Arqit Quantum, Traxpay sign contract to deliver secure trade finance

Arqit Quantum signed a contract with Traxpay to deliver quantum-safe digital finance instruments, enabling supply chain actors to conduct business more efficiently and securely in the new digital trade era. Deployed directly into Traxpay’s supply chain financing platform which has processed over EUR 65bn of supply chain finance assets to date, Arqit’s TradeSecure service uses distributed ledger technology to provide customers with referenceable digital finance instruments, which are easier to manage than paper-based alternatives, unique, transferable and invariable. Arqit’s symmetric key agreement software, QuantumCloud provides provable quantum-safe security for Traxpay’s customers, protecting them from current and future cyber threats.