Following in the footsteps of these tech giants, winners in previous years, we’re thrilled that QuintessenceLabs was one of the trailblazing companies awarded the prestigious title this year by the WEF. We were selected for our significant contributions in the field of data protection, helping companies get ready for quantum computing, which will seriously challenge existing data security approaches.
The companies that make up 2018’s Tech Pioneers span the globe, and were chosen based on three criteria: innovation, impact and leadership. Each earned their place because of their innovative breakthroughs that disrupt the status quo and offer creative solutions to a broad spectrum of global challenges. Fulvia Montresor of the World Economic Forum highlighted the winners’ abilities to “transform society and industry” and “shape the Fourth Industrial Revolution.”
The World Economic Forum’s 2018 Risk Report noted that cybersecurity risks are growing, both in their prevalence and their disruptive potential, placing them as the third most likely global risk behind “Natural Disasters” and “Extreme Weather Events.” This problem will likely worsen in the years ahead as quantum computers, which will yield significant benefits in the field of medicine, communications and beyond, will also threaten the foundation of today’s cybersecurity. The security of protocols used to exchange encryption keys will not withstand a commercial-scale quantum computer, and the risks for global trade, communications and national security cannot be understated.
Our mission at QuintessenceLabs is to combine the power of quantum science with advanced security capabilities to secure our world. Our solutions include the leading commercial quantum random number generator, an advanced encryption key and security policy manager, and “virtual zeroization” solutions for securing sensitive data in uncontrolled environments. We are also a leader in the development of quantum key distribution technology.
Following this news, our founder and CEO Vikram Sharma will be participating in the World Economic Forum Annual Meeting of the New Champions. The meeting will be held in Tianjin, China from September 18-20. Many of the Pioneers will also be invited to attend the World Economic Forum’s Annual Meeting in Davos in 2019, as well as contributing to Forum initiatives over the next two years.
Together, the World Economic Forum Tech Pioneers can change the world for the better over the coming years. Our new relationship with the WEF will allow QuintessenceLabs to collaborate with innovative businesses and individuals from across the globe – we look forward to keeping you updated on our journey.