News Releases:
Quantum Economic Development Consortium (QED-C) releases new report: Quantum Technology for Securing Financial Messaging
This new report assesses quantum-resistant technologies and provides guidance on strategies for achieving security across the sector. A link to the Summary is here.
In February 2024, 48 stakeholders from finance, quantum technology, government, and academia, including leaders from Accenture, ID Quantique, and others, participated in a workshop held by the QED-C Use Cases Technical Advisory Committee (TAC). During the workshop, participants identified high-feasibility, high-impact use cases for applying quantum-resistant technologies that include more secure cross-border transactions, security-enabling physical infrastructure, third-party validation of financial institutions’ quantum security posture, post-quantum transport layer security, and quantum communications service providers.
The report includes actionable insights for minimizing risks posed by the harvest now, decrypt later threat, combining technologies that increase security, and utilizing third-party service providers to help ensure timely risk mitigation by smaller institutions.
Toshiba invests in quantum investment fund Quantonation II
Established in 2018, Quantonation is one of the world’s largest venture capital funds specializing in quantum technology. It invests globally and has already launched its first fund, Quantonation I, with investments totaling €91 million across 27 startup companies, including global leader in neutral atoms computing, Pasqal and Computer Aided Drug Discovery company, Qubit Pharmaceuticals.
Quantonation and Toshiba believe this partnership will benefit Toshiba as well as Quantonation’s current and future portfolio companies in respect of technology development, market access and business development, especially in Japan, a significant market for Quantonation and its portfolio companies.
NTU Singapore sets up new quantum cybersecurity research programme with gift from the Dieter Schwarz Foundation
The Quantum Sovereignty and Resilience (QUASAR) programme is enabled by a gift from the Dieter Schwarz Foundation, a German non-profit charitable foundation. NTU will collaborate with the Technical University of Munich (TUM) on this programme and is also strengthening its existing collaboration with TUM with the signing of a Flagship Partnership.
Led by NTU’s School of Electrical and Electronic Engineering, QUASAR aims to address quantum-based cyberthreats by examining how quantum technologies can be used in encryption, building quantum-safe systems, and ensuring the safety of future Internet of Things and 5G devices.
.
Over $7.4 Million Awarded to Canada’s INRS for quantum technology projects
The projects, all of which are university-industry partnerships, will be funded by the Natural Sciences and Engineering Research Council of Canada (NSERC) through its Alliance Advantage grants program.
Alliance Advantage grants support initiatives that involve collaboration between academia and partner organizations in the private, public, or non-profit sectors. The purpose of these partnerships is to quickly find impactful applications for researchers’ discoveries with real, tangible benefits for Canada.