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PANews, citing Decrypt, reported that nine blockchain-related organizations have established the Quantum Alliance, intending to develop quantum-ready open standards and migration compatibility rules, and to establish working groups to advance related work.
9 crypto companies announced the formation of the Quantum Alliance, which plans to develop post-quantum security standards and migration guidelines for blockchains. The alliance estimates that approximately 6400000 BTC public keys have been exposed, but current quantum computers cannot yet break the relevant cryptographic systems.
The post-quantum security infrastructure company Project Eleven September 30 acquired Riva Labs, with the amount undisclosed. Riva's technology and intellectual property will be integrated into Project Eleven.