Quantum Blockchain Technologies hard at work after filing new patent application
London, UK
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July 25, 2023 07:42 AM Eastern Daylight Time
Quantum Blockchain Technologies PLC (AIM:QBT) chairman and CEO Francesco Gardin speaks to Thomas Warner from Proactive after announcing the filing of a new patent application in the UK. Gardin explains that the innovation involves the application of AI techniques to predict blockchain behaviour, allowing them to pre-compute a block before its actual computation takes place.
With blockchain consisting of chains of blocks validating transactions, this advancement would enable the pre-computation of valuable data prior to the miners' race to close the block every 10 minutes. Gardin explained that this development could remove logical gates in a chip devoted to computation, potentially saving up to 8% of the circuits on the ASIC chip and reducing energy consumption.
He suggests that the company is continuing to leverage its accumulated knowledge to develop products and are in talks with North American partners. He also emphasises the expertise of their research team, particularly in the Sha 256 algorithm, putting them ahead in the field.
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