BOLTS Technologies (BOLTS), a cybersecurity company specializing in crypto-agile and cipher-neutral security infrastructure, has announced the launch of a pilot program. This initiative aims to explore the integration of quantum-resilience onto the Canton Network, a public, permissionless blockchain designed for institutional finance.
Exploring Quantum-Resistant Transactions
The pilot program will investigate how BOLTS' quantum-resilient software product, QFlex, can potentially provide quantum-resistant transaction assurance to the Canton Network. QFlex is designed to address the complex challenges of fortifying blockchain networks against "Q-Day." Q-Day refers to the anticipated arrival of a cryptographically relevant quantum computer (CRQC) capable of compromising current Internet security through algorithms like Shor's algorithm.
Canton Network's Growing Focus on Post-Quantum Cryptography
Following the European Union's introduction of PQS 2030 (Post-Quantum Security 2030), the Canton Network is increasingly focusing on flexible support for post-quantum cryptography. The network boasts a significant roster of institutional ecosystem participants and processes over $4 trillion in repos monthly.
Bernhard Elsner, Chief Product Officer of Digital Asset, stated, "We’re excited to explore QFlex's promise of allowing sub-networks to enable flexible, user-controlled use of a wide range of cutting-edge cryptographic algorithms without code-changes. This would further strengthen the Canton Network's cryptographic agility and position it well to seamlessly support stakeholders adopting rules like DLT 2030 and beyond."
Yoon Auh, CEO of BOLTS, affirmed, "We are proud that our proven expertise and technology are in this pilot test with Canton Network. This collaboration represents a meaningful step in our mission to deliver durable, future-ready security infrastructure solutions for institutions operating on distributed ledger platforms.
QFlex gives assurance to the industry that Q-Day fears can be overcome efficiently today, with a clear path to becoming quantum-ready. The industry can no longer delay this, given the trillions of dollars in institutional digital assets at stake. With Canton Network supporting over $6 trillion in on-chain real-world assets, this pilot will have a significant impact on the industry."
QFlex Technology and Cryptographic Agility
QFlex is built upon the Structured Data Folding with Transmutations (SDFT) protocol, enabling cryptographic agility at the transaction level. This empowers each asset owner to react to new threats in real time with their next transaction, distinguishing it from existing static or hybrid-algorithm solutions.
About BOLTS Technologies
BOLTS Technologies provides advanced, validated quantum-resilient solutions for Web3 systems. Its primary technology, QFlex, offers crypto-agile protection for blockchain transactions, managed by the owner or wallet. QFlex aims to safeguard blockchains from future cryptography transitions. The technology has its origins in secure data-centric technologies, including scalable privacy solutions originally developed by its sister company, NUTS Technologies. QFlex (SDFT) has received multiple grants from The National Institute of Standards and Technology, The United States Air Force, and The United States Navy for its advanced cryptographic technologies. The SDFT/NUTS advanced applied cryptographic technologies are supported by over 30 international patents.