Canadian company Scope AI Corp. has announced that it has entered into a technology agreement with Ovryde Ltd. whereby Ovryde has agreed to transfer its ownership and rights relating to the delivery and application of quantum resilient entropy. Scope AI will pay Ovryde $400,000 on closing the transaction and issue Ovryde 2,800,000 common shares. The company said that quantum resilient entropy is an advanced security measure designed to protect data against the future threats posed by quantum computing.

Zero Point Cryogenics announced yesterday that it has graduated from the seed-stage accelerator program, the Creative Destruction Lab (CDL). The company said that it will leverage the wealth of knowledge and expertise gained from CDL to elevate our business and further advance our dilution refrigerators and cryogenic systems. It is understood that the CDL, launched in 2012 at the Rotman School of Management at the University of Toronto, specializes in incubating tech unicorns.

Canadian quantum computing company D-Wave Quantum has recently expanded a quantum education training program with the Canadian Quantum Algorithm Institute (QAI) . The program aims to give Canadian students and researchers at post-secondary institutions access to the Leap quantum cloud service to facilitate the development of quantum applications. D-Wave said that the program has already shown great success in creating a quantum-ready workforce. To date, students have already submitted nearly 5000 problems to the Leap quantum cloud service.

Quantum eMotion, a developer of quantum security solutions, announced yesterday that it has developed an advanced hardware wallet technology tailored for the cryptocurrency industry. This cutting-edge solution offers a low footprint and competitive cost, incorporating Quantum eMotion's Quantum Random Number Generation (QRNG) and intelligent key generation scheme selection technologies into new commercial applications. This new hardware wallet technology aims to enhance the efficiency and cost-effectiveness of hierarchical deterministic (HD) wallets. 

Canadian researchers from the Institute for Quantum Computing (IQC) recently released a modular open-source Quantum Key Distribution (QKD) software package on GitHub. It allows users to model realistic QKD protocols and calculate the generation rate for secure quantum keys using user-submitted variables for real-world scenarios. 

D-Wave Quantum announced that Jagrup Brar, B.C. Minister of State for Trade and MLA for Surrey-Fleetwood, and Janet Routledge, B.C. Parliamentary Secretary for Labour and MLA for Burnaby North, toured the company’s Burnaby-based Quantum Engineering Center of Excellence. The visit was intended to help inform the B.C. government officials about D-Wave’s latest quantum computing product developments and efforts to spur quantum adoption around the world.

The University of Ottawa research team has pioneered an optimized technique named Fourier Quantum Process Tomography (FQPT) for evaluating the performance of quantum circuits. This method allows for the complete characterization of quantum operations with a minimal number of measurements. Instead of performing a large number of projective measurements, FQPT utilises a well-known map, the Fourier transform, to perform a portion of the measurements in two different mathematical spaces.