news TORONTO, ON / ACCESSWIRE / December 8, 2020 / 01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) (the "Company") one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, today announced that ixFintech is the first customer to successfully deploy IronCAP quantum-safe cryptographic technology to the Digital Asset Exchange Machine (DAEM) in Cyberport, Hong Kong (a government sponsored program). The work has been the result of a previous MOU with ixFintech to adopt IronCAP as their quantum computing security solution in the development of future technology solutions (see November 19, 2019 press release).
DeFi DAEM allows users to convert digital currencies like Bitcoin into cash (HKD) or to buy and sell the same using HKD. In the future, DeFi DAEM will also support the exchange of other digital currencies issued by the firm. The DAEM machine is equipped with patent-pending IronCAP post-quantum cybersecurity technology. Every transaction is tri-protected by quantum-safe network security, and time protected token (such as OTP). The Company has worked closely with ixFintech in implementing its post-quantum cybersecurity technology to DAEM which allows users to convert digital currencies like Bitcoin into government issued currency (fiat currency).
Andrew Cheung, President and CEO of 01 Communique, commented, "The infrastructure of blockchains and cryptocurrencies is very safe but their end-points are vulnerable to attack from quantum computers. This partnership with ixFintech is a significant milestone as we have created the world's very first DAEM that is safe against attacks from today's conventional computers, and future quantum computers, by deploying/implementing our IronCAP post-quantum cybersecurity engine."
Irene Wong, the founder and CEO of ixFintech Group, stated, "2020 marked the year for the Group to move into the DEFI space with the completion of DAEM and ixWallet. We are very grateful for the support of our partner, 01 Communique. Teams from IX and 01 Communique have been working hard together in the past few months to build the DAEM. We believe the new DAEM can satisfy the needs of both the market and the regulators, truly bridging traditional fiat finance and future digital finance."
About ixFintech and ixAsia