Insider Brief:
- Quantum eMotion’s quantum-based hardware wallet reduces the risk of monetary loss by up to 98% compared to traditional HD wallets, leveraging proprietary Quantum Random Number Generation (QRNG) technology for secure key generation.
- The wallet uses a cost-effective key generation scheme, an advanced resetting mechanism to protect against brute-force attacks, and integrates deep learning algorithms for optimized key scheme selection based on user behavior.
- Validated by researchers from ETS and the University of Sherbrooke, the QaaS wallet has been successfully implemented for Ethereum transactions, combining quantum security with operational efficiency as published in Springer Nature.
PRESS RELEASE — Quantum eMotion Corp. announces results for its state-of-the-art quantum-based hardware wallet, designed to revolutionize security in blockchain and cryptocurrency transactions. Recent studies highlight that this innovative solution reduces the risk of monetary loss by up to 98% compared to conventional hierarchical deterministic (HD) wallets.
Announced last July, the wallet leverages Quantum eMotion’s proprietary Quantum Random Number Generation (QRNG) technology and an intelligent key generation scheme, ensuring optimal performance for commercial blockchain applications. It provides a cost-effective and compact solution by reusing hardware components for generating both parent and child keys, thus reducing costs and complexity.
An advanced resetting mechanism enhances protection against brute-force attacks and privilege escalation by regenerating master private keys with new quantum random numbers. In collaboration with ETS (École de technologie supérieure, Montreal, Canada) researchers M. Shabir, K. Zhang, G. Gagnon, and Bertrand Reulet from the University of Sherbrooke, QeM’s design has been rigorously evaluated and published in Springer Nature: Qaas: hybrid cryptocurrency wallet-as-a-service based on Quantum RNG*.
The hybrid Quantum-as-a-Service (QaaS) wallet integrates QRNG-powered key generation with deep learning algorithms to optimize key scheme selection based on user behavior. This approach ensures robust security and balances efficiency and memory utilization. Successfully implemented for Ethereum transactions, the QaaS wallet demonstrates outstanding enhanced security and operational performance without additional memory demands.
Our QaaS wallet represents a significant leap forward in blockchain security and usability,” said Francis Bellido, CEO of Quantum eMotion. “By combining quantum technology with intelligent system design, we are setting new standards for protecting digital assets.”
*https://link.springer.com/article/10.1007/s10586-024-04885-7
