Category Archives: Quantum Computing
ixFintech Group Limited Announces Launch of ixWallet 2.0 and Plans to Launch New Asset-backed TeaCoin – Business Wire
HONG KONG--(BUSINESS WIRE)--IX Fintech Group Limited (ixFintech) is honoured to announce the successful integration of privacy identity authentication and post quantum computing security into ixWallet to safeguard users' identity against cybersecurity risk. In Q1 2022, the company also aims to launch ixPoint, the company's first-ever reward point scheme, as well as the first asset-backed TeaCoin.
The new version of ixWallet comes with two new indexes: ixBitcoin and ixEthereum. These indexes in combination with ixCrypto Index facilitate easy comparison of the performance of the whole Crypto market versus the performance of Bitcoin and Ethereum. ixWallet 2.0 offers more efficient and flexible KYC (Know Your Customer) processes depending on the users needs and usage.
The ixWallet 2.0 marks a momentous milestone in our development journey to provide enhanced protection for our customers valuable digital assets. In addition to serving users who want anonymity while satisfying regulators requirements on KYC and security, ixWallet 2.0 allows users to choose whether they want to conduct full KYC for regulated activities through its settings, said Irene Wong, the founder and CEO of ixFintech. This launching event also records a successful collaboration with Polydigi Tech Ltd for its pending patent on the worlds first Anti-Authorised Push Payment (Anti-App) scams and phishing Digital ID authentication s-Factr solution and IronCAP, a code-based cryptographic technology by 01 Communique Laboratory Inc as announced in Q2 2021. These technologies are likely to make ixWallet 2.0 the safest digital wallet in the world.
The company is also excited to announce the successful completion of the Proof-Of-Concept Project (PoC Project) on the worlds first audited Tea Cake Tokenisation. The Financial Services and the Treasury Bureau (FSTB) launched the Fintech Proof-of-Concept Subsidy Scheme (the PoC Scheme) aiming to encourage traditional financial institutions (the FIs) to partner up with Fintech companies to conduct the PoC Project on innovative financial service products. An asset-backed token is a digital token based on blockchain technology that derives its value based on the underlying asset. Coin holders may benefit from the liquidity and price performance of the token in the secondary market. The TeaCoin was designed with the traditional tea cake in mind and is available on ixWallet 2.0 for users to understand asset tokenisation. In the future, investors can store TeaCoins on ixWallet and this will allow them to safeguard their assets until they need to transfer such assets to another party or use them to redeem a real physical tea cake from the tea company.
2021 IX Fintech Group Limited. All Rights Reserved.
For more information about IX Fintech, please refer to http://ixfintech.com/
For more information about buying ixPoint using DAEM, please refer to the DAEM section or visit DAEM website http://daemtech.com/
About IX Fintech
IX Fintech Group is a Hong Kong based digital assets award winning company, including HK FinTech Awards, HK FinTech Impetus Awards, IFTA Awards and TADS Awards. The companys mission is to bridge the traditional finance and new digital finance in a secured and compliant way. In the past 3 years, the Group won awards in different areas including cross boarder payment solution, blockchain technology, wealth management and trading platform etc.
IX Fintech Group created a DEFI machine, DAEM (Digital Asset Exchange Machine) and ixWallet both installed with post quantum computing security, and the Bitcoin Lei see, all worlds first in the market. The whole system is truly decentralized, to provide users an instant trading- instant settled into clients unique wallet new and better experience, eliminating all middle parties default risk.
ixWallet 2.0 newly released is a truly distributed ledger wallet that enables users to manage not only cryptos but other kinds of digital assets. Transactions are transparent and can be checked from public proven websites. ixWallet2.0 is protected from phishing. It is equipped with the next generation OTP solution.
For more information, please visit http://www.daemtech.com or the DAEM showcasing at Cyberport.
Website: https://ixfintech.com/
About ixCrypto Index Series
IX Asia Indexes Company Limited (IX Asia Indexes) is a wholly owned subsidiary of the IX Fintech Group. Aiming to become one of the leading index compilers in Asia, its services in the areas of both real and digital assets cover index consultancy, index design, index calculation and dissemination, and index education. It is missioned to bring transparency and standardization to the digital asset and tokenisation world through building an investment-grade and rules-based benchmarks.
