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Quantum eMotion Corp. files a PCT patent application for a quantum-based blockchain wallet leveraging Quantum Random Number Generator technology. The innovative method aims to enhance the security of cryptocurrency wallets by intelligently selecting key generation schemes and utilizing true random number generation. The technology, developed in partnership with Dr. Kaiwen Zhang at ETS, is now patent pending worldwide under the Patent Cooperation Treaty. The global hardware wallet market is projected to grow significantly, reaching $3.6 billion by 2031, driven by the increasing demand for secure cryptocurrency storage solutions amidst rising cyber threats and the potential risks posed by quantum-computer attacks.
Quantum eMotion Corp. ha presentato una domanda di brevetto PCT per un portafoglio blockchain basato sulla tecnologia Quantum Random Number Generator. Il metodo innovativo mira a migliorare la sicurezza dei portafogli per criptovalute selezionando in modo intelligente gli schemi di generazione delle chiavi e utilizzando una generazione di numeri casuali veramente aleatoria. La tecnologia, sviluppata in collaborazione con il Dr. Kaiwen Zhang presso l'ETS, è ora in attesa di brevetto in tutto il mondo secondo il Trattato di Cooperazione in materia di Brevetti. Si prevede che il mercato globale dei portafogli hardware crescerà significativamente, raggiungendo i 3,6 miliardi di dollari entro il 2031, spinto dalla crescente domanda di soluzioni sicure per la conservazione delle criptovalute in mezzo a minacce informatiche in aumento e ai potenziali rischi posti dagli attacchi di computer quantistici.
Quantum eMotion Corp. ha presentado una solicitud de patente PCT para una cartera blockchain basada en la tecnología de Generador de Números Aleatorios Cuánticos. El método innovador busca mejorar la seguridad de las carteras de criptomonedas seleccionando de manera inteligente los esquemas de generación de claves y utilizando la generación de números aleatorios verdaderos. La tecnología, desarrollada en colaboración con el Dr. Kaiwen Zhang en ETS, ahora está pendiente de patente a nivel mundial bajo el Tratado de Cooperación de Patentes. Se proyecta que el mercado global de carteras de hardware crecerá significativamente, alcanzando los 3.6 mil millones de dólares para 2031, impulsado por la creciente demanda de soluciones seguras para el almacenamiento de criptomonedas ante el aumento de amenazas cibernéticas y los riesgos potenciales de los ataques con computadoras cuánticas.
Quantum eMotion Corp.는 양자 기반의 블록체인 지갑을 위한 PCT 특허 신청을 제출하였습니다. 이 혁신적인 방법은 Quantum Random Number Generator 기술을 활용하여 지능적으로 키 생성 체계를 선택하고 진정한 난수 생성을 사용함으로써 암호화폐 지갑의 보안을 강화하는 것을 목표로 합니다. ETS의 Dr. Kaiwen Zhang과 협력하여 개발된 이 기술은 현재 특허협력조약 하에 전 세계적으로 특허 출원 중입니다. 글로벌 하드웨어 지갑 시장은 사이버 위협 증가와 양자 컴퓨터 공격에 의한 잠재적 위험성으로 인해 안전한 암호화폐 저장 솔루션에 대한 수요가 증가함에 따라 2031년까지 36억 달러에 이를 것으로 예상됩니다.
Quantum eMotion Corp. a déposé une demande de brevet PCT pour un portefeuille blockchain basé sur la technologie du Générateur de Nombres Aléatoires Quantiques. Cette méthode innovante vise à renforcer la sécurité des portefeuilles de cryptomonnaie en sélectionnant intelligemment les schémas de génération de clés et en utilisant une génération de nombres aléatoires véritable. La technologie, développée en partenariat avec le Dr. Kaiwen Zhang de l'ETS, est maintenant en attente de brevet dans le monde entier sous le Traité de Coopération en matière de Brevets. Le marché mondial des portefeuilles matériels est projeté de croître de manière significative, atteignant 3,6 milliards de dollars d'ici 2031, stimulé par la demande croissante pour des solutions de stockage de cryptomonnaie sécurisées face à l'augmentation des menaces cybernétiques et aux risques potentiels posés par les attaques informatiques quantiques.
