Quantum eMotion Inc., a Montreal, Canada-based quantum company, has announced the completion of the design of its first Blockchain application in Quantum Random Number Generator (QRNG) technology. Eyeing a 2023 release of the prototype according to a statement from CEO Francis Bellido, the company’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’s core customer base is focused on financial services, Blockchain applications, cloud-based IT security infrastructure, classified government networks and communication systems, secure device keying, and quantum cryptography markets.
Founded as Quantum Numbers Corp Quantum eMotion Corp. back in 2007, the company changed its name to Quantum eMotion Inc. in June 2021. With a mission to address the growing demand for affordable hardware security in connected devices, the company’s patented solution — which it has reported they are making “significant progress” on — 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.
Early last year, Quantum eMotion received funding from Mitacs, a Canadian nonprofit national research organization, for Blockchain applications of its QRNG2 technology, and used the funds to further 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.
“We are very excited to announce the decisive progress made in our three Blockchain programs and more particularly, the design completion of the hardware cryptocurrency wallets integrated with our QRNG2,” said Quantum eMotion’s CEO Francis Bellido in a statement.
“This will be the first Hardware Crypto Wallet able to store private keys for cryptocurrencies offline in a quantum-encrypted device, which will make these new wallets inviolable for the hackers.”