Business
Arqit and NEOM Enter Into Agreement to Build and Trial ‘Cognitive City’ Quantum Security System
New system aims to protect all users, transactions, devices, and data across cognitive cities worldwide. Software will be designed to defend cognitive cities
About this update from Arqit Quantum Inc.
[{"type":"text","content":"\n\nNew system aims to protect all users, transactions, devices, and data across cognitive cities worldwide.\n\n\nSoftware will be designed to defend cognitive cities against cyber-attacks.\n\n\nOnce tested at NEOM the system has global export potential.\n\n\n LONDON--(BUSINESS WIRE)--\nArqit Quantum Inc. (“Arqit”) and NEOM Tech and Digital Company (via its affiliate, NEOM Company) have entered a Memorandum of Understanding (MOU) today to build and trial the ‘Cognitive City’ quantum security system.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211208005145/en/\nThis trial will see the two organisations develop new software capable of defending cognitive cities against cyber-attacks from the most advanced computers to emerge in coming years.\n\nThe transformational quantum system will be built and tested at NEOM, the cognitive city – not just a ‘smart’ city that uses tech ad hoc, but a city built from the ground up, with AI woven into its fabric, that monitors the city’s use and seeks to constantly improve citizens’ lives.\n\nPending a successful trial in NEOM during the first half of 2022, the system could be exported to other cognitive cities around the world, offering billions of users a highly secure means to authenticate, identify and secure all forms of devices while fully guaranteeing their privacy.\n\nArqit Founder and Chairman, David Williams, said: “For the world to progress, people and businesses across all parts of the economy must be able to make costless, instant transfers, and seamless transactions, as well as have instantaneous access to all their information, and control who uses it and when.\n\n“However, technology cannot be trusted until the cyber security threats of today and tomorrow are fully addressed. That’s what Arqit has achieved with our new distributed ledger technology (DLT), Quantum Blockchain, designed to deliver financial payments and smart contracts in a way that is sustainable, energy-efficient and can manage instantaneous transactions at close to zero cost.\n\n“NEOM is without doubt leading the world in the development of cognitive communities, and therefore the perfect launch partner for this technology.”\n\nMansoor Hanif, Executive Director of Emerging Technologies for NEOM’s Technology and Digital Company, said: “At NEOM, we str...