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://ccw.fm/v7dsZ
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.
More from CryptoNewsBreaks
About CryptoCurrency Wire (“CCW”)
CryptoCurrency Wire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with CCW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness.
To receive instant SMS alerts, text CRYPTO to 77948
CryptoCurrency News Wire is where News, content and information converge via Crypto.
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrency Wire (CCW) website applicable to all content provided by CCW, wherever published or re-published: http://CCW.fm/Disclaimer
CryptoCurrency Wire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.418.1217 Office
Editor@CryptoCurrencyWire.com