QANplatform’s 2023: A Remarkable Year in Review

As we are approaching the end of an extraordinary year for QANplatform, we are filled with pride and gratitude for the incredible journey we’ve embarked upon together. We are honored to share the remarkable story of our collective achievements in the past twelve months.

This year has been a testament to the resilience and determination that define our team. We faced a significant challenge early on with a bridge wallet attack that disrupted our operations. It was a tough period, but QANplatform compensated fairly everyone and it only fueled our determination to overcome obstacles and come back stronger. We are proud to say that we not only recovered but soared to new heights, showcasing the unwavering spirit of the QANplatform team.

One of the most significant milestones this year was the successful launch of the world’s first multi-language and quantum-resistant enterprise blockchain platform. This achievement reinforces our commitment to staying at the forefront of technological innovation, ensuring that our solutions are not only cutting-edge but also future-proof in the face of the emerging quantum threat.

Alpine Esports from the Renault Group signed QANplatform as its Official Blockchain Partner. Our dedication to excellence was further highlighted at the prestigious F1 Grand Prix, where we hosted a partner event that showcased our incredible network. We are proud to have joined forces with esteemed partners such as MBK Holding, IBM, Alpine Esports from the Renault Group, Hacken, and Patrick Storchenegger from the Ethereum Foundation. These partnerships represent the collaborative effort required to drive meaningful change in the blockchain and quantum computing space.

In a testament to our vision and potential, we successfully closed a $15 million venture capital deal with MBK Holding which is owned by H.E. Sheikh Mansoor Bin Khalifa Al-Thani a member of the Qatari ruling family, formerly served for a decade as the director of information technology for The Council of The Qatar Ruling Family Affairs. This VC deal and partnership will empower us to accelerate our growth, invest in research and development, and solidify our position as a leader in the industry.

This collaboration with MBK Holding goes beyond mere just a simple VC deal. It provides a unique opportunity to open up possibilities for use cases within MBK Holding’s portfolio companies. The synergy between our technologies and their diverse portfolio promises to unlock new avenues and applications for blockchain technology across various industries.

Moreover, this partnership strategically positions QANplatform to enter emerging markets in Qatar, Saudi Arabia, United Arab Emirates, and Turkey. These countries are at the forefront of planning to test and implement blockchain technology, presenting an opportune moment for QANplatform to contribute its innovative solutions. The timing aligns perfectly with the growing interest in blockchain adoption in these regions, further solidifying our role as pioneers in the industry.

Recognition from industry leaders continued to pour in as QANplatform was selected as one of the ten startups to participate in the Ernst & Young Global Startup Academy, standing out among hundreds of promising startups. Furthermore, being selected for the WebSummit Startup Program and exhibiting at the largest technology conference in Europe provided us with a unique opportunity to showcase our platform to a global audience, opening doors to new opportunities and collaborations.

Our journey took us to Singapore, where we participated in Token2049, connecting with leaders in the web3 space and forging partnerships with market-leading enterprises. This expansion of our network is a testament to the global impact and relevance of the solutions we are crafting at QANplatform.

We expanded our horizons by signing partnerships with leading cybersecurity audit companies in their respective regions. Notably, we partnered with Hacken from Europe and Beosin from Asia, strengthening our global network and ensuring the security and integrity of our platform and ecosystem.

In our commitment to decentralization, as preparation for the Mainnet launch, the project and partners revised our tokenomics and decreased the previous more than 3.3 billion total supply to 2.2 billion QANX. This strategic move underscores our dedication to creating a robust and sustainable ecosystem.

We also unveiled LibreScan, one of the first open-source decentralized blockchain explorers. This tool, a gift to the web3 community, will serve as the explorer for QAN. While currently more geared towards hardcore developers, we have plans to make it more user-friendly in the near future.

Looking forward, we are excited to announce that we will launch the public testnet no later than spring 2024. This marks a significant step towards the Mainnet launch, and we will start onboarding projects to join us on this transformative journey.

We are actively working on the first use cases in parallel to test our platform from the customer’s point of view. This approach not only validates the technology but also paves the way for onboarding larger enterprises from various industries and projects that have successfully operated on private blockchains, demonstrating the seamless transition to the public blockchain when we launch.

The timing presents a great opportunity for QANplatform to enter the market and reshape the web3 landscape.

In the realm of quantum threats, IBM’s release of a 1000+ qubits quantum computer is a notable development. While the number of qubits is sufficient to break today’s encryption, the stability of qubits remains a question. Governments are already preparing for the quantum threat, and it’s imperative for web3 projects to initiate their migration processes or run processes in parallel on a quantum-resistant blockchain.

Switching gears to blockchain technology, more governments are testing its potential as the operating system for digital currencies and various public sector processes. Recognizing the issues of existing platforms, such as high-entry barriers, lack of hybrid infrastructures, and the inability of L2 solutions to address underlying L1 infrastructure issues, positions QANplatform as a solution to these challenges.

As we reflect on these accomplishments, let us also acknowledge the dedication, hard work, and ingenuity of the entire QANplatform team. None of this would have been possible without the collaborative efforts of every individual who contributes their skills and passion to our shared vision.

Looking ahead, the technological opportunities before us are vast, and the challenges are formidable. But, armed with the lessons of the past and the strength of our community, we are confident that QANplatform will continue to lead the way in quantum-resistant blockchain technology.

Thank you to our partners, investors, community members, and most importantly, our team, for making this remarkable year possible. Here’s to a future filled with even greater achievements, innovation, and success.

Happy New Year, and let’s make 2024 another year to remember!