Risk of monetary loss reduced by up to 98%
January 22, 2025 9:14 AM EST | Source: Quantum eMotion Corp.
Montreal, Quebec–(Newsfile Corp. – January 22, 2025) – Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) (“QeM” or the “Company”), announces groundbreaking results for its cutting-edge quantum hardware wallet, designed to revolutionize the security of blockchain and cryptocurrency transactions . Recent studies highlight that this innovative solution reduces the risk of monetary loss by up to 98% compared to conventional hierarchical deterministic (HD) wallets.
Announced last July, the wallet leverages Quantum eMotion’s proprietary Quantum Random Number Generation (QRNG) technology and an intelligent key generation system, ensuring optimal performance for commercial blockchain applications. It provides a cost-effective and compact solution by reusing hardware components to generate parent and child keys, thereby reducing cost and complexity.
An advanced reset mechanism improves protection against brute force attacks and privilege escalation by regenerating master private keys with new quantum random numbers. In collaboration with ETS (École de Technologie Supérieure, Montreal, Canada) researchers M. Shabir, K. Zhang, G. Gagnon and Bertrand Reulet from the University of Sherbrooke, the QeM design was rigorously evaluated and published in Springer Nature: Qaas: Hybrid Cryptocurrency Wallet as a Service Based on Quantum RNG*.
The Quantum-as-a-Service (QaaS) hybrid wallet integrates QRNG-based key generation with deep learning algorithms to optimize key scheme selection based on user behavior. This approach ensures robust security and balances efficiency and memory usage. Successfully implemented for Ethereum transactions, the QaaS wallet demonstrates exceptional security and improved operational performance without additional memory demands.
Our QaaS portfolio represents a significant step forward in blockchain security and usability,” said Francis Bellido, CEO of Quantum eMotion. “By combining quantum technology with intelligent system design, we are setting new standards in regarding the protection of digital assets.”
*https://link.springer.com/article/10.1007/s10586-024-04885-7
About QeM
The company’s mission is to meet the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions with its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets. value and critical systems.
The company intends to target popular financial services, healthcare, blockchain applications, cloud-based IT security infrastructure, government networks and classified communication systems, secure device key ( IOT, automotive, consumer electronics) and quantum cryptography.
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This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those intended. These risks and uncertainties include those described in the Company’s periodic reports, including the Annual Report, or in documents filed by Quantum from time to time with securities authorities.
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