Mentioned:
BTQ -15.53% IBM -5.60%
A publicly traded quantum computing company in Canada is on the leading edge of new technology for blockchain security. And now, it’s an official priority for the world’s first private consortium focused on developing international standards for quantum computing.
What’s happening:
- BTQ Technologies (CBOE: BTQ) has officially been selected as the Chair of the QuINSA Quantum Communications Working Group
Why it matters:
- QuINSA is a private consortium focused on developing new standards for quantum computing and quantum systems and has multiple large companies as founding members including IBM (NYSE: IBM) and LG Electronics
Going deeper:
- QuINSA is the world’s first private consortium that has been formed to collaborate on setting international standards for quantum computing
- BTQ Technologies’ Quantum Proof-of-Work system has also become an official initiative of QuINSA, which will position their technology to be a part of the frameworks and protocols for global adoption in blockchain security
The intrigue:
- BTQ Technologies has been making a flurry of moves recently focused on building breakthrough technology for protecting digital assets from potential quantum computing threats, including just recently unveiling their Quantum Stablecoin Settlement Network for the first time
