Plethori, a platform that offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains, today announced 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. Plus, this mutually beneficial collaboration will also see the inclusion of QANplatform’s token, QANX, in one of Plethori’s upcoming V1 ETFs.
“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.”
– COO at Plethori, Callum Mitchell-Clark
QANplatform + Plethori
The value of QANplatform’s quantum-resistant blockchain is that it provides security against the emerging threat to blockchain: quantum computing.
Blockchain ledgers are secure and unchangeable because they are decentralized. However, quantum computers function 100 million times faster than classical computers. Thus, blockchain is open to attack including vulnerable to hackers operating at speeds that can penetrate decentralized security.
“Source files of NFTs sold for thousands of dollars can be easily changed to memes by hackers. As like our NFT security solution, Plethori’s metadata and log info will be secured by the quantum-resistant QAN blockchain.”
– Johann Polecsak, Co-Founder & CTO at QANplatform