Seoul, South Korea, Sept 3rd , 2024: HappyBridge, a leading developer of blockchain and financial solutions, has entered into a strategic partnership with Quranium, the world’s first hybrid quantum-proof Digital Ledger Technology (DLT) infrastructure.
HappyBridge, together with KT, introduced the world’s first blockchain wallet using quantum communication technology in 2021. HappyBridge launched qWallet to commercialize this innovation and filed a patent for its proprietary Quantum Key Distribution-based (QKD) security technology, which is renowned for being unhackable. HappyBridge was subsequently selected as KT’s first financial cloud partner, and by integrating this technology into its PG solution, received approval from the Financial Supervisory Service of Korea.
HappyBridge actively supports the domestic blockchain industry by developing mnemonic security solutions and a Layer 1 mainnet. In 2023, the company collaborated with major exchanges like Binance, Bybit, and OKX on projects to commercialize exchange APIs. HappyBridge also has a quantum network device that Quranium could co-develop for security networks in the IoT and autonomous driving mobility industries.
Quranium is at the forefront of securing digital transactions with its state-of-the-art quantum-proof hybrid digital ledger technology platform. By seamlessly integrating the robust security of Proof of Work (PoW) blockchain with the scalable and innovative Proof of Respect (PoR) BlockDAG architecture, Quranium addresses the blockchain trilemma—scalability, security, and decentralization—without compromise. The Quranium infrastructure is engineered for high throughput and secure transactions, paving the way for the future of quantum-secure communications and applications.
The partnership will see HappyBridge co-developing quantum-proof security services utilizing Quranium’s global infrastructure and network, and will enhance HappyBridge’s security offerings and expand its technological capabilities globally. The partnership demonstrates Quranium’s commitment to commercializing advanced technology and infrastructure, and to setting new standards for cybersecurity in the post-quantum era.
Regarding the partnership, Jung Un Kim, Head of Research at HappyBridge, stated: “Quranium is leading various initiatives in quantum computing, a field considered to be a key industry of the future. The combination of Web3 and quantum technology will change the future, and both companies have high expectations for this partnership. Through technological collaboration, this partnership will serve as a stepping stone for both companies to expand their quantum technologies globally.” He added, “Further research will continue to ensure synergy between our technological infrastructures, and we will spare no effort in supporting numerous domestic and international teams to share the quantum blockchain ecosystem.”
Kapil Dhiman, CEO and Co-founder of Quranium, commented: “Our partnership with HappyBridge represents a significant milestone for Quranium. By combining our quantum-proof security technology with HappyBridge’s innovative blockchain solutions, we are poised to set new standards in cybersecurity for the post-quantum era. Together, we will drive forward the integration of quantum computing and blockchain technology, providing unparalleled security and scalability.”
Notes to editors:
For more information, please visit Quranium’s website and HappyBridge’s website.
Contact:
Claire Cairns
VP of Communications, Quranium
About Quranium
Quranium is a pioneer in quantum-secure distributed ledger technology, dedicated to making the digital world safer, scalable, and decentralized.
For more information, please visit: www.quranium.com
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<p>The post HappyBridge and Quranium Partner to Achieve Quantum Leap in Technology first appeared on Plato AiStream V2.1.</p>