Alex Pruden, CEO and co-founder of Project Eleven, stated that the Q-Day Prize is intended to transform hypothetical quantum threats into concrete assessments of real cryptographic risk.

Quotes that support claims

"The Q-Day Prize is designed to take a theoretical threat from a quantum computer, and turn that into a concrete model," Alex Pruden, CEO and co-founder of Project Eleven, said in a statement.

We have no clear idea how close we are to a quantum ‘doomsday’ scenario for existing cryptography," said Alex Pruden, CEO and co-founder of Project Eleven.