Issued on behalf of Scope Technologies Corp.
VANCOUVER – USA News Group News Commentary – The era of quantum computing is advancing at an unprecedented pace. In a major scientific breakthrough, researchers have introduced Aurora, a quantum computer capable of operating at room temperature—one of the most significant steps toward practical and scalable quantum technology. However, with progress comes risk, as experts warn of “Q-Day,” the moment when quantum computing falls into the wrong hands, potentially rendering traditional encryption obsolete. Europol, the multinational EU security agency, is already urging financial institutions and policymakers to accelerate the adoption of quantum-safe cryptography. As the technology edges closer to widespread adoption, investors are paying closer attention not just to quantum computing pioneers but also to those working to safeguard digital infrastructure from future threats. Key players in this evolving landscape include Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), D-Wave Quantum Inc. (NASDAQ: QBTS), Alphabet Inc. (Google) (NASDAQ: GOOG, GOOGL), Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF), and Intel Corporation (NASDAQ: INTC).
The article continued: A recent McKinsey report estimates that the economic impact of quantum technology could soar to $2 trillion by 2035. Recognizing the looming cybersecurity risks, NIST has already standardized a set of encryption algorithms designed to withstand quantum-powered cyberattacks. Now, the agency has introduced a secondary safeguard—an algorithm known as HQC, which will serve as an additional layer of defense should future quantum computers manage to compromise ML-KEM, the primary post-quantum encryption standard.
Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF), a pioneering technology company specializing in quantum security, today announced the signing of a strategic channel partnership agreement with COGITO, a premier software distributor with extensive reach across China and beyond. This partnership will accelerate the adoption of Scope’s flagship quantum security solutions, including QSE Group’s quantum-resistant data storage and entropy services, within the rapidly growing Chinese market.
COGITO, established in 2000, operates across China, Singapore, Hong Kong, America, and Australia. Collaborating with over 2,000 resellers and serving more than 40,000 users, COGITO’s client base spans enterprises, government agencies, and educational institutions. With a deep understanding of market needs and a robust operational team spanning sales, marketing, technology, and media operations, COGITO is uniquely positioned to drive substantial growth for QSE Group in the region.
“Partnering with COGITO marks a significant milestone in our global expansion strategy,” said James Young, CEO of Scope Technologies. “Their extensive reseller network and established market presence in China will provide a powerful platform to introduce QSE’s cutting-edge quantum security solutions to a broader client base. This partnership aligns with our vision to empower organizations worldwide with secure, scalable technologies that protect their data now and into the future.”
Through this partnership, COGITO will promote and sell QSE’s full suite of quantum security offerings, including decentralized cloud storage and Entropy-as-a-Service, ensuring businesses and institutions can safeguard their critical data assets against current and future cyber threats.
“We are excited to offer QSE’s advanced quantum security solutions to our extensive client network,” said a spokesperson for COGITO. “As we have observed increasing demand for data security solutions that are resilient against quantum threats, this partnership will enable us to meet those needs and deliver unmatched security to organizations throughout the region.”
Scope also recently made a big leap forward with its Quantum Preparedness Assessment (QPA) tool, when it announced that QPA is now fully integrated with a widely used risk management system, making it easier for businesses to evaluate and protect themselves against future cyber threats from quantum computing. Using AI-powered automation, this upgraded tool helps organizations quickly and accurately assess their risks, plan their security strategies, and stay ahead of potential quantum-based attacks.
“As quantum threats loom closer, businesses must act now to evaluate and strengthen their security infrastructure,” said Sean Prescott, Founder and CTO of Scope Technologies Corp. “Our AI-powered QPA, with full RMF integration, provides a seamless, data-driven approach to assessing and mitigating risks before it’s too late.”
As quantum computing advances, traditional encryption methods are becoming easier to break. One major concern is the “Harvest Now, Decrypt Later” (HNDL) strategy, where cybercriminals steal encrypted data today, knowing that future quantum computers will be able to decode it.
To help companies stay ahead, QSE Group, the quantum security division of Scope Technologies, has developed an AI-powered assessment tool that simplifies the process of evaluating quantum-related risks. This automated tool provides clear, actionable insights to help businesses protect their sensitive data and infrastructure—without requiring a large investment.
