Quantum eMotion Corp (TSX-V:QNC, OTCQB:QNCCF) said its CEO discussed the threat of quantum computers to cybersecurity and blockchain with other industry leaders at last week’s IQT Quantum Cybersecurity conference in New York City.
CEO Francis Bellido said the conference was a good opportunity to promote Montreal-based Quantum eMotion’s cybersecurity technology, and gain an understanding of how it fits into future industry trends.
“I was very encouraged by what I heard at the conference regarding the strategic avenues that we chose for QeM. The choice we made in building our pipeline of product seems to be in perfect harmony with the challenges and opportunities that are at stake in the cybersecurity space,” Bellido said in a statement.
READ: Quantum eMotion seeks true randomness to deliver ‘unhackable’ encryption
Bellido said conference attendees discussed the threat posed by quantum computers and the increased interest in post-quantum cryptography (PQC) across a broad range of industries.
“The conversation today is no longer about whether it is necessary to implement PQC, but when and how to do so. Because of ‘harvest now-decrypt later’ hacking strategies, the quantum threat is increasingly seen as imminent,” Bellido said.
Another topic of interest was the threat quantum computers pose to the blockchain used in transactions for finance, insurance, real estate, voting, supply chain tracking, gambling and cryptocurrencies, according to Quantum eMotion.
The company said a quantum computer-compromised blockchain would allow eavesdropping, unauthorized client authentication, signed malware, a man-in-the-middle attack, forged documents and emails.
Quantum eMotion said it has produced the next generation of quantum random number generators (QRNGs), based on electron quantum tunneling, that have advantages in term of robustness, scalability, and cost. The QRNG2 crypto hardware wallet will store private keys for cryptocurrencies offline, when it comes to market in 2023.
The company added that it’s finalizing the development of a quantum secure messenger platform, designed to be able to send large and complex messages, including whole database structures. The first application would be used to securely communicate electronic health records.
“We expect these two products will be transformational for our company and propel QeM among the decisive players of the quantum cybersecurity industry,” Bellido said.
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