Quantum eMotion Corp said it is making “significant progress” developing the first Blockchain application of its quantum random number generator (QRNG) technology.
The company said it had completed the design of its first Blockchain application of its QRNG technology.
Earlier in 2022, Montreal-based Quantum secured funding from Mitacs to Blockchain applications of its QRNG2 technology.
Quantum’s patented solution for a QRNG exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced security for protecting high value assets and critical systems.
The company used funds to develop the use of the QRNG2 device to harden the cryptographic mechanisms of hardware cryptocurrency wallets, and for using QRNG as a “verifiable randomness beacon” for Blockchain oracle.
Additional funds went to developing the use of QRNG as an alternative leader selection protocol for Blockchain consensus, according to the company.
First prototype expected in early 2023
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