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Quantum eMotion Comments on Highlights of Last Week IQT Quantum Cybersecurity Conference in New York and Its Relevance for QeM
Montreal, Quebec--(Newsfile Corp. - November 1, 2022) - Quantum eMotion Corp. (TSXV: QNC) (OTC...
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[{"type":"text","content":"Quantum eMotion Comments on Highlights of Last Week IQT Quantum Cybersecurity Conference in New York and Its Relevance for QeMMontreal, Quebec--(Newsfile Corp. - November 1, 2022) - Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q) (\"QeM\" or the \"Company\") provides comments on QT Fall New York 2022.Francis Bellido, CEO of QeM, said: \"I had the opportunity to participate to the IQT conference that has quickly become the quantum industry's leading conference on quantum cybersecurity. A great opportunity to meet several leaders of this nascent industry and to obtain a sound understanding on the current impact of quantum technology on cybersecurity and its future trends.\" Much of discussion was around the threat posed by Quantum computers and increased interest in PQC (Post Quantum Cryptography) across a broad range of industries. The conversation today is no longer about whether it is necessary to implement PQC, but when and how to do so. Because of \"harvest now-decrypt later\" hacking strategies, the quantum threat is increasingly seen as imminent. While PQC solutions are mainly software oriented, hardware solutions based on chipsets were also discussed. It is expected that these chips will be specifically PQC chips that will be enough performant to provide extra power and memory to run the latest PQC algorithms. In many cases, entirely new chips will have to be developed to comply with ever increasing needs for speed and throughput.Another topic of interest was the threat that quantum computers pose to the \"blockchain\" perennity. Blockchain technology has been proposed for a wide range of transactions, including finance, insurance, real estate, voting, supply chain tracking, gambling, etc. A quantum computer-compromised blockchain would allow eavesdropping, unauthorized client authentication, signed malware, a man-in-the-middle attack (MITM), forged documents, and emails. These attacks can lead to key operations disruption, reputation, and trust damage, as well as loss of intellectual property, financial assets, and regulated data.Francis Bellido, CEO of QeM, added: \"I was very encouraged by what I heard at the conference regarding the strategic avenues that we chose for QeM. The choice we made in building our pipeline of product seems to be in perfect harmony with the challenges and opportunities that are at ...