IX Asia Indexes launched the award winning ixCrypto Index (IXCI) in 2018, followed by two new Indexes ixBitcoin (IXBI) and ixEthereum (IXEI) Index to complete the ixCrypto Index Series in early 2021. They are currently available in 85 countries via Nasdaq and IX Asia Indexes Company data feed to Bloomberg, Reuters, banks institutions and information vendors. Real time index is disseminated every 15 second interval from Hong Kong Time 9 a.m. to 9 p.m.. An index advisory committee with representation from different industries to ensure the professionality and impartiality of the index methodologies and operations.
For more information on data dissemination and product licensing, please visit http://www.ix-index.com or contact licensing@ix-index.com
Website: https://ix-index.com
2021 IX Fintech Group Limited. All Rights Reserved.
About Polydigi Tech
Following an invitation from the United Kingdom Department of International Trade, Polydigi Tech established its Headquarter in Edinburgh, Scotland in 2019. Polydigi Tech is an innovative cybersecurity company that specialises in cutting-edge identity verification technologies. To counter the ever-growing risk of cyber-threats, Polydigi Tech has developed various patented and patent-pending innovative solutions including mobile phone based multi-factor authentication, biometric authentication, and hardware protection for IoT devices and networks.
For more details about Polydigi Tech please visit our website at https://polydigitech.uk/
About 01 Communique
Established in 1992, 01 Communique (TSX-V: ONE; OTCQB: OONEF) has always been at the forefront of technology. The Companys cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP technology. IronCAPs patent-pending cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing. The Companys remote access business unit provides its customers with a suite of secure remote access services and products under its Im InTouch and Im OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Companys web site at http://www.ironcap.ca and http://www.01com.com.
2021 IX Fintech Group Limited. All Rights Reserved.
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ixFintech Group Limited Announces Launch of ixWallet 2.0 and Plans to Launch New Asset-backed TeaCoin - Business Wire
15 Truly Unbelievable Ways Science Changed the World in 2021 – Fatherly
Sometimes youve got to look for the trees in the forest. The good news of 2021 was like a host of saplings little trees lost in the forest of inflation, the pandemic, and catastrophic weather events. Look closer and you will find numerous reasons to cheer, scientific discoveries and advances that give honest-to-goodness hope for humanity.
Most notably, 2021 saw one of the most-effective vaccines ever created, in record time. But thats just the beginning. We witnessed other monster breakthroughs in biology, astronomy, medicine, engineering, computing, genomics, and many more scientific fields.
With so many astounding advances in 2021, it was tough to pick the most significant but we tried anyway. Here are our favorite 15 moments worth telling the kids about. Prepare for your mind to be blown.
The development, testing, and rollout of COVID vaccines has been called the moonshot of our generation. That might be an understatement. Thanks to devoted medical researchers and tens of thousands of everyday Americans who participated in clinical trials, the Food and Drug Administration (FDA) granted the Pfizer and Moderna COVID vaccines emergency use authorization for adults last December, followed by Johnson & Johnsons single-shot vaccine this February. Since then, the vaccine has become available for children as young as 5. Thats a vaccine rollout available to 94 percent of the population (under 5 are excepted so far) in little over a year. Previously, the fastest vaccine to go from development to deployment was the mumps vaccine in the 1960s which took about four years. Although were still struggling with COVID variants and breakthrough cases, this feat of inoculation has saved countless lives and holds promise for a future where we can keep up with viral outbreaks in real time.
Lots of animals can regrow a torn-off tail or a leg lost to a predator, but sea slugs have the coolest regeneration trick by a long shot. As a Japanese scientist discovered this year, these slimy creatures can behead themselves on purpose and grow a whole new body within weeks. The severed head survives on its own while it regenerates vital organs and limbs, likely due to slugs plant-like ability to photosynthesize because of all the algae they eat. Even more impressive, the discarded body lives for weeks before eventually dying off. Researchers think sea slugs use this cool maneuver to hoodwink predators and escape unharmed, or possibly to survive parasite infestations of their lower body.
Brain-computer interfaces (BCIs) hold major promise for people with paralysis, allowing them to operate robotic limbs, wheelchairs, keypads, and other gadgets just by thinking about moving their bodies. But so far, BCIs have mostly been relegated to research settings, as theyve required bulky cables to connect a persons head to a computer to an external device.
