- SQE has started a Series A funding round for a quantum secure blockchain business.
- The company’s offering is built on what they call, “Simulated Quantum Entanglement Technology.”
- The technology reportedly enables seamless communication between validator nodes, eliminating the need for vulnerable private-public key exchange over the internet.
SQE, a digital platform aimed at changing data security for individuals and businesses, has started a Series A funding round, according to Press conference. The company’s innovative approach is centered around a decentralized blockchain platform that offers superior sustainability and quantum-resistant features.
According to the release, the heart of SQE’s security offering lies in its Simulated Quantum Entanglement technology, which is currently pending patent approval. This new technology enables seamless communication between validator nodes, eliminating the need for vulnerable private-public key exchange over the internet. Additionally, SQE leverages a patent-pending Proof of Entanglement mechanism, replacing conventional verification methods.
By implementing this proprietary technology, SQE is able to keep costs low, with a transaction fee of $0.00002 per transaction. Additionally, the release states the platform achieves block finalization in less than a second, ensuring efficient and fast processing. Leveraging the semi-stable QueCredit (QUEC) token, SQE enables safe and rewarding transactions.
After a successful pre-seed fundraising phase, SQE has officially entered its Series A funding round and launched its newly launched website (https://www.sqe.io). Interested companies and individuals now have the opportunity to pre-register for the upcoming beta testing program.
The founding team behind SQE, led by CEO Hamid Pishdadian, along with co-founders Richard Genga and Akram Khalis, recognized the urgent need for a platform that is impervious to potential quantum computer threats. Pishdadian emphasized the vulnerabilities of current cryptographic algorithms, which could be compromised in as little as five years. He underlined SQE’s unique ability to protect against current and future threats.
“Many of the cryptographic algorithms used to secure information today are vulnerable,” said Hamid Pishdadian, CEO and founder of SQE. “It may only be five years before a quantum computer becomes available that can penetrate this defense. The technology behind SQE protects us not only from today’s threats, but also from tomorrow’s threats.”