BOLTS Technologies, a cybersecurity firm specializing in crypto-agile infrastructure, has announced a pilot program to integrate quantum-resilient security onto the Canton Network. The initiative aims to explore how BOLTS's QFlex software can provide quantum-resistant transaction assurance for the institutional-grade blockchain, which processes over $4 trillion in repurchase agreements monthly and supports more than $6 trillion in on-chain real-world assets (RWAs).
The pilot addresses the looming threat of "Q-Day," the hypothetical point when a cryptographically relevant quantum computer (CRQC) could break current encryption standards using Shor's algorithm. QFlex, built on the Structured Data Folding with Transmutations (SDFT) protocol, is designed to offer cryptographic agility at the transaction level. This allows individual asset owners to dynamically respond to new cryptographic threats in real-time, a capability touted as superior to existing static or hybrid solutions.
The move aligns with regulatory trends, notably the European Union's PQS 2030 initiative, which mandates a shift towards post-quantum cryptography (PQC). Bernhard Elsner, Chief Product Officer of Digital Asset (the developer behind Canton Network), stated that exploring QFlex's promise would strengthen the network's cryptographic agility and position it to support stakeholders adopting future regulations like DLT 2030.
Yoon Auh, CEO of BOLTS, emphasized the urgency, noting that with trillions in institutional digital assets at stake, the industry can no longer delay quantum-readiness. The QFlex technology has received grants from U.S. federal agencies including the National Institute of Standards and Technology (NIST), the U.S. Air Force, and the U.S. Navy, and is backed by over 30 international patents.
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