While the financial services world is woefully unprepared for the coming impact of quantum computing, Mario Galatovic has a few suggestions.
Some of the biggest banks have started to invest greater resources in quantum computing as they hope the technology is...
Chris Skinner explores quantum computing in a recent blog post; recently scientists found a quantum computer to be 100 million times faster than conventional computers; quantum internet will also have a big impact as it uses quantum signals instead of radiowaves to transmit information; Skinner writes that, “This is important in banking because it could displace blockchain, ledger and digital identity developments within a decade. This is because the quantum internet would excel at sending information securely through what is known as quantum encryption.” Source
The field of quantum computing, once thought to be the fantasy of science fiction, is slowly and steadily bringing shifts to the way we approach global issues. Brace yourself, finance sector, soon there may be a reset.
Quantum computing has the potential to dramatically affect banking in the coming years, especially from a cybersecurity standpoint; banks like...