Insider Brief
- BTQ announced it has received approval for a patent related to quantum-safe encryption technology.
- The technology enables the secure transmission of confidential information using private cryptographic keys generated from a random vector shared between the entities.
- A range of industries may use the technology, including including distributed ledgers, finance, healthcare, and government agencies.
PRESS RELEASE — BTQ Technologies Inc., a global quantum technology company focused on securing mission critical networks, announced it has received approval by the US Patent and Trademark Office (USPTO) for its patent application related to quantum-safe encryption technology.
This patented technology enables the secure transmission of confidential information between entities using private cryptographic keys generated from a random vector shared between the entities. The invention can be implemented using various mathematical functions and projection functions, making it a versatile and robust solution for enhancing security in data transmission.
BTQ’s invention also involves compressing confidential information with a lossless compression algorithm and combining the compressed information with random data. The cryptogram is then generated by encrypting the compressed confidential information combined with the random data. The cryptogram comprises information enabling the confidential information to be distinguished from the random data.
This novel technology is an important breakthrough in data security and will have implications for a range of industries that rely on secure data transmission, including distributed ledgers, finance, healthcare, and government agencies.