Scope’s upgraded Quantum Preparedness Assessment (QPA) offers key advantages, including full integration with widely used risk management frameworks. Prior to the QPA incorporation, Scope affirmed that its Quantum Security Entropy (QSE) platform is fully aligned with the U.S. Department of Health and Human Services’ (HHS) proposed updates to the HIPAA Security Rule. These updates are designed to strengthen protections for healthcare data against growing cybersecurity threats.
Shortly after this announcement, the company demonstrated strong market confidence in its progress by securing $2.8 million in new funding. This includes a $1.8 million private placement and a $1 million debt financing deal with its first enterprise-level client, First Majestic Silver. These funds are now available to support further growth and innovation.
CONTINUED… Read this and more news for Scope AI at: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
In other industry developments and happenings in the market include:
D-Wave Quantum Inc. (NASDAQ: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, recently announced it has achieved a major breakthrough in quantum computing, with a peer-reviewed study in Science confirming that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic material simulations. The study, Beyond-Classical Computation in Quantum Simulation, marks the first and only demonstration of quantum supremacy on a practical problem. In tests comparing D-Wave’s Advantage2™ prototype to the Frontier supercomputer at Oak Ridge National Laboratory, D-Wave’s system completed the most complex simulations in minutes—tasks that would take nearly a million years on the supercomputer while consuming more energy than the world’s annual electricity use.
“This is a remarkable day for quantum computing,” said Dr. Alan Baratz, CEO of D-Wave. “Our demonstration of quantum computational supremacy on a useful problem is an industry first. All other claims of quantum systems outperforming classical computers have been disputed or involved random number generation of no practical value. Our achievement shows, without question, that D-Wave’s annealing quantum computers are now capable of solving useful problems beyond the reach of the world’s most powerful supercomputers. We are thrilled that D-Wave customers can use this technology today to realize tangible value from annealing quantum computers.”
Alphabet Inc. (Google) (NASDAQ: GOOG, GOOGL), opened the year with big headlines as its 105-qubit Willow chip achieved major quantum milestones, and improving on earlier generations of Google’s quantum chips in several ways. Willow improves on previous versions with tunable qubits and couplers, enabling faster operations, lower error rates, and real-time hardware optimization. These tuners help correct variances in superconducting qubits, aligning them to reduce errors and enhance performance.
Shortly after the unveiling of Willow, Google’s CEO Sundar Pichai would go on to state that he foresees “useful” quantum computers in just 5-10 years time.
“The quantum moment reminds me of where AI was in the 2010s, when we were working on Google Brain and the early progress,” said Pichai, who is also CEO Alphabet Inc., at the World Governments Summit in Dubai in February. “The progress in quantum is palpably exciting.”
Quantum eMotion Corp. (QeM) (TSXV: QNC) (OTCQB: QNCCF) recently went international, by announcing the official inauguration of its new office in Irvine, California, expanding its presence into the USA. This came just a week after QeM announced it had closed its recent private placement raising a total proceeds of C$10 million.
Prior to that, QeM signed an MOU with Energy Plug Technologies Corp. to integrate cutting-edge quantum-based cybersecurity into energy storage and management solutions-ushering in a new era of secured energy infrastructure.
“Energy infrastructure is a prime target for cyber threats, and conventional security measures are no longer enough,” said Francis Bellido, CEO of QeM. “By embedding quantum encryption directly into energy management systems, we are setting a new standard for data protection in the energy sector.”
Intel Corporation (NASDAQ: INTC) signed an MOU with Japan’s National Institute of Advanced Industrial Science and Technology (AIST) back in February to strengthen their collaboration for the industrialization of quantum technology. AIST’s G-QuAT research center is partnering with Intel to combine its testbed and device manufacturing expertise with Intel’s advanced semiconductor processes to develop large-scale quantum computing. Their goal is to build a system with tens of thousands of qubits by the early 2030s. The collaboration will focus on optimizing materials, refining qubit integration, improving refrigeration for large-scale quantum systems, and advancing cryogenic electronics for qubit control.
Intel also would go on to back Israeli startup Quantum Machines which recently secured $170 million in funding. Founded in 2018, Quantum Machines develops hardware and software to help quantum computing manufacturers operate, control, and manage quantum processors. Their technology platform detects and corrects errors in real-time, enabling quantum computers to tackle complex problems in fields like drug discovery, cryptography, financial modeling, and engineering.
Article Source: https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
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