Companies QApp and Web3 Tech have joined forces to create the first blockchain platform in Russia that can deal with quantum computing. This technological innovation uses post-quantum encryption, which makes it secure and safe from cyber attacks. Information about this was provided by the press service of Web3 Tech.
The threat from quantum computing grows every year and quantum computers become more powerful. QApp CEO Anton Guglya emphasized that their joint project aims to produce reliable solutions for distributed ledgers in cooperation with Russia’s leading technology companies.
Post-quantum encryption algorithms are special encryption methods created taking into account the capabilities of quantum computers. These methods are designed to ensure reliable protection of information against future quantum threats. Russian startup QApp, created by experts from the Russian Quantum Center, has been developing similar algorithms for several years and successfully applying them to ensure data security in Russian banks.
Recently QApp and its partners at Web3 Tech successfully integrated post-quantum encryption algorithms into the Russian blockchain platform and tested their performance. This increased the level of data security on the blockchain and prepared the platform to combat quantum threats. Web3 Tech CEO Artyom Kalikhov emphasized the importance of this step and the company’s plans to pilot the new solution in real conditions.
Source: Ferra
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