Credissential Successfully Integrates Quantum Encryption into Antenna
Calgary, Alberta / February 6, 2024 – Credissential Inc. (“Credissential” or the “Company”) (CSE: WHIP) (OTC: IPTNF) (FSE: 9YZ), an integrated financial technology company focused on developing AI-powered software solutions, is pleased to announce an update on the Antenna platform (www.antennatransfer.io). As part of the Company’s ongoing commitment to future proofing its technology, Credissential has successfully integrated a quantum encryption layer into Antenna, ensuring the high levels of security for its users.
As part of its commitment to developing future proofed digital security, Credissential has successfully integrated a post-quantum encryption layer into Antenna. The post-quantum integration addresses the potential looming cybersecurity risks posed by quantum computing, ensuring that Antenna’s infrastructure remains resilient against emerging decryption capabilities.
Antenna, a secure payment and file transfer platform, now benefits from post-quantum cryptography, a forward-thinking safeguard designed to mitigate threats from quantum advancements. This advanced encryption layer enhances security for enterprises and individual users, protecting sensitive financial transactions and data transfers from sophisticated cyber threats, including those enabled by quantum computing breakthroughs.
“The integration of quantum-resistant encryption into Antenna marks a pivotal milestone for Credissential,” said Colin Frost, CEO of Credissential. “As blockchain adoption accelerates and financial institutions shift towards digital asset ecosystems, security vulnerabilities become increasingly critical. Our investment in quantum-resistant cryptography underscores our commitment to maintaining a secure and reliable platform that stays ahead of technological disruption.”
The Company views the rise of quantum computing presents both an opportunity and a challenge for global financial security. While quantum technologies may hold immense potential to revolutionize computation, they potentially simultaneously pose a significant risk to traditional encryption standards. Recognizing this, Credissential is proactively developing and implementing security measures into its product stack that are designed to withstand sophisticated quantum-enabled decryption attempts.
The Company continues to iterate on future development initiatives for the Antenna platform and is pleased with current consumer and enterprise interest in the intellectual property.
“The recent option agreement to license the Antenna IP is a strong validation of the value we are creating within our technology platform. Stated Colin Frost, CEO of Credissential. "This commercial relationship underscores the growing demand for innovative tools that can enhance communication, data collection, and customer engagement across various industries. It also demonstrates the commercial scalability of our solutions and highlights how strategically developed IP assets like Antenna can generate meaningful opportunities for both recurring revenue and new market expansion."
About Credissential
Credissential is an integrated financial technology company focused on developing AI-powered software solutions designed to enhance financial literacy, streamline transactions, and provide scalable, data-driven tools for consumers and businesses across multiple industries. The Company leverages artificial intelligence, blockchain technology, and innovative software platforms like Credissential, Dealerflow, and Antenna.
For more information about Credissential and other products from Credissential, visit www.credissential.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer Colin Frost
Head Office 2004 Sherwood Drive, Sherwood Park, AB T8A 0Z1
Telephone +1 (236) 513 4776
Email info@credissential.com
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Forward-Looking Information
Certain information in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward looking information. When used in this news release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release.
Forward-looking statements are inherently risky and the information and plans disclosed therein may not come to fruition as contemplated or at all. Forward-looking statements in this news release include, but are not limited to, the Antenna platform, the development roadmap plans and timelines, the expected development timeline for its product stack, including integration of new features and the future plans of the Company, business plans, objectives and strategy. Forward-looking statements are inherently risky and the information and plans disclosed therein may not come to fruition as contemplated or at all.
Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be found on SEDAR+ at www.sedarplus.ca.