Quantum eMotion's Revolutionary Quantum Wallet Proves Unparalleled Blockchain Security
Rhea-AI Summary
Quantum eMotion (QNCCF) has announced breakthrough results for its quantum-based hardware wallet, demonstrating up to 98% reduction in monetary loss risk compared to traditional HD wallets. The wallet, announced in July, incorporates proprietary Quantum Random Number Generation (QRNG) technology and intelligent key generation.
The solution features cost-effective design by reusing hardware components for parent and child key generation, and includes an advanced resetting mechanism against brute-force attacks. The hybrid Quantum-as-a-Service (QaaS) wallet combines QRNG-powered key generation with deep learning algorithms to optimize key scheme selection based on user behavior.
The technology has been successfully implemented for Ethereum transactions and validated through research collaboration with ETS Montreal and University of Sherbrooke, with findings published in Springer Nature.
Positive
- Demonstrated 98% reduction in monetary loss risk compared to conventional wallets
- Cost-effective design through hardware component reuse
- Successfully implemented and validated for Ethereum transactions
- Research findings published in respected academic journal (Springer Nature)
Negative
- None.
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On the day this news was published, QNCCF declined 5.05%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Risk of monetary loss reduced by up to
Montreal, Quebec--(Newsfile Corp. - January 22, 2025) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) ("QeM" or the "Corporation"), announces groundbreaking results for its state-of-the-art quantum-based hardware wallet, designed to revolutionize security in blockchain and cryptocurrency transactions. Recent studies highlight that this innovative solution reduces the risk of monetary loss by up to
Announced last July, the wallet leverages Quantum eMotion's proprietary Quantum Random Number Generation (QRNG) technology and an intelligent key generation scheme, ensuring optimal performance for commercial blockchain applications. It provides a cost-effective and compact solution by reusing hardware components for generating both parent and child keys, thus reducing costs and complexity.
An advanced resetting mechanism enhances 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, QeM's design has been rigorously evaluated and published in Springer Nature: Qaas: hybrid cryptocurrency wallet-as-a-service based on Quantum RNG*.
The hybrid Quantum-as-a-Service (QaaS) wallet integrates QRNG-powered 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 utilization. Successfully implemented for Ethereum transactions, the QaaS wallet demonstrates outstanding enhanced security and operational performance without additional memory demands.
Our QaaS wallet represents a significant leap 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 for protecting digital assets."
*https://link.springer.com/article/10.1007/s10586-024-04885-7
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.
For further information, please visit our website at https://www.quantumemotion.com/ or contact:
Francis Bellido, Chief Executive Officer
Tel: 514.956.2525
Email: info@quantumemotion.com
Website: www.quantumemotion.com
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238071
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