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BTQ Patents Innovative Method and System for Generating Private Cryptographic Keys

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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.

“We are thrilled to have been granted this patent for our innovative method and system for generating private cryptographic keys,” said Olivier Roussy Newton, CEO of BTQ. “This proprietary technology provides a robust and secure solution for transmitting sensitive data between entities, and we believe it has the potential to revolutionize data security across a range of industries. We look forward to exploring partnerships with strategically aligned businesses to integrate this technology into their operations.”

The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

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Jake Vikoren

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Deep Prasad

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Matt Swayne

With a several-decades long background in journalism and communications, Matt Swayne has worked as a science communicator for an R1 university for more than 12 years, specializing in translating high tech and deep tech for the general audience. He has served as a writer, editor and analyst at The Quantum Insider since its inception. In addition to his service as a science communicator, Matt also develops courses to improve the media and communications skills of scientists and has taught courses. [email protected]

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The Future of Materials Discovery: Reducing R&D Costs significantly with GenMat’s AI and Machine Learning Tools

When: July 13, 2023 at 11:30am

What: GenMat Webinar

Picture of Jake Vikoren

Jake Vikoren

Company Speaker

Picture of Deep Prasad

Deep Prasad

Company Speaker

Picture of Araceli Venegas

Araceli Venegas

Company Speaker

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