Paraguay Bank Launches First Quantum-Safe System

Paraguay’s largest bank, Ueno Bank, has become the world’s first bank to implement a quantum-resistant cybersecurity system to protect its digitally signed documents and digital operations. Serving more than 2.2 million customers, the bank is adopting SignQuantum’s quantum-resistant digital signatures along with QANplatform’s quantum-resistant blockchain technology.

Quantum Security Era in Banking

It is well known that some cryptographic algorithms that are extremely difficult for classical computers to break can be cracked within seconds by quantum computers. This creates serious risks for the legal validity of digital signatures and e-documents. The U.S. National Institute of Standards and Technology (NIST) recommends adopting post-quantum cryptography before 2030.

With SignQuantum, Ueno Bank ensures the integrity and authenticity of its signed documents. At the same time, through QANplatform, the hash values of these documents are securely recorded with post-quantum signatures. This approach protects data against any form of tampering, while enabling tamper-proof, mathematically verifiable timestamps without relying on a third-party timestamp authority.

Ueno Bank is officially recognized as the first bank worldwide to deploy this combination at a production scale. Starting with the documents that form the backbone of its daily business operations, the bank has chosen to enhance its existing e-signature workflows with post-quantum digital signature technology from SignQuantum.

You Might Also Like;

• We Selected 10 Series Similar to Stranger Things for Those Who Love It
• Where and How is Silver Used in Electric Vehicles?
• Hyundai Unveils Its Multi-Purpose Wheeled Robot