Paraguay's Ueno Bank is implementing quantum-resistant technology to safeguard its financial data and e-signatures. The bank has partnered with QANplatform, a hybrid Layer 1 blockchain designed for post-quantum security, to integrate SignQuantum. This move enables Ueno Bank to enhance its e-signatures with quantum-safe signatures and anchor proofs on the QANplatform, ensuring verifiable and tamper-evident records that comply with NIST standards.
As quantum computing advances, the potential to compromise current cryptographic systems increases, prompting financial institutions to seek quantum-resistant solutions. Ueno Bank's adoption of these technologies highlights a growing trend towards securing digital records and workflows against future quantum threats.
Paraguay's Ueno Bank Adopts Quantum-Safe Blockchain Technology
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