Norma, a quantum-safe solution company based in South Korea, developed post-quantum cryptography (PQC) technology called Q Care Connect Series to ensure that digital security will be able to meet the evolving security needs of organizations.
According to Norma, quantum computing represents a significant breakthrough in computing speed. Citing earlier reports, the company said in 2019, Google’s quantum computer was reported to be 158 million times faster than the world’s fastest supercomputer.
Norma’s Q Care Connect series is designed to seamlessly integrate with existing network infrastructures, making it compatible with various IoT (Internet of Things) devices in smart homes and work environments. The post-quantum cryptography (PQC) technology offered by Q Care Connect ensures the future-proof protection of these devices.
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HDC Labs, a smart building solution company in South Korea, is already utilizing this technology suite.
Norma was able to showcase its technology during the Asia Quantum.Tech Seminar in Singapore, where it was the only Korean cybersecurity company invited to deliver a presentation on breaking RSA cryptography using quantum computing algorithms.
Director Shin Dong-geol demonstrated the vulnerabilities of current encryption protocols by successfully compromising 14-bit RSA encryption in just two hours within a quantum computing environment.
Founded in 2011 by Jung Hyun-Chul, who has a Ph.D. in Computer Engineering from Korea University, Norma has secured $15 million in funding to date. The company operates its primary research facility in Seoul while expanding its global presence with five branches located in South Korea, the United States, Europe, Hong Kong, and China.
Quoting a study by Fortune Business Insights, Norma said the quantum computing market is projected to grow from $712.2 million in 2022 to $4,758.0 million by 2029, with a compound annual growth rate (CAGR) of 31.2%. According to Norma, South Korea has allocated over $51 million to develop core quantum computing technologies and enhance its next-generation ICT capabilities.
Categories: Quantum Computing
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