Not anymore. The prestigious BrainGate research team has devised the worlds first high-bandwidth, totally wireless BCI that transmits brain signals as quickly and clearly as cabled systems do. In a recent clinical trial, the new device enabled two people with tetraplegia to point, click, and type on a tablet with precision and speed no wires required. More research is needed, but this is a major step toward taking BCIs out of the lab and into the real world to help people with paralysis regain independence.
Americans boundless fascination with unidentified flying objects was finally indulged in 2021. In January, by way of the Freedom of Information Act, The Black Vault website posted the CIAs recently declassified database of every UFO sighting reported by a military pilot, dating back to the 1980s. Concurrently, the CIA uploaded dozens of records of UFO sightings from the 1940s to the early 1990s.
Then, in June, the Pentagon issued a long-awaited nine-page report summarizing everything it claims to know about unidentified aerial phenomena, or UAPs, its fancy term for UFOs. Shocker: The government doesnt know much. The report does assert that UAPs are not U.S. military craft, but otherwise, it pretty much plays the inconclusive card. But hey, although the dossier may not clear up many mysteries, the massive data dump should keep UFO-obsessed armchair detectives captivated for years to come.
About 90 percent of human brain development happens by age five. And although neuroscientists have recently learned a lot about how and when various developments occur, especially in utero, theres still a ton they dont know, particularly about the impacts of nature versus nurture. These answers are now coming, courtesy of the largest, most comprehensive trial on early brain development ever, which kicked off this fall.
Through the HEALthy Brain and Child Development Study, researchers nationwide will track a diverse group of 7,500 pregnant people and their children throughout the next decade. Using neuroimaging and psychological assessments, they aim to map out the normal arc of brain development and discover how pre- and postnatal environments and exposures (stress, socioeconomic status, parents drug use, COVID, etc.) affect it as well as how kids brains adapt. This historic study has the potential to unlock prevailing mysteries about autism, dyslexia, and other childhood neurodevelopment, emotional, and behavioral concerns.
Long before COVID, malaria was and as of time of publication, still is one of the most lethal infectious diseases on the planet. This mosquito-borne pathogen kills half a million people annually, predominantly in sub-Saharan Africa. Over half of those malaria kills are children under age 5, Now, after a century of effort, scientists have finally developed a safe, effective malaria vaccine (the first vaccine for any parasitic disease, by the way), which the World Health Organization (WHO) greenlighted for all at-risk kids in October. Assuming nations prioritize vaccine distribution, experts estimate this breakthrough could prevent 5.3 million malaria cases and 24,000 deaths among children under 5 every year.
An estimated 1.6 million Americans live with type 1 diabetes (aka juvenile diabetes), including 200,000 kids and adults under age 20. With no known cure, this life-threatening autoimmune disease, in which the pancreas stops producing insulin to control blood sugar, almost always requires intense 24/7 management.
That may be about to change. To the shock and elation of diabetes experts, an experimental treatment delivered in an ongoing clinical trial appeared to cure a 64-year-old man of type 1 diabetes, which would be a world first. After receiving infusions of insulin-producing cells grown from stem cells, the mans body now makes insulin on its own, giving him a whole new life, as he told the New York Times.
Because this discovery is part of a five-year study involving 16 other participants, its still too soon to say with certainty whether the treatment is effective and safe long-term. But its the most promising development the world has seen in regard to a type 1 diabetes cure and likely enough to make a parent or child living with type 1 do cartwheels.
In February, almost seven months after launching from Earth, NASAs highly sophisticated Perseverance rover touched down on Mars. The vehicle will spend nearly two years on the red planet, surveying the landscape, searching for evidence of past Martian life, and collecting geological samples to bring back to Earth. Then, in April, NASAs solar-powered Ingenuity Mars Helicopter became the first-ever aircraft to make acontrolled flight on another planet. By December 8, Ingenuity had logged 17 successful flights.
Mars wasnt the only celestial body to make news in 2021. In November, NASA scientists validated the existence of 301 new exoplanets planets that orbit stars other than the Sun bringing the total exoplanet tally to 4,870. The validation frenzy comes courtesy of NASAs new ExoMiner deep-learning technology, which evaluates data collected by the Kepler spacecraft to distinguish legit exoplanets from convincing fakes.
