SpeQtral is transforming the world’s networks for the quantum revolution by developing and deploying space-based quantum networks for global delivery of secure encryption keys.
Quantum computing technology is advancing rapidly, creating a problem for secure communications that rely on the supposed mathematical complexity of asymmetric encryption keys.
SpeQtral seeks to leverage quantum technologies to offer cheaper, more secure, and more scalable solutions for distributing symmetric encryption keys using satellites as trusted key exchanging nodes.
Outside of the Chinese government, no entity has developed a space-based QKD solution for secure communication. There are competitors with ground-based solutions but space-based methods, like those developed by SpeQtral, are more secure and offer better performance.
It is estimated that cyber-attacks cost the US economy $100bn annually. With quantum computing technology advancing rapidly and current encryption methods becoming obsolete, this figure could increase without a scalable solution like the one SpeQtral is developing.