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BTQ Announces Ecosystem Partnership With Cysic Over Keelung - A Zero-Knowledge Domain Specific Language for Fast, Private and Secure Applications


VANCOUVER, BC, Oct. 16, 2023 /PRNewswire/ - BTQ Technologies Corp. (the "Company" or "BTQ") (NEO: BTQ), a global quantum technology company focused on securing mission-critical networks, is pleased to announce its ecosystem partnership with Cysic, a leading provider of zero-knowledge proof hardware acceleration. The partnership is centered around Keelung, BTQ's recently released domain-specific language (DSL) for fast, private, and secure application development.

Keelung provides developers with the ability to create secure and reliable post-quantum zero-knowledge proofs without requiring specialized cryptography skills. It has been implemented in Haskell, enabling developers to produce high-level zero-knowledge proofs protected by Haskell's cutting-edge type system while leveraging Haskell's extensive ecosystem and tooling.

BTQ's partnership with Cysic will explore the integration of Keelung with Cysic's hardware acceleration solutions, offering end-users access to faster, more efficient, and more secure zero-knowledge proof generation. With Cysic's expertise in hardware acceleration and BTQ's focus on post-quantum zero-knowledge cryptography, the partnership aims to create a more open and inclusive zero-knowledge ecosystem that benefits all stakeholders.

Zero-knowledge protocols can be computationally expensive, especially when dealing with large amounts of data. This is where zero-knowledge hardware acceleration comes in. By offloading the computationally intensive parts of the zero-knowledge protocol to specialized hardware, the overall performance of the protocol can be greatly improved. In the context of a zero-knowledge programming language, zero-knowledge hardware acceleration can make it possible to write programs that rely heavily on zero-knowledge protocols, without suffering from slow execution times. This can be especially important in applications where security and privacy are critical, such as in financial transactions, healthcare data sharing, and other sensitive use cases.

Additionally, zero-knowledge hardware acceleration can improve the security of zero-knowledge protocols by reducing the risk of side-channel attacks, which are a common vulnerability in software implementations. By using specialized hardware, it is possible to create a secure and trusted execution environment for zero-knowledge protocols that is much more difficult to attack than a software-only implementation.

As a launch partner, Cysic brings a wealth of expertise to improve the performance and security of zero-knowledge proofs written in Keelung, making them more practical and effective for a wide range of applications.

"This partnership between BTQ and Cysic is a great example of the kind of collaboration that is necessary to push the boundaries of cryptography. With the integration of Cysic's hardware acceleration solutions, Keelung will become an even more powerful tool for developers looking to build secure, privacy-preserving applications that can stand up to the most advanced attacks," said Olivier Roussy-Newton, CEO of BTQ.

"Our partnership can lower the barrier of using zero-knowledge proof by providing a more developer-friendly DSL and a blazing fast proof generation process," said Xiong (Leo) Fan, co-founder of Cysic. "We anticipate that the prospect of fast proof generation will inspire developers to explore the potential of zero-knowledge technology, thereby expanding the range of possible zero-knowledge applications."

About Cysic

Cysic is at the forefront of cryptographic hardware innovations, pioneering the co-design of hardware and software solutions for enhanced privacy and security. With a specialized focus on Zero-Knowledge Proofs, Cysic's cutting-edge hardware is engineered to support all ZK schemes. Leveraging a unique instruction-set architecture, Cysic ensures seamless integration and optimal performance with leading Zero-Knowledge frontend tools. For more information, visit http://cysic.xyz/

About BTQ

BTQ was founded by a group of post-quantum cryptographers with an interest in addressing the urgent security threat posed by large-scale universal quantum computers. With the support of leading research institutes and universities, BTQ is combining software and hardware to safeguard critical networks using unique post-quantum services and solutions.

Connect with BTQ: Website | LinkedIn

ON BEHALF OF THE BOARD OF DIRECTORS

Olivier Roussy Newton
CEO, Chairman

Neither the NEO nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Forward Looking Information

Certain statements herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the business plans of the Company, including with respect to its research partnerships, and anticipated markets in which the Company may be listing its common shares. Forward-looking statements or information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking statements and information.

The Company has made numerous assumptions including among other things, assumptions about general business and economic conditions, the development of post-quantum algorithms and quantum vulnerabilities, and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information are based on assumptions and involve known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking statements or information. These factors include risks relating to: the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains); risks related to the direct and indirect impact of COVID-19 including, but not limited to, its impact on general economic conditions, the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE BTQ Technologies Corp.


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