Canton Network Hosts BOLTS Pilot to Secure $6T Assets Against Quantum Threats

Cybersecurity pioneer BOLTS has announced the launch of a pilot program to experiment with bringing quantum-resilience to the Canton Network, the blockchain for institutional finance.

The pilot will explore how QFlex — BOLTS quantum-resilient software product that addresses the complexities around fortifying blockchain networks against Q-Day — could potentially bring quantum-resistant transaction assurance to Canton Network.

Q-Day refers to a time in the future when a cryptographically relevant quantum computer (CRQC) overrides current cryptography using Shor‘s algorithm, thus jeopardizing digital safety. Canton Network is making post-quantum cryptography (PQS) a major focus since the EU’s introduction of PQS 2030 to ensure that systems are fortified against quantum attacks.

Processing over $4T in repos monthly, Canton Network has an extensive roster of institutional ecosystem participants and is a public, permissionless blockchain purpose-built for institutional finance. Commenting, Bernhard Elsner, Chief Product Officer of Digital Asset, said,

Also commenting, Yoon Auh, CEO of BOLTS, said:

Able to deliver cryptographic agility at the transaction level, QFlex empowers each asset owner to respond to new threats in real time on their next transaction, unlike existing static or hybrid-algo solutions. The product was built on the Structured Data Folding with Transmutations (SDFT) protocol, which gives it its superior performance.