QANplatform has raised $2.1 million in funding from a number of venture capital investors. The investors include DeltaHub Capital, Insignius Capital, Fairum Ventures, and BlackDragon.
The company plans to use the funding for three key areas – product development, marketing, and liquidity providing on exchanges.
The company has developed a quantum-resistant platform that devs can use to create a range of tools. DeFi and dApps can be created on the QANplatform, and it can also be used for business processes.
Max Mucko, Partner at BlackDragon, commented on the investment,
“We are glad to contribute in this investment round and support QANplatform’s future growth. We see a lot of potentials not only because of the quantum-resistant cybersecurity but also for QAN’s other IPs like Proof-of-Randomness (PoR) consensus algorithm, rapid cloud platform deployment, or the upcoming multi-language smart contract development feature.”
QANplatform is Addressing a Potential Game Changer
QANplatform has created a platform that allows companies, or any development entity, to create a range of tools that can be easily integrated into a professional workflow. In addition, the architecture of the platform is quantum-resistant, which may become more important in the coming years.
Johann Polecsak, Co-Founder and CTO of QANplatform, told the media,
“Our key mission is to lower the entry barriers for developers so startups and enterprises can build their Proofs-of-Concept (PoC) and Minimum Viable Product (MVP) as fast as possible to reach mass adoption. We stick to this view and let only community-driven VCs invest in this strategic pool.”
There are many ways to use blockchain technology, but implementing a blockchain-based system in an existing company can be difficult. QANplatform has addressed this and given the dev community a solid foundation to create numerous real-world tools.
The Quantum Revolution is Here
While quantum computing might seem like an academic matter for many people, in the world of blockchain, it is a big deal. Most blockchain platforms rely on advanced encryption to make sure that private information stays private, but in a world where quantum computers are becoming a reality, these encryption systems are in danger of being compromised.
Quantum computers use sub-atomic physics to operate. It could seem odd to consider the sub-atomic world when it comes to blockchain, but these two areas are directly related. When the cryptography that allows blockchain-based platforms, like Bitcoin, to operate are compromised, the value of the system falls apart.
At the moment, quantum computers are still in their early stages, and blockchain platforms aren’t in any danger. This may change in the coming decades, and when quantum computing becomes more common, QANplatform will have the tools to help devs keep their decentralized applications safe.
Smaller Than an Atom
It is a crazy world in the realm of sub-atomic particles, and most people don’t really understand the fact that microprocessors are hitting a wall. The natural evolution of the industry will be quantum computers, although many people simply won’t need the advantages that quantum computers create.
People just want things to work – and that is fine. We don’t all need to be experts in advanced technology. However, for blockchain platforms to remain functional in a world of quantum computers, companies like QANplatform are very necessary.
The money that QANplatform just raised is likely the start of bigger things to come. In addition to helping companies leverage blockchain technology to ramp efficiency and security, QANplatform is thinking ahead and has created an architecture that should be viable for many years to come.
To learn more about QANplatform, just click here. The platform has a lot to offer both devs and companies that want to use blockchain, and need an easy-to-use development platform!
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