Quantum eMotion Corp (TSX-V: QNC, OTCQB: QNCCF) CEO Francis Bellido highlighted the company’s progress in 2022 and discussed next steps for 2023 in a statement released Thursday. Did.
“2022 has been a great year for making revolutionary progress in key areas for QeM and laying the foundation for a bright future: 1.5 gigabytes per second of pure entropy) and the first blockchain application of QRNG technology. done.
QRNG technology aims to significantly improve the quality of cryptography that protects the security and privacy of electronic communications and digital assets.
Read: Quantum eMotion Adds Veteran Tech Entrepreneur Paul Arsenault to Executive Team
Going forward, Bellido said the cybersecurity market will continue to offer great opportunities.
“The chaos and havoc caused by cybercriminals during the COVID-19 crisis continues to be exacerbated by other geopolitical factors such as war and economic uncertainty, resulting in global cybersecurity The market is expected to exceed US$250 billion by 2027.”
Looking ahead to 2023, QeM is developing several post-quantum cryptographic hardware solutions in which QRNG2 plays a central role as a source of high-quality cryptography, the company said.
One such solution is blockchain and cryptocurrency applications. This is due to the very high usage of encryption. Its effectiveness requires strong random number generation to ensure that the system is impenetrable.
The company is currently prototyping the first crypto hardware wallet that will be quantum-enhanced to make it unbreakable by hackers. The goal is to have it available in 2023.
Andrew Kessel can be reached at email@example.com.
Follow him on Twitter @andrew_kessel