01 Communique announces patent filing of its quantum-safe steganography technology aiming for NFTs, digital wallets, etc.
(AccessWire) 01Communique announced that it has filed an international patent application for its quantum-safe steganography technology which allows covert hiding of sensitive data in any ordinary digital media. This revolutionary technology can be applied to the market of NFTs, digital wallets, digital proof of ownership, etc. IQT-News shares the announcement below.
The ancient application of steganography technology is to “watermark”. Other applications include subliminal messages in media such as audio and video clips. What 01 has created is a quantum-safe steganography method to hide large amount of digital data in pictures, audio, or video clips utilizing the Company’s patent-protected IronCAPTM cryptographic technology.
“This is ground-breaking for the market of NFTs, digital wallets, digital proof of ownership, etc. For digital wallets, the current method is to use a series of random English words as the “seed” to re-create the private key in case of disaster recovery. The series of random English words is often kept on a piece of paper. Essentially the digital wallet will be stolen if that piece of paper is leaked out. It is lost forever if the paper is misplaced. This physical secure-paper is really an 18th century method applied in a 21st century world of decentralized finance (DeFi). Our innovative technology allows covert hiding of the private key in a media file such as a normal digital picture file taken during a family vacation (or a video or music file). Only the owner possessing the PIN can extract it. This means no more physical paper that can be misplaced or leaked. Users can make multiple copies of the “special family picture” and store in different places with the peace of mind that even a quantum computer is unable to extract the “hidden private key” without the PIN,” said Andrew Cheung, the President and CEO of 01 Communique.
01 plans to apply this latest patent-pending revolutionary technology to its recently announced quantum-safe blockchain project. <https://www.morningstar.com/news/accesswire/698803msn/01-communique-announces-patent-filing-of-its-quantum-safe-steganography-technology-aiming-for-nfts-digital-wallets-etc>
Sandra K. Helsel, Ph.D. has been researching and reporting on frontier technologies since 1990. She has her Ph.D. from the University of Arizona.