Quantum-Secure Expansion Introduced by SignQuantum: An Additional Feature to Safeguard Electronic Signatures on Documents
In a significant stride towards securing the digital signature industry, SignQuantum, a member of MBK Holding, has unveiled a post-quantum cryptography solution. This innovative product aims to address the challenges of ensuring authenticity and securing immutable proof of timing for digital signatures.
SignQuantum, a product of Quantum Software Solutions, is a Qatari technology innovation and research lab. MBK Holding, an investment holding company founded by H.E. Sheikh Mansoor Bin Khalifa Al-Thani, a member of the Qatari ruling family, oversees the lab's operations.
The rise in the digital signature industry is due to increased digital transformation, growing regulatory compliance demands, and the widespread shift to remote-first operations. As a result, the need for secure and reliable digital signature solutions has become paramount.
SignQuantum's technology integrates seamlessly with leading e-signature software, utilizing the U.S. National Institute of Standards and Technology's (NIST) primary-recommended post-quantum digital signature algorithm. This algorithm is essential for maintaining the security of digitally signed documents in the face of emerging quantum computers.
To further bolster security, SignQuantum leverages the quantum-resistant blockchain technology of QANplatform for immutable time-stamping. QANplatform, a member of the Linux Foundation and one of the first 20 members of the Linux Foundation's Post-Quantum Cryptography Alliance (PQCA), provides a quantum-resistant blockchain infrastructure.
This infrastructure serves various entities, including startups, SMEs, enterprises, and large government infrastructure projects. QANplatform's flagship product is a revolutionary quantum-resistant hybrid blockchain platform with smart contract functionality.
The integration of QANplatform's technology into SignQuantum's solution provides two key benefits. First, QANplatform’s blockchain ensures that the creation of digital signatures can be recorded in an immutable manner, establishing a permanent and unalterable timestamp for when a document was signed. This safeguard against potential tampering in the future is vital.
Second, the blockchain technology provided by QANplatform is designed to be resistant to attacks from both classical and quantum computers. It utilizes cryptographic primitives such as lattice-based cryptography, which are believed to be secure against known quantum algorithms. This dual-layer security complements the NIST-recommended post-quantum cryptography algorithms used by SignQuantum to ensure the authenticity and integrity of digital signatures.
The solution integrates with existing e-signature software without requiring modifications to current processes or workflows. This means that organizations can transition into the post-quantum era without overhauling their existing workflows.
The product launch took place in Doha, Qatar, with Johann Polecsak, Co-founder and CTO of QANplatform, H.E. Sheikh Mansoor Bin Khalifa Al Thani, Founder and Chairman of MBK Holding, and Nazmath Nazeer, CEO of SignQuantum, in attendance.
It is worth noting that after 2030, NIST will begin to deprecate current digital signature algorithms, meaning those algorithms will be considered insecure and will be unsupported. NIST has urged public and private institutions to begin adopting quantum-resistant cryptography before 2030.
The digital signature industry is projected to grow from USD 10.80 billion in 2025 to USD 118.88 billion by 2032, with a compound annual growth rate (CAGR) of 40.9%. SignQuantum's post-quantum security add-on prevents quantum computers from modifying digitally signed documents, positioning the company well for this anticipated growth.
MBK Holding's focus extends to various regional markets, including Qatar, Saudi Arabia, the United Arab Emirates, Turkey, and the United Kingdom, while also encompassing other global opportunities. With the launch of SignQuantum's post-quantum cryptography solution, MBK Holding continues to demonstrate its commitment to investing in and fostering cutting-edge technology startups.
In conclusion, SignQuantum's post-quantum cryptography solution offers a significant step forward in ensuring the security and integrity of digital signatures. By integrating with leading e-signature software and leveraging the quantum-resistant blockchain technology of QANplatform, SignQuantum provides a robust and flexible solution that can be seamlessly integrated into existing workflows. As the digital signature industry continues to grow, SignQuantum is well-positioned to meet the increasing demand for secure and reliable digital signature solutions.
[1] "QANplatform: A Quantum-Resistant Hybrid Blockchain Platform for Post-Quantum Cryptography." Quantum Computing Report, 15 Mar. 2023, www.quantumcomputingreport.com.
[2] "Post-Quantum Cryptography Explained." NIST, 15 Mar. 2023, www.nist.gov.
- The crypto mining industry is propelled by the increasing digital transformation, growing regulatory compliance demands, and the widespread shift to remote-first operations, necessitating secure and reliable digital signature solutions.
- SignQuantum, a Qatari technology innovation, has unveiled a post-quantum cryptography solution that uses blockchain technology to secure digital signatures and maintain authenticity.
- In collaboration with QANplatform, a member of the Linux Foundation, SignQuantum's solution includes quantum-resistant blockchain technology for immutable time-stamping and dual-layer security, complementing NIST-recommended post-quantum cryptography algorithms.
- The integration of QANplatform's technology into SignQuantum's solution enables the recording of digital signatures in an immutable manner, safeguarding against potential tampering in the future, and ensures resistance against attacks from both classical and quantum computers.
- As the digital signature industry is expected to grow significantly in the coming years, SignQuantum's post-quantum security add-on, which prevents quantum computers from modifying digitally signed documents, positions the company well to meet the increasing demand for secure and reliable digital signature solutions.
