Chunk Works Partners with ROM InWest to Secure Quantum-Safe Future
Netherlands, Monday, 5 August 2024.
Data security firm Chunk Works collaborates with ROM InWest for guidance on market entry. Their innovative software, designed to protect against quantum computer threats, automatically splits, encrypts, and distributes data across platforms, offering a flexible and future-proof security solution.
The Innovation at the Core
Chunk Works has developed a groundbreaking data security software that addresses the looming threat of quantum computing. Traditional encryption methods are vulnerable to the immense computational power of quantum computers, which can potentially decrypt data at unprecedented speeds. To counter this, Chunk Works’ solution automatically splits, encrypts, and distributes data across various platforms. This method ensures that even if hackers intercept some data, they cannot reconstruct the entire dataset, thereby safeguarding sensitive information.
Crypto Agility: A Strategic Advantage
One of the standout features of Chunk Works’ software is its ‘crypto agility’. This capability allows the software to swiftly switch encryption algorithms in response to emerging threats. By not being tied to a single cryptographic method, it can adapt to new vulnerabilities and ensure data remains secure. This flexibility is crucial as the cybersecurity landscape continuously evolves, particularly with the advent of quantum technology.
Real-World Applications and Success
The software has already been successfully tested with a client, demonstrating its effectiveness in protecting critical data such as intellectual property (IP), contracts, and customer information. Co-founder Stan Scharnigg highlighted the importance of this innovation, emphasizing that their solution provides quantum-safe storage, crucial for industries vulnerable to cyber-attacks, such as banking and utilities.
Partnership with ROM InWest
ROM InWest, a business development organization, has been instrumental in guiding Chunk Works through its final stages before market entry. Senior Business Developer Jorn Eiting van Liempt has provided critical advice, helping the company avoid common pitfalls and scale effectively. This partnership underscores the societal impact of Chunk Works’ technology, particularly in protecting critical infrastructure from cyber threats.
Expert Guidance and Future Plans
Chunk Works’ advisory board includes seasoned cybersecurity experts Martijn Hakstege and Mathijs Valk, who bring invaluable insights to the table. Co-founder Dennis Schouten advises other tech entrepreneurs to establish similar advisory boards. The company is now focused on refining its solution into a ‘one size fits all’ product, aiming to make advanced data security accessible to organizations of all sizes.
The Broader Context of Data Security
The collaboration between Chunk Works and ROM InWest is part of a broader trend in the cybersecurity industry. For instance, Accenture and SandboxAQ have also expanded their partnership to enhance enterprise data encryption against quantum threats[3]. These developments highlight the increasing recognition of quantum computing as a significant future threat and the need for innovative solutions to address it.