Blockchain
QANplatform Co-Founder and CTO Johann Polecsak Highlights Quantum Threat at AIBC Conference in Dubai
Tallinn, Estonia–(Newsfile Corp. – March 22, 2022) – Johann Polecsak, Co-Founder and CTO of QANplatform gave a presentation on the main stage at the AIBC Summit in Dubai on the forthcoming threat posed by quantum computers to blockchain and cryptocurrencies. The quantum problem came to the forefront of the blockchain world in 2019, when Google announced its quantum computing breakthrough.
Johann Polecsak, Co-Founder and CTO of QANplatform at AIBC Summit, Dubai, 21 March 2022
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In his presentation “Will Quantum Break Crypto? The Truth,” Polecsak pointed out that the fact that quantum computers will break RSA and Elliptic Curve (EC) cryptography used by 99% of blockchain platforms is known, however, the industry is still recklessly neglecting the imminent threat.
“We are already having the wrong conversation in cryptography if we argue about whether we have one, three, or five years before quantum computers will break today’s security algorithms. We must always be ahead of the curve when it comes to cybersecurity, especially in the era of “Store now, decrypt later“. IBM’s 1,121 Qubit Condor could bring a big breakthrough, for example,” Polecsak explained.
The imminent threat by quantum computers is demonstrated by the fact that the US White House has set deadlines in January 2022 to prepare for the cybersecurity threat opposed by quantum computers. Agencies shall identify any instances of encryption not in compliance with NSA-approved Quantum Resistant Algorithms until 18 July 2022.
Johann Polecsak added: “One of the most important points people forget is that blockchains are decentralized by design. Centralized authorities like governments, companies can switch their IT security to post-quantum cryptography much easier. However, already running public blockchains (like Ethereum, Solana, Algorand, Cardano, etc.) can only switch to post-quantum cryptography with a hard fork which will lead to massive chaos.”
The quantum-problem timeline ranges from the denial phase when many well-known figures completely denied the problem to today’s confession phase, where current blockchains like Ethereum started to hire post-quantum cryptography experts in 2021. The next phase will be the instruction phase in 2022/2023 when already running public blockchains publish their quantum-resistant solutions and the migration process. This will be the hardest point because crypto users need to recognize, learn, and be capable of executing the migration of their cryptocurrencies. This could lead to chaos since crypto holders will need significant education about the problem to execute it without errors, but abandoned early miner wallets pose a bigger problem. Anonymity backfires at post-quantum migration because nobody can tell that the real owner or a hacker is migrating the funds. In this case, billions of “free money” could land in hackers’ hands if they start migrating on the real owners’ behalf.
QANplatform saw the threat coming earlier, so it could soon provide a solution to this cybersecurity problem. The QAN blockchain platform should be seen as a game-changer – offering the earliest quantum-resistant interoperability for crypto’s biggest ecosystem, Ethereum.
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant smart contracts, DApps, DeFi, NFT, tokens, Metaverse, and Web3 solutions on top of the QAN blockchain platform in any programming language.
Already running blockchain projects or new ones that are in the making will be able to launch soon on a blockchain platform that is quantum-resistant from point zero – before the public blockchain launch.
Video link to the presentation: https://youtu.be/AYe33k4TUrM
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About QANplatform:
QANplatform is the quantum-resistant Layer 1 hybrid blockchain platform that will allow developers and enterprises to build quantum-resistant: smart contracts, DApps, DeFi, NFT, tokens, Metaverse, and Web3 solutions on top of the QAN blockchain platform in any programming language.
Website: qanplatform.com
Twitter: https://twitter.com/QANplatform
Contact: [email protected]
Contact:
Gergo Szoke
+372 5881 8815
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/117617
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UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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