Yesterday, Quantum eMotion Corp (OTCMKTS:QNCCF) came on to the news cycle after it announced the launch of its Entropy as a Service product which had been code named QxEAAS. In this regard, it is perhaps important to get a better idea about what Entropy as a Service actually is.
On Thursday, QNCCF stock ended flat at $0.0566 with more than 18.51K shares, compared to volume of 12.34K shares. The stock moved within a range of $0.0566 – 0.0566 after opening trade at $0.0557.
It is a revolutionary new concept that entails a service providing supplying entropy on demand through a cloud network. In this context Entropy refers to the extent of uncertainty and randomness in a system. Such a service is often deemed beneficial in the world of cryptography, in which it is essential to generate random numbers for the purpose of creating cryptographic keys.
In order to provide the level of quality, Quantum eMotion Corp’s number generator named QRNG2 makes use of quantum electron number tunnel effect for the purpose of producing truly random numbers which cannot be predicted or correlated. The company had been successful in integrating its QRNG2 number generating system on to its QxEAAS and thereby came up with a potentially valuable Entropy as a Service product. The company’s CTO noted that the system also came with a number of safeguards so as to test for the quality and randomness of the system continuously.