IN BRIEF: Quantum Blockchain Technologies resumes quantum research

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Quantum Blockchain Technologies PLC - London-based blockchain and cryptocurrency group - Announces its resumption of quantum research for cryptocurrency mining in partnership with a research team at Milan University. The company notes its proprietary SHA-256 algorithm, which it expects to aid with cryptographic hashing to mine cryptocurrency in the future. Says Francesco Gardin, QBT chief executive officer: ‘We are excited about the resumption of our quantum computing programme... allowing us to build directly on the work already completed and accelerate our progress.’ The company notes that while quantum computing is not yet capable of aiding with cryptocurrency mining, ‘QBT believes that early positioning and proprietary development in this field could provide a significant long-term competitive advantage.’

Current stock price: 0.36 pence in London on Friday

12-month change: down 47%

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