Plethori Partners with Quantum-Resistant Hybrid Blockchain Platform — QANplatform

This post was originally published on Plethori

Jul 13 · 2 min read

Today, Plethori is thrilled to announce a new strategic partnership with the quantum-resistant blockchain platform, QANplatform. Through the partnership, Plethori will have the opportunity to test QAN’s metadata storage protocol and NFT protection system.

This mutually beneficial collaboration will also see the inclusion of QANplatform’s token, QANX, in one of Plethori’s upcoming V1 ETFs. For QAN, this will increase their exposure and expand their access to liquidity amongst Plethori’s strong community base.

The value of QANplatform’s quantum-resistant blockchain platform is that it provides security against a not too distant emerging threat to blockchain: quantum computing. Blockchain ledgers are secure and unchangeable because they are decentralized, but with quantum computers, which function 100 million times faster than classical computers, blockchain is open to attack, and potentially vulnerable to hackers operating at speeds that can penetrate decentralized security. By offloading Plethori’s metadata on the QAN platform, Plethori is taking an important step in securing its future.

Similarly, QAN will bring security to Plethori’s usage of NFT technology. Johann Polecsak, Co-Founder and CTO at QANplatform, says of this integration: “Nobody speaks about cybersecurity issues and pain points behind the NFT ecosystem. Source files of NFTs sold for thousands of dollars can be easily changed to memes by hackers.” On the general strategic partnership, he said: “As like our NFT security solution, Plethori’s metadata and log info will be secured by the Quantum-resistant QAN blockchain, in the future.“

COO at Plethori, Callum Mitchell-Clark commented: In this rapidly-evolving landscape it is crucial to always be looking 3 steps ahead and remaining at the forefront of innovation. Security of information and users’ funds is of paramount importance to the success of the Plethori ecosystem. With quantum computing now on the horizon, our most recent partnership with QANplatform will be crucial in maintaining the high levels of security that will soon be required.

About QANplatform

QANplatform is the Quantum-resistant hybrid blockchain platform. Build your software applications like DApps or DeFi and run business processes on blockchain. Deploy QANplatform to Amazon AWS or Linode Cloud Provider in 5 minutes.

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About Plethori

Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains. This service will allow investors to deposit capital and invest in a wide range of ETFs enabling investment into entire cryptocurrency industries such as insurance, oracles, NFTs, Derivatives, Polkadot ecosystem projects and many more.

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