National Institute of Standards and Technology (NIST)
(Photo : National Institute of Standards and Technology (NIST) )

Lately, there has been a substantial amount of research on quantum computers - machines that utilize quantum mechanical phenomena to solve complex mathematical problems that conventional computers cannot. Unfortunately, these large-scale computers have the potential to break many of the public-key cryptosystems currently in use, with the potential to bring about the 'cryptopocalypse'. 

Researchers have been aware of the power of quantum computing for decades, and the National Institute of Standards and Technology (NIST) is now leading the drive for post-quantum cryptography with its rollout of new encryption standards

"Quantum computing is still in the experimental phase, but the results have already made it clear it can solve the same mathematical problems instantaneously. Increasing the size of the keys won't help, either, since Shor's algorithm, a quantum-computing technique developed in 1994 by American mathematician Peter Shor, works orders of magnitude faster in solving integer factorization and discrete logarithmic problems." said the article by Ars Technica. 

A recent announcement from the Whitehouse also declared that every branch is required to move on to quantum-resistant encryption, clearly outlining the urgency of this issue.

Crown Sterling, having recognized this problem in advance, is pioneering the space for quantum-resistant encryption protocols. 

Crown Sterling believes in Personal Data Sovereignty, where users have complete control, claim, and privacy of their data with no ambiguity or loopholes. The project uses complex mathematical algorithms and their patented key compression technology to successfully use One-Time Pad (OTP) encryption to create quantum-proof products to protect its users' data. As an information theory-based encryption method, OTP does not depend on assumptions about the computational resources of an attacker (and therefore is quantum-resistant), in contrast to conventional encryption protocols relying on prime numbers and number theory. Instead, Crown Sterling's encryption products employ irrational numbers and machine-learning algorithms to overcome this vulnerability. The team has engineered a scalable utility for OTP, the only mathematically proven, unconditionally secure encryption algorithm.

"... there is a quantum-resistant solution: One-Time Pad encryption, which is viewed by cryptography experts as the most reliable method of data security. It is the world's standard, and will be available to the world through our platform in a key compression that is outstanding and practical." Robert E. Grant, CEO, and Founder of Crown Sterling, said at AIBC Asia.

In 2018, Robert published a way to predict Prime Numbers infinitely and accurately with a new type of number discovery called quasi-primes. He followed this with a novel cryptographic key compression patent that allows for the feasible use of CrownEncryptOTP, a product available in the Crown Sterling product suite.

Crown Sterling has already launched the Crown Sterling Chain, the world's first layer-1 blockchain implementing OTP's quantum-resistant cryptography and the Crown Sovereign Token (CSOV). The project also has its own "Data Bill of Rights," which establishes digital assets as the intangible personal property of consumers under existing laws and protections in the United States, acting as the genesis block for the blockchain. 

CSOV is the blockchain's native token. It allows users to participate in product offerings, including quantum-resistant cryptography, NFTs, and a variety of products that Crown Sterling will be coming out with in the near future. The team is also developing a layer-2 security solution to offer its encryption protocols to other blockchains. 

Nobody knows when quantum computers will be available, but there is understandable urgency to find solutions and move to PQC as quickly as possible. Furthermore, with the decentralization of the web and the Web3 era, data sovereignty has become a sought-after feature in any new ecosystem. 

Crown Sterling grants users complete control of data to those who created it, ushering in a transformation in how data is stored and handled. Moreover, with more regulatory bodies recognizing the need for quantum-resistant encryption to protect the data of individuals, Crown Sterling is spearheading the path to this cryptographic revolution. 

ⓒ 2024 TECHTIMES.com All rights reserved. Do not reproduce without permission.
* This is a contributed article and this content does not necessarily represent the views of techtimes.com
Join the Discussion