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NetworkNewsBreaks – BANKEX Partners with Other Industry Leaders to Produce a Quantum-resistant Cryptographic Protocol

Company: BANKEX
Category: News

BANKEX, a company developing the Proof-of-Asset Protocol to bring Banking-as-a-Service (BaaS) product modules and blockchain together, has partnered with researchers at University of Waterloo, InfoSec Global and the Institute for Quantum Computing to develop a cutting-edge quantum-resistant cryptographic protocol. This technology may be a critical component of cybersecurity for the future of universal quantum computing as the first quantum-resistant, password-authenticated key exchange based on supersingular elliptic curve isogenies that can ensure security, even in a quantum environment. Based on an updated Password-Authenticated Key Exchange (“PAKE”) by BANKEX and its partners, the newly-developed protocol uses a password to generate functions that obscure auxiliary points used in the computation. To make this protocol accessible as the basis to make further advances in cryptography, the discoveries made by BANKEX, University of Waterloo, InfoSec Global, evolutionQ and the Institute for Quantum Computing have been recorded in an academic article posted on the International Association for Cryptologic Research.

To view the full press release, visit http://nnw.fm/KY3zW

ABOUT BANKEX

BANKEX is a global top-20 fintech company developing the Proof-of-Asset Protocol to bring Banking-as-a-Service (BaaS) product modules and blockchain together to enable digitization, tokenization, and exchange of assets for the full development of a tokenized global ecosystem. BANKEX infrastructure services and technologies include STO framework, Custody Service, BANKEX Token Exchange, Ethereum Plasma Prime and Supply Chain, Digital Deal on Ethereum blockchain. For more information, please visit https://bankex.com.

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