One of the biggest differences between the COVID pandemic and that of the 1918 Spanish Flu (the last global pandemic) is the way that we track it. Its nearly unimaginable that we once had to follow death and infection rates by local tally and had essentially no way of knowing about new viral variants. Now, led by the WHO, scientists have a colossal global collaboration to monitor the spread and evolution of SARS-CoV-2. Huge amounts of data have been collected and shared across borders in real time, allowing researchers to get quickly gain an idea of how a variant like Delta or Omicron spreads and affects case numbers and hospitalizations. We didnt have this sort of technology available at the beginning of the pandemic. As of April 2021, the online GISAID database containedonly one million SARS-CoV-2 genomic sequences. Eight months later, another five million sequences have been added. In other words, genomic sequencing of SARS-CoV-2 has gotten ten times faster since the spring. This accomplishment highlights that one of the biggest challenges of science isnt discovery, but sharing discoveries, and countries across the world are now doing that in a way theyve never done before.
With the average cost of a solar panel plummeting 90 percent between 2010 and 2020, it keeps getting cheaper and cheaper to generate power directly from the sun. Thats great news, as it helps shift our reliance away from fossil fuels, a key contributor to climate change. Frustratingly, however, solar panels havent gotten much more efficient in recent years, which has hindered widespread adoption of this form of clean energy.
To solve this issue, engineers have been looking for alternative materials that can outperform the standard silicon used in solar panels and still be inexpensive. Theyve had high hopes for perovskites, atomically thin, latticed materials that convert sunlight into energy highly efficiently. The only problem? Ultraviolet rays and moisture destroy perovskites in no time, tanking their usefulness.
But this year, Rice University engineers developed and road-tested solar cells made of two-dimensional perovskites. Their invention works much better than earlier models and withstands the elements. The trick with 2D perovskites, the researchers discovered, is that sunlight contracts the spaces between the atomic layers to boost efficiency by up to 18 percent a huge leap forward in this field. With solar companies worldwide working to commercialize perovskite solar cells, this breakthrough should ultimately accelerate societys conversion to solar energy.
In January, Jean-Michel Dubernard, MD, the same surgeon who performed the first-ever hand, double hand, and partial face transplants, accomplished yet another historic feat: the worlds first double arm and shoulder transplant. The operation, performed in France, was a resounding success. The recipient, 49-year-old Felix Gretarsson of Iceland, whod lost both arms in an electrical accident in 1998, has steadily gained mobility throughout the year, charting his progress on Instagram. He can now flex his biceps, pick up objects, and hug his granddaughter. Experts expect he will make more advancements in the coming years. Sadly, Dubernard died in July, but not before giving Gretarssinan entirely new life.
This year, scientists learned a lot about the massive creatures that inhabited the Earth many millions of years ago. First up, dinosaurs. The fearsome predator Tyrannosaurus rex roamed North America starting nearly 70 million years back, and now biologists have finally estimated how many: 2.5 billion. Terrifying, right? If its any comfort, thats the total T. rex population spread out over 2.4 million years. So, really, there were only about 20,000 adult T. rexes living at one time.
Of course, that last generation of T. rex, along with the entire dinosaur kingdom, got wiped off the planet some 66 million years ago by an asteroid. Or wait, was it a comet? Thats the new theory put forth by Harvard astronomers to explain the so-called Chicxulub Impactor, the astronomical body that created a 93-mile-wide, 12-mile-deep crater off the coast of Mexico and, theoretically, killed the dinosaurs. Countering the prevailing asteroid theory, the Harvard astronomers think a comet from the fringes of our solar system got knocked off-orbit by Jupiters gravitational field and broke into chunks. Then an especially large chunk the eventual Chicxulub Impactor slammed into the Earth, wreaking major havoc and wiping out the dinos.
More than 60 million years after the dinosaurs, mammoths were living large, which researchers know because of the extensive fossil record. This year, such fossils yielded an unprecedented discovery: the oldest ancient animal genome ever recovered. In sequencing DNA from three mammoth teeth extracted from the Siberian permafrost, scientists determined the fossils were more than one million years old, obliterating the previous record held by a 560,000-to-780,000-year-old horse leg bone. The DNA also suggests a separate lineage, possibly a different species, of mammoth that scientists werent aware of before.
An international event thats been decades in the making is finally (hopefully!) happening on December 24*. After multiple delays, the James Webb Space Telescope the largest and most advanced scientific telescope in the history of space exploration is scheduled to blast off from French Guiana aboard the Ariane 5 rocket. It will take 30 days to travel nearly 1 million miles to a stable spot in space and another six months to unfold its instruments, align, and calibrate. As it tracks Earths orbit around the sun for the next several decades, the infrared scope will directly observe parts of the universe previously unseeable, thereby demystifying the origin and evolution of our planet, solar system, and galaxies beyond.
