Disclaimer: This blog post was written when Quantum Xchange was focused on building and selling the first quantum network in the U.S.
We have since pivoted our business and product offering, with the invention of Phio Trusted Xchange (TX), a first-of-its-kind quantum-safe, out-of-band key delivery system. While our technology offering can support QKD deployments, we are not a quantum communications provider or reseller. Our quantum-safe key exchange supports quantum keys generated from any source(QRNG or QKD) protected by any method (all PQC key encapsulation algorithms).
Phio is the first and only quantum-secured network in the United States. It enables commercial enterprises and government agencies to securely transfer data between two entities over unlimited distances using the provably secure Quantum Key Distribution (QKD) method, providing the ultimate defense in keeping high-value assets safe both now and well into the future.
As we prepare to officially launch Phio and pass the first unbreakable quantum key along our secure network, we’re excited to share more about this groundbreaking event and the network itself.
Considering Phio’s unprecedented nature and what the impact it will have, we felt strongly that it should have a name that rose to the occasion while simultaneously representing the technology behind it: Phio combines the word “photon” with 1’s and 0’s, referencing the code on the keys.
CMO Stacey Sweeney further explains, “Phio is the first truly unbreakable key exchange for quantum encryption available to organizations in the United States, and we wanted the name to reflect the trailblazing nature of our product. It’s a short, simple word, rooted in technology.”
The Phio Advantage
Phio leverages the fundamental properties of quantum mechanics, specifically photons of light, to enable secure communications. It is unique in that it uses both QKD, as well as Quantum Xchangehange’s exclusive Trusted Node technology to extend the range of point-to-point QKD network transmissions every 100 kilometers.
“We are incredibly excited about the launch of Phio for commercial use,” says Quantum Xchangehange’s CEO and President John Prisco. “It has raised the bar for modern-day encryption and key exchange, especially now as we sit on the cusp of quantum computers becoming a reality. This technology is essential for every organization that needs unbreakable encryption to keep their mission-critical data safe over any transmission distance – from banking, critical infrastructure and health care organizations to telecommunications and government agencies. Considering that cybercrime costs the global economy $600 billion annually, we need to be able to safeguard our data now.”
The Phio network addresses three significant shortcomings inherent in modern-day encryption and key exchange, specifically:
- The ability for keys to be intercepted, corrupted or exposed during transmission.
- The imminent threat of quantum computers.
- Previous QKD transmission distance limitations
Advances in quantum computers give hackers access to machines powerful enough to crack even the toughest of standard internet security ciphers. Moreover, hostile actors are currently capturing encrypted data to be decrypted later, once quantum computers become available; and that availability is just on the horizon.
To learn more about Phio and the future of security realized today, visit QuantumXC.com or follow us on Twitter @Quantum_Xchange.
