Quantum computers promise to solve problems classical systems can’t, from drug discovery to climate modeling. This article dissects qubit technology, industry leaders, and ethical implications.
Key Sections
- Qubit Fundamentals: IBM’s 1121-qubit Condor uses error-corrected logic qubits, while Google’s Sycamore relies on quantum annealing for optimization tasks.
- Financial Applications: JPMorgan Chase uses D-Wave’s quantum hybrid system to simulate portfolio risks 100x faster.
- Cryptographic Tsunami: Post-Quantum Cryptography (PQC) standards under development by NIST aim to replace RSA encryption by 2030.
- Ethical Dilemmas: Quantum supremacy could break blockchain security, exposing $1.2 trillion in crypto assets to theft.
Conclusion
With global investments exceeding $10 billion annually, quantum computing is transitioning from lab experiments to commercial viability. Governments must balance innovation with regulatory safeguards.
