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In a move that sounds like it’s straight out of a sci‑fi thriller, BOLTS Technologies has launched a pilot program on the Canton Network to shield $6 trillion in real‑world assets from the looming threat of quantum computers. Yes, you read that right—quantum computers, the futuristic machines that could one day crack today’s encryption like a walnut. BOLTS, a cybersecurity firm with a knack for staying ahead of the curve, is testing its quantum‑resilient software, QFlex, on the Canton Network, a blockchain built for institutional finance. The goal? To ensure that when 'Q-Day' arrives—the day quantum computers can break current encryption—your digital assets won’t be left defenseless.
The Canton Network, which already handles over $4 trillion in monthly transactions, is no stranger to high stakes. With the EU’s PQS 2030 regulations on the horizon, the network is keen to future‑proof its cryptographic agility. Bernhard Elsner, Chief Product Officer of Digital Asset, is excited about QFlex’s potential to let sub‑networks switch between cutting‑edge cryptographic algorithms without breaking a sweat—or requiring code changes. It’s like giving the network a cryptographic Swiss Army knife.
Yoon Auh, CEO of BOLTS, isn’t mincing words either. With $6 trillion in institutional digital assets on the line, the industry can’t afford to hit the snooze button on quantum readiness. QFlex, built on the Structured Data Folding with Transmutations (SDFT) protocol, lets asset owners adapt to new threats in real time, transaction by transaction. No more static or hybrid solutions that leave you playing catch‑up with hackers.
And if you’re wondering whether BOLTS knows its stuff, consider this: QFlex has snagged grants from heavyweights like The National Institute of Standards and Technology, the U.S. Air Force, and the U.S. Navy. Plus, it’s backed by over 30 international patents. So, while the quantum apocalypse might sound like a plot from a Hollywood blockbuster, BOLTS and Canton Network are treating it like the very real threat it is. After all, when $6 trillion is on the line, you don’t wait for the villain to show up—you build the force field first.
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