REG-Quantum Blockchain Technologies Plc: AI Oracle Patent Application

Quantum Blockchain TechnologiesAnnouncement

15/01/2025 07:15

15 January 2025

 

Quantum Blockchain Technologies plc

("QBT" or "the Company”)

 

 

Bitcoin Mining - Method C AI Oracle

 

Method C’s AI Oracle hardware implementation patent application filing with
the UK patent office

 

Following its announcement of 24 October 2024 regarding Method C AI Oracle,
QBT, the AIM-listed investment company focused on an R&D and investment
programme within blockchain technology, is pleased to confirm the filing of a
new patent application covering Method C’s disruptive AI Oracle (“AI
Oracle”): “IMPLEMENTATION OF BINARY DECISION TREES”.

 

 

The patent application describes the details of an extremely efficient
hardware implementation of the AI Oracle on an ASIC chip.

 

A field-programmable gate array (“FPGA”) version of the AI Oracle
implementation has been developed by the Company and the corresponding PPA
(power performance area) results offer an insight as regards the relevant
overheads of the solution when implemented on custom silicon used for Bitcoin
mining.

 

The Company has determined that the overall area required by the AI Oracle
implementation is between ~1% - 4% of a double SHA-256 lane, the basic
computational block of almost all ASIC chips for bitcoin mining, depending on
the logic gate manufacturing technology used. The same percentage applies also
to energy consumption, i.e., the energy costs to run the AI Oracle represents
an additional ~1% - 4% of the energy consumed by the miner performed by an
ASIC without the AI Oracle.

 

The above figures represent an almost irrelevant overhead when compared to the
double SHA-256 percentage of avoided computations, determined by the AI
Oracle.

 

As QBT owns the Intellectual Property (“IP”) for the AI Oracle
implementation, i.e., the logic gates architecture for the ASIC design, the
Company will now look to implement a relevant commercial strategy, using its
new IP, to monetise this proprietary asset.  

 

 

Francesco Gardin, CEO and Executive Chairman of QBT, commented, “The key
requirements included in the specification of the on-chip implementation of
the AI Oracle, are the limited area to be used, the low energy consumption and
the processing speed. We have determined that the AI Oracle will not affect
the performance of any given SHA-256 architecture of an ASIC chip. All three
requirements have been met by our FPGA/ASIC design team. This has been an
outstanding result for the team and QBT. Moreover, the AI Oracle
implementation overhead between approximately 1% and 4% of a double SHA-256
lane, is an extremely impressive result.

 

“While the patent application is meant to protect these innovative
applications of the AI Oracle implementation, the core technology for the
generation of the Oracle, i.e., parameters to build the AI Oracle generated by
the Machine Learning Model C have been kept separate as these represent an
asset for the Company which it intends to protect as an industrial secret.”

 

-ends-

 

For further information please contact:

 

Quantum Blockchain Technologies Plc 
Francesco Gardin, CEO and Executive Chairman +39 335 296573

 

SP Angel Corporate Finance (Nominated Adviser & Broker) 
Jeff Keating +44 (0)20 3470 0470

 

Leander (Financial PR) 
Christian Taylor-Wilkinson +44 (0) 7795 168 157

 

 

About Quantum Blockchain Technologies Plc

QBT (AIM: QBT) is an AIM listed investment company with a strategic focus on
technology related investments, including a special regard towards Quantum
Computing, Blockchain, Cryptocurrencies and AI sectors. The Company has a
disruptive R&D and investment programme in the dynamic world of Blockchain
Technology, which includes Bitcoin mining and other advanced blockchain
applications.

 



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