BOLTS Technologies (BOLTS), a cybersecurity company pioneering crypto-agile and cipher-neutral security infrastructure, announced the launch of a pilot program to explore bringing quantum-resilience on the Canton Network. The Canton Network is a public, permissionless blockchain purpose-built for institutional finance.
Quantum-Resilience Pilot
The pilot program will investigate how BOLTS’ quantum-resilient software product, QFlex, can potentially introduce quantum-resistant transaction assurance to the Canton Network. QFlex is designed to address the complex challenges of fortifying blockchain networks against the advent of Q-Day, the anticipated arrival of a cryptographically relevant quantum computer (CRQC) capable of undermining current Internet security through Shor’s algorithm.
Following the European Union’s introduction of PQS 2030, flexible support for post-quantum cryptography (PQS) is expected to become a growing priority for the Canton Network. The network boasts an extensive roster of institutional ecosystem participants and processes over $4 trillion in repos monthly.
Industry Perspectives
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
QFlex is built on the Structured Data Folding with Transmutations (SDFT) protocol, providing cryptographic agility at the transaction level. This technology empowers each asset owner to respond to new threats in real time during their next transaction, offering an advantage over existing static or hybrid-algo solutions.
About BOLTS Technologies
BOLTS Technologies offers advanced, validated quantum-resilient solutions for Web3 systems. Its core technology, QFlex, provides owner-controlled, crypto-agile protection for blockchain transactions, safeguarding blockchains against future cryptography transitions. QFlex originates from secure data-centric technologies developed by its sister company, NUTS Technologies, and has received numerous 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.
More information can be found at: https://boltstechnologies.xyz/