QANplatform has launched the world’s first quantum-resistant private blockchain, compatible with Ethereum’s EVM and allowing developers to code smart contracts in any language. The platform uses the NIST-recommended primary post-quantum algorithm, enhancing security against potential quantum computer attacks. QANplatform’s multi-language smart contracts could enable over 26 million new software developers to enter the Web3 space. The company is developing a hybrid blockchain, with the QAN Private Blockchain as the first step, followed by a Public TestNet and the QAN Public Blockchain’s expected release by late 2023. The platform aims to usher in a new era for Web3 operating systems and blockchain mass adoption.
QANplatform Introduces Quantum-Resistant Private Blockchain
The launch of the QAN Private Blockchain is the first step in QANplatform’s development of a hybrid blockchain. The Public TestNet is expected to be launched this autumn, followed by the release of the QAN Public Blockchain by late 2023. QANplatform’s multi-language smart contracts could potentially allow over 26 million new software developers to enter the Web3 space, potentially reshaping and boosting the blockchain industry.
Quantum Computer Attack Resistance
Quantum computers pose a significant threat to today’s blockchain platforms, potentially breaking 99% of them. The blockchain industry is particularly vulnerable to quantum-computing attacks as all previous accounts become immediately untrustworthy, with transactions being fakable on their behalf. This could lead to a complete loss of trust in the system as the authenticity of all transactions becomes questionable.
The National Institute of Standards and Technology (NIST) plays a crucial role in the development of cryptographic standards and algorithms that can resist attacks from quantum computers. NIST recommends CRYSTALS-Dilithium as the primary algorithm for quantum-resistant signatures – the same algorithm QANplatform chose in 2021, one year before NIST’s announcement.
Multi-Language Smart Contracts on QANplatform
The QAN Virtual Machine (QVM) allows developers to write smart contracts in any Linux-Kernel-compatible programming language. This is a significant development for the blockchain ecosystem as most blockchain platforms are only compatible with the Ethereum smart contract language, Solidity.
Thanks to QANplatform’s invention of multi-language smart contracts, over 26 million new software developers will be able to enter the Web3 space. This eliminates the need to hire or train Solidity programmers, making talent acquisitions, development, and codebase maintenance easier and more cost-efficient.
Rapid Cloud Platform Deployment
QANplatform has developed a Rapid Cloud Platform Deployment feature, allowing developers to deploy the QAN private blockchain in less than 5 minutes to major cloud platforms. Cloud computing and blockchain technology have been two of the top strategic technology trends in the past five years, gaining even more focus after the COVID-19 pandemic due to their distributed and privacy-enhanced characteristics.
QANplatform’s Hybrid Blockchain
QANplatform is developing a hybrid blockchain, with the launch of the QAN Private Blockchain marking the initial milestone in the product’s release schedule. In a hybrid blockchain, enterprises can decide which data (transaction) shall be posted on a private or public blockchain. This flexibility allows them to control who can access specific data on the blockchain and decide which data should be made public.
The QAN Public Blockchain is expected to be released by the end of 2023. This hybrid blockchain solution could be a significant step towards the mass adoption of blockchain technology.
“Designing a private blockchain that addresses both future challenges, such as quantum attacks, and current market issues, like high entry barriers for developers and enterprises, presented a significant and complex undertaking. Additionally, ensuring Ethereum compatibility to facilitate the onboarding of existing solutions onto the QANplatform added to the intricacy of the task. I am proud of the QANplatform team for achieving these milestones as a global pioneer. I am eagerly anticipating the opportunity to showcase the initial use cases of our partners operating on the QAN Private Blockchain.” — said Johann Polecsak, Co-Founder and CTO of QANplatform.
“We always evolve but not everyone leads the way. I’m proud to support the introduction of a cutting-edge deep tech project, such as QANplatform, in the Gulf region and on the global market.”
H.E. Sheikh Mansoor Bin Khalifa Al-Thani, Member of the Qatari Ruling Family, Chairman of MBK Holding, and former ICT Director for The Council of The Qatar Ruling Family Affairs.
“Fascinated to see the evolution of blockchain technology with new features like quantum-resistant security and multi-language smart contracts.”
Patrick Storchenegger, Board Member of Ethereum Foundation.
“The moment we have been eagerly anticipating has finally arrived! Now, we can begin our solution development journey hand-in-hand with QANplatform. Looking forward to a remarkable collaboration.”
Arpad Pikethy, Technology Partner Sales at IBM Hungary.
“The quantum threat is a real issue that can’t be neglected by the web3 community. I’m happy to see that the QAN private blockchain is addressing this issue. We are proud to be part of the celebration of the first milestone.”
Dyma Budorin, Co-Founder and CEO of Hacken.
“Excited to connect QANplatform with various industries in my professional network to implement blockchain technology to improve their internal processes.”
Gerold Pankl, Founder of Pankl Racing Systems.
“We are looking forward to building our first use cases on the QAN private blockchain that will add value to Alpine, starting with Alpine Esports.”
Guillaume Vergnas, Head of Esports, Gaming & Web3 at Alpine.
Summary
QANplatform has launched the world’s first quantum-resistant private blockchain, compatible with Ethereum’s EVM, and allows developers to code smart contracts in any programming language. This new blockchain platform enhances security against potential quantum computer attacks and opens up the Web3 space to over 26 million new software developers, potentially reshaping the blockchain industry.
- QANplatform has launched the world’s first private blockchain that is quantum-resistant and compatible with Ethereum’s EVM.
- The platform allows developers to code smart contracts in any programming language, opening up the Web3 space to over 26 million new software developers.
- The National Institute of Standards and Technology (NIST) recommended primary post-quantum algorithm has been integrated into the QAN Private Blockchain, enhancing its security against potential quantum computer attacks.
- QANplatform is developing a hybrid blockchain, with the QAN Private Blockchain being the first step. The Public TestNet is expected to launch this autumn, followed by the QAN Public Blockchain’s release by late 2023.
- The QAN Virtual Machine (QVM) allows developers to write smart contracts in any Linux-Kernel-compatible programming language, a breakthrough for the blockchain ecosystem.
- QANplatform’s Rapid Cloud Platform Deployment feature enables developers to deploy the QAN private blockchain in less than 5 minutes to major cloud platforms.
- Johann Polecsak, Co-Founder and CTO of QANplatform, expressed pride in the team’s achievements and anticipation for showcasing the initial use cases of partners operating on the QAN Private Blockchain.
- Prior to the public launch, QANplatform held a partner event with support from esteemed partners including H.E. Sheikh Mansoor Bin Khalifa Al-Thani, Patrick Storchenegger, Arpad Pikethy, Dyma Budorin, Gerold Pankl, and Guillaume Vergnas.