Quantum eMotion Corp. hat eine PCT-Patentanmeldung für eine auf Quantentechnologie basierende Blockchain-Geldbörse eingereicht, die Quantum Random Number Generator Technologie nutzt. Das innovative Verfahren zielt darauf ab, die Sicherheit von Kryptowährungs-Wallets zu erhöhen, indem es intelligente Auswahlverfahren für die Schlüsselerzeugung verwendet und echte Zufallszahlen generiert. Die Technologie, die in Zusammenarbeit mit Dr. Kaiwen Zhang an der ETS entwickelt wurde, ist nun weltweit unter dem Patentzusammenarbeitsvertrag patentrechtlich anhängig. Es wird erwartet, dass der globale Markt für Hardware-Wallets erheblich wachsen wird und bis 2031 einen Wert von 3,6 Milliarden Dollar erreicht, angetrieben durch die steigende Nachfrage nach sicheren Lösungen zur Aufbewahrung von Kryptowährungen angesichts zunehmender Cyber-Bedrohungen und potenzieller Risiken durch Angriffe von Quantencomputern.
Positive
Quantum eMotion Corp. files a PCT patent application for a quantum-based blockchain wallet.
The technology aims to enhance the security of cryptocurrency wallets by intelligently selecting key generation schemes and utilizing true random number generation.
The patent application has been filed under the Patent Cooperation Treaty, claiming March 30, 2023, as a priority date.
The global hardware wallet market is projected to reach $3.6 billion by 2031, growing at a CAGR of 23.7% from 2022 to 2031.
Hackers pilfered $3.8 billion worth of cryptocurrency globally in the previous year, highlighting the importance of enhanced security measures.
The technology addresses the looming threat of quantum-computer attacks on encryption algorithms safeguarding online communications and financial transactions.
Negative
None.
Bulletproof Security for Cryptocurrency Wallets
Montreal, Quebec--(Newsfile Corp. - April 18, 2024) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) ("QeM" or the "Company") proudly announces the filing of a PCT patent application for an innovative method to operate Blockchain Wallet, leveraging the impenetrable security provided by the QeM Quantum Random Number Generator (QRNG2).
A hardware wallet serves as a physical fortress, safeguarding private keys crucial for accessing and managing cryptocurrencies like Bitcoin or Ethereum. By storing private keys offline, these devices fortify themselves against cyber threats and hacking attempts, a marked advantage over internet-connected software wallets.
Cryptocurrency (e.g., blockchain) wallets make heavy use of large series of numbers referred to as keys. There are different schemes to generate keys, such as ND and HD, and each scheme has its advantages and disadvantages. When providing a blockchain wallet to an unknown user, it is not possible to adapt the key generation scheme to the user's type of use, leading to mismatches between the types of key generation schemes and the users. Quantum eMotion's technology alleviates these inconveniences by providing a wallet that intelligently selects the key generation scheme, based on a comparison of cost values of the different key generation schemes. Moreover, by leveraging Quantum eMotion's QRNG technologies, a blockchain wallet combining the advantages of true random number generation with intelligent key generation scheme selection can now be made available to consumers, a product of an unparalleled level of functionality.
Quantum eMotion's technology, developed in partnership with Dr. Kaiwen Zhang at ETS (École de technologie supérieure, Montreal, Canada), is now patent pending worldwide. More specifically, the patent application has been filed under the Patent Cooperation Treaty, claiming March 30, 2023 as a priority date. The Patent Cooperation Treaty is an international treaty that provides a means of reserving international patent protection in more than 150 member states for 30 months from the priority date. Accordingly, Quantum eMotion's international pendency for this technology will last until September 30, 2025, at which point pendency will continue nationally in the countries and regions that will have been ultimately selected.
Francis Bellido, CEO of Quantum eMotion, remarked, "The recent resurgent interest for cryptocurrencies encourages us to deploy our patent-secured technology grounded in quantum electron tunneling across blockchain applications. However, as cryptocurrencies are regaining popularity, their security remains a paramount concern."
According to a recent Allied Market Research report, the global hardware wallet market which was valued at $442.6 million in 2021 is projected to reach $3.6 billion by 2031, growing at a CAGR of 23.7% from 2022 to 2031. Despite their enhanced security features, current hardware wallets remain vulnerable to sophisticated cybercriminal activities and the looming threat of quantum-computer attacks. In the previous year alone, hackers pilfered a staggering $3.8 billion worth of cryptocurrency globally, as reported by a blockchain analytics firm specializing in cybercrime tracking. With the advent of quantum computers capable of breaching current encryption algorithms safeguarding online communications, including financial transactions, governmental exchanges, and personal data storage, the future poses even graver risks.
About QeM
The Company's mission is to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to 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 and critical systems.
The Company intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described in the Corporation's periodic reports including the annual report or in the filings made by Quantum from time to time with securities regulatory authorities.
