG7yZu 🔵To be prepared for potential attacks, using a post-quantum cryptographic algorithm is of the highest importance for governments, organizations, companies and networks, including blockchain. 🔵The #QANplatform hybrid blockchain uses the CRYSTALS-Dilithium, the NIST-recommended primary post-quantum algorithm, and has launched the world’s first private blockchain that is quantum-resistant, EVM compatible, and enables coding smart contracts in any programming language. 🔵QAN's quantum-resistant technology is already being used by an EU country in the public sector. QAN’s technology protects government-owned cybersecurity infrastructure against quantum computing attacks. 🔵Join the Web3 revolution, test the QAN TestNet: https://lnkd.in/e8VXX74E

Quantinuum, the world’s largest integrated quantum company, and JPMorgan Chase have accomplished a 100x enhancement over the current industry benchmark using Quantinuum’s H2-1 quantum computer. 🔵Quantinuum unveiled the first quantum computer with 56 trapped-ion qubits. 🔵The new H2-1 quantum computer boasts enhanced market-leading fidelity, making it impossible for classical computers to fully simulate. 🔵A team from Quantinuum and JPMorgan Chase ran a Random Circuit Sampling (RCS) algorithm, achieving a 100-fold improvement over Google's 2019 results. 🔵This set a new world record for the cross-entropy benchmark. 🔵The H2-1's scale and hardware fidelity surpass current supercomputers and other quantum architectures. 🔵Quantinuum focuses on the quality of qubits over their quantity, advancing possibilities in quantum computing. 🔵The H2-1 quantum computer reduces power consumption by 30,000 times compared to classical supercomputers. 🔵This advancement enhances quantum algorithms for various industrial applications, with a particular focus on financial use cases. It accelerates research capabilities for clients like JPMorgan Chase. 🔵“Our focus on quality of qubits versus quantity of qubits is changing what’s possible, and bringing us closer to the long-awaited commercialization of quantum’s applications across industries like finance, logistics, transportation and chemistry.” said Rajeeb Hazra, CEO of Quantinuum. 🔵Earlier this year, in collaboration with Microsoft, Quantinuum ’s H2-1 was declared the first – and so far the only – quantum computer capable of achieving Level 2 Resilient quantum computing. 🔵As this new breakthrough also shows, the development of quantum computing is rapidly accelerating, with significant advancements being made on a regular basis. 🔵To be prepared for potential attacks, using a post-quantum cryptographic algorithm is of the highest importance for all organizations, companies and networks, including blockchain. 🔵The QANplatform hybrid blockchain uses the CRYSTALS-Dilithium, the NIST-recommended primary post-quantum algorithm, and has launched the world’s first private blockchain that is quantum-resistant, EVM compatible, and enables coding smart contracts in any programming language. 🔵QAN's quantum-resistant technology is already being used by an EU country in the public sector. QAN’s technology protects government-owned cybersecurity infrastructure against quantum computing attacks. 🔵Join the Web3 revolution, test the recently released QAN TestNet: https://lnkd.in/e8VXX74E

The World Economic Forum recently published an article on protecting central bank digital currency systems in the post-quantum computing age. 🔵According to the article, Central Bank Digital Currency (CBDC) systems, which aim to improve cross-border payments, expose key transaction data to the risk of quantum attacks. 🔵It says that central banks must embed cryptographic agility into CBDC systems to defend against quantum cyberattacks targeting payment infrastructure. 🔵The emphasis on developing quantum-resistant systems in the era of CBDCs is critical, as more than 98% of central banks are exploring CBDCs to improve financial inclusion and payment efficiency. 🔵Quantum computers, using qubits, can solve complex problems better than classical supercomputers but can also be used by bad actors to break public key encryption mechanisms. 🔵A quantum attack on financial systems could result in significant economic damages, including declines in GDP and triggering recessions. 🔵"A 2021 study by the Hudson Institute demonstrated that a theoretical quantum attack on the US real-time gross settlement (RTGS) system (“Fedwire Funds Service”) could result in a 10-17% decline in real GDP following the attack, which could then trigger a six-month recession and trillions in indirect losses." 🔵The WEF suggests that central banks and financial institutions should adopt quantum-resistant strategies when designing and building CBDC systems, including performing quantum security risk analysis, cataloging cryptographic mechanisms in a system, imposing strict cyber-resilience measures, embedding secure practices in the software development lifecycle, ensuring data redundancy with quantum-safe key management. 🔵To be prepared for potential attacks, using a post-quantum cryptographic algorithm is of the highest importance for all organizations, companies and networks, including blockchain. 🔵The QANplatform hybrid blockchain uses the CRYSTALS-Dilithium, the NIST-recommended primary post-quantum algorithm, and has launched the world’s first private blockchain that is quantum-resistant, EVM compatible, and enables coding smart contracts in any programming language. 🔵QAN's quantum-resistant technology is already being used by an EU country in the public sector. QAN’s technology protects government-owned cybersecurity infrastructure against quantum computing attacks. 🔵Join the Web3 revolution, test the recently released QAN TestNet: https://lnkd.in/e8VXX74E

Johann Polecsak Co-Founder and CTO of #QANplatform answered Cointelegraph: "Blockchain alone is not a silver bullet against all kinds of cyberattacks. It could help increase security in specific fields. If implemented well, it can effectively narrow down the point of failure to key-management issues, which, in turn, can be effectively mitigated using hardware-based signing tools. However, to build a truly future-proof system, it is unquestionably important to choose a blockchain designed to withstand quantum computing attacks.” https://lnkd.in/em5rnpxT

Starting in July, companies working with the US government may need to protect their data from quantum computer attacks. 🔵The National Institute for Standards and Technology (NIST) will introduce three encryption algorithms to safeguard data from such threats. 🔵This marks the beginning of a new era in cryptography, according to White House deputy national security adviser Anne Neuberger. 🔵A US Senate bill passed in 2022 allows government agencies to enforce NIST standards on contracted companies. 🔵Full compliance with these standards is expected by 2035 for most projects, though some sensitive projects may require a much earlier adoption. 🔵“It’s in companies’ own interests to be leading the way there,” Neuberger said. 🔵You can read the whole article here: https://lnkd.in/d49H5tYQ 🔵To be prepared for potential attacks, using a post-quantum cryptographic algorithm is of the highest importance for all organizations, companies and networks, including blockchain. 🔵The QANplatform hybrid blockchain uses the CRYSTALS-Dilithium, the NIST-recommended primary post-quantum algorithm, and has launched the world’s first private blockchain that is quantum-resistant, EVM compatible, and enables coding smart contracts in any programming language. 🔵#QANplatform's quantum-resistant technology is already being used by an EU country in the public sector. QANplatform’s technology protects government-owned cybersecurity infrastructure against quantum computing attacks. 🔵Join the Web3 revolution, test the recently released QAN TestNet: https://lnkd.in/e8VXX74E