According to Cisco there will be 500 billion devices connected to the Internet by 2030. Despite this huge potential, growth is hampered by user fears of inadequate security. The biggest quoted barrier to IoT growth in businesses is security, and with good reason. IoT devices are often the weakest point in any network and the estimated economic cost of IoT attacks to the top five European economies is €3.8 billion each year.
There is an urgent industry need for a robust, end-to-end security solution that can uniquely identify IoT devices and handle the major challenges in registering and managing billions of IoT devices. In response to this need, Crypto Quantique has developed a unique Key Provisioning Architecture, underpinned by a true Physically Unclonable Function (PUF) that exploits the phenomenon of quantum tunnelling to generate unforgeable cryptographic keys to secure data communications. Together, these provide the most robust End-to-End security possible, eliminating user’s security fears and unlocking the latent potential in the IoT market.
Our technology can provide an unforgeable identity at the device level, elimination of costs associated with key injection and provisioning and bill of materials, and enable IOT enterprises to rapidly onboard and control their own devices via cloud service providers.
Our solution is:
- Fully integrated and end-to-end (Key Provisioning Architecture + hardware root of trust).
- The end-user runs their own security management – there is no need to devolve trust and security to third parties.
- Cloud platform, hardware and microcontroller independent.
By licensing our quantum PUF IP and monetising API calls to verify identity, we will create a €33M p.a. opportunity by 2025, creating 70 new European jobs.
