en.Wedoany.com Reported - ITCEN Global and BTQ Technologies have signed a strategic cooperation agreement to jointly explore the next-generation quantum security market.
On the 24th, ITCEN Global signed a strategic business agreement (MOU) with BTQ to build post-quantum cryptography (PQC) and quantum-secure infrastructure. PQC is a cryptographic technology that remains unbreakable even with the computing power of quantum computers; quantum security refers to a level of security that can protect data even under attacks from quantum computers.
BTQ is a Nasdaq-listed global quantum technology company specializing in applying post-quantum cryptography and hardware-based security technologies to fields such as finance, telecommunications, logistics, and digital infrastructure.
The two parties have clearly defined their respective roles in technology and market development. BTQ will provide core quantum cryptography technologies, while ITCEN Global will leverage its business experience and customer network accumulated in the public sector, finance, cloud, and artificial intelligence fields to adapt these technologies for the South Korean domestic market.
ITCEN PNS, a subsidiary of the ITCEN Group, will also join the collaboration. ITCEN PNS has deployment experience in the public and financial sectors in network security, endpoint security (terminal devices connected to networks such as PCs and smartphones), authentication, and comprehensive security services. The plan is to combine BTQ's quantum cryptography technology with ITCEN PNS's security solutions and deployment expertise to take a leading position in the South Korean quantum security market.
The primary application areas for both parties include financial networks, digital identity authentication, biometrics, blockchain and Web3 (a decentralized internet ecosystem that returns data ownership to individuals), public systems, and enterprise information technology (IT) infrastructure. In the mid to long term, the business will expand to include real-world asset tokenization (RWA, a technology that converts physical assets such as real estate and bonds into blockchain-based digital assets), stablecoins (virtual assets pegged to the value of physical assets like the US dollar or South Korean won), and AI data center infrastructure. The scope of cooperation is also planned to gradually extend to highly secure fields such as national defense and military, satellite communications, and aerospace.
BTQ Chief Strategy Officer (CSO) Choi Young-seok stated, "South Korea is one of the core markets driving the fastest transition to quantum-secure infrastructure. We will take the lead in building highly reliable quantum security technologies that can perfectly protect financial and public sectors, as well as national core systems."
The background of this agreement is a global paradigm shift in security. Quantum computers can theoretically break existing public-key cryptography systems (current encryption methods based on mathematical problems, such as RSA and elliptic curve cryptography). In response, the U.S. National Institute of Standards and Technology (NIST) has officially initiated the standardization of post-quantum cryptography, and governments worldwide are promoting the quantum security transition as a national strategy.
A representative from ITCEN Global commented, "We will mobilize the proven technological capabilities of the group's subsidiaries in the public and financial sectors to rapidly expand the quantum security landscape into high-value-added new industries such as national defense and military, aerospace, and AI data centers."
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