QBT's ASIC UltraBoost Patent Application Clears US Hurdle
Quantum Blockchain Technologies (AIM: QBT) has received formal approval from the United States Patent and Trademark Office for its patent application covering ASIC UltraBoost technology. The company's patent application, formally titled 'Message Scheduling for Cryptographic Hashing', aims to improve the efficiency of Bitcoin mining by removing redundant computations from the SHA-256 message-scheduling process used in mining-specific ASIC hardware.
The approval does not yet represent the final grant of patent rights, and several administrative formalities remain, including payment of the required issue and publication fees. However, QBT expects the patent to be formally issued in due course. The company believes this technology could attract interest from established ASIC manufacturers seeking to improve hardware efficiency.
Quantum Blockchain Technologies' CEO and executive chair Francesco Gardin stated that the patent strengthens the company's intellectual-property portfolio around improving the efficiency of cryptographic hashing hardware. The company plans to explore potential licensing and other commercialisation opportunities, with no certainty over the timing, structure or outcome of any commercial discussions.