QRCrypto signs Strategic Partnership to enter Asian Market

The strategic partnership will explore integration of Quantum Resistant Cryptography (QRC) and other related technologies to supplement the G-CCS or Passwordless Blockchain Secure Authentication (BSA) products and solutions. “Our vision is to offer state of the art passwordless blockchain secure authentication to make the world a safer place. In today’s digital world, cybersecurity is always on top agenda of government, businesses and organizations. As a digital services solutions’ provider, we ensure Trust by promoting security and resilience through our patented Blockchain Secure Authentication technologies. This collaboration and partnership significantly demonstrate that FNSV is continuously developing advanced passwordless authentication solution to enable secure, fast, convenient and resilient with the integration with ITK.SWISS AG QRC and related technologies,” said Jeon Seungju, Group Chairman of FNSV.

“We are thrilled to explore the Korean and Malaysian markets with FNSV through provision of our Quantum-Resistant Cryptography as an enabler to take FNSV solutions to the post-quantum era, now,” added Stiepan Aurélien Kovac, CEO, ITK.SWISS AG and QRCrypto.

The Memorandum of Cooperation (MOC) was signed at the Centre International de Conférences (CICG), Geneva, Switzerland by Jeon Seungju, Group Chairman, FNSV and Thaib Mustafa, Director and Chief Operating Officer, FNS (M) Sdn Bhd on behalf of FNSV and Stiepan Aurélien Kovac, QRCrypto’s Chief Executive Officer, on behalf of ITK.SWISS Group. Also present at the Signing of MOC ceremony were Ryu Seong-chun, Chief Executive Officer, FNSV.

Eyes set beyond Asia

Through this partnership, FNSV and ITK.SWISS will jointly collaborate on the technology and business in Blockchain Security Authentication (BSA) solutions integration with ITK quantum-resistant cryptography and its applications, ranging from cyber-physical security to mobile payment and data protection. ITK’s subsidiary QRCrypto.ch, based in the Trust Valley, is offering Quantum-Resistant SIM cards, and QRC AAA LLC offer tailored solutions such as AAAMeet.in and its Devaaa mobile app, a state-of-the-art secure videoconference with best-of-breed privacy. FNSV offers the world’s first patented solution based on blockchain technology that does not require a password for authentication, simple to use, extremely secure and almost impenetrable solution represents the next step in securing online businesses.

Over the next months, both parties will work on the integration of their respective products. They also plan to explore the markets in Switzerland and Europe for passwordless blockchain secure authentication with quantum resistance cryptography. Before that, the QRCrypto team will be joining its partners in Malaysia before going to South Korea, where a hackathon will be organized to publicly invite hackers to try to crack their encryption. The Swiss cybersecurity startup is currently fundraising with the support of its partners.

(Press releas - ES)