One of the biggest differences between the COVID pandemic and that of the 1918 Spanish Flu is the way that we track it. Its nearly unimaginable that we once had to follow death and infection rates by local tally and had essentially no way of knowing about new viral variants. Now, led by the WHO, scientists have a colossal global collaboration to monitor the spread and evolution of SARS-CoV-2. Huge amounts of data have been collected and shared across borders, allowing researchers to get quickly gain an idea of how a variant like Omicron spreads and affects case numbers and hospitalizations. We didnt have this sort of technology available at the beginning of the pandemic. As of April 2021, the online GISAID database contained only one million SARS-CoV-2 genomic sequences. Thats after about 16 months of pandemic. But in the eight months since, another five million sequences have been added. In other words, genomic sequencing of SARS-CoV-2 has gotten ten times faster since the spring. This accomplishment highlights that one of the biggest challenges of science isnt discovery, but sharing discoveries, and countries across the world are now doing that in a way theyve never done before.
What takes todays best supercomputers several days or weeks to process, quantum computers can knock out within seconds. Thats why quantum computing, which leverages the laws of quantum physics for unprecedented processing capabilities, is already considered among the biggest scientific breakthroughs of the 21st century. Eventually, its supposed to revolutionize manufacturing, meteorology, cybersecurity, national defense, and much more.
Well, 2021 made eventually closer than ever. In November, IBM unveiled its 127-qubit Eagle, the most powerful quantum processor yet. Then earlier this month, the company Quantinuum debuted the worlds first commercial product built from quantum computing: a cloud-based cybersecurity platform called Quantum Origin. With the worlds top tech companies and research institutions racing to advance this next-gen technology, expect quantum computing to make our list again next year, and the next, and the next
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15 Truly Unbelievable Ways Science Changed the World in 2021 - Fatherly
What Is Quantum Computing? | NVIDIA Blog
Twenty-seven years before Steve Jobs unveiled a computer you could put in your pocket, physicist Paul Benioff published a paper showing it was theoretically possible to build a much more powerful system you could hide in a thimble a quantum computer.
Named for the subatomic physics it aimed to harness, the concept Benioff described in 1980 still fuels research today, including efforts to build the next big thing in computing: a system that could make a PC look in some ways quaint as an abacus.
Richard Feynman a Nobel Prize winner whose wit-laced lectures brought physics to a broad audience helped establish the field, sketching out how such systems could simulate quirky quantum phenomena more efficiently than traditional computers. So,
Quantum computing is a sophisticated approach to making parallel calculations, using the physics that governs subatomic particles to replace the more simplistic transistors in todays computers.
Quantum computers calculate using qubits, computing units that can be on, off or any value between, instead of the bits in traditional computers that are either on or off, one or zero. The qubits ability to live in the in-between state called superposition adds a powerful capability to the computing equation, making quantum computers superior for some kinds of math.
Using qubits, quantum computers could buzz through calculations that would take classical computers a loooong time if they could even finish them.
For example, todays computers use eight bits to represent any number between 0 and 255. Thanks to features like superposition, a quantum computer can use eight qubits to represent every number between 0 and 255, simultaneously.
Its a feature like parallelism in computing: All possibilities are computed at once rather than sequentially, providing tremendous speedups.
So, while a classical computer steps through long division calculations one at a time to factor a humongous number, a quantum computer can get the answer in a single step. Boom!
That means quantum computers could reshape whole fields, like cryptography, that are based on factoring what are today impossibly large numbers.
That could be just the start. Some experts believe quantum computers will bust through limits that now hinder simulations in chemistry, materials science and anything involving worlds built on the nano-sized bricks of quantum mechanics.
Quantum computers could even extend the life of semiconductors by helping engineers create more refined simulations of the quantum effects theyre starting to find in todays smallest transistors.
Indeed, experts say quantum computers ultimately wont replace classical computers, theyll complement them. And some predict quantum computers will be used as accelerators much as GPUs accelerate todays computers.
Dont expect to build your own quantum computer like a DIY PC with parts scavenged from discount bins at the local electronics shop.
The handful of systems operating today typically require refrigeration that creates working environments just north of absolute zero. They need that computing arctic to handle the fragile quantum states that power these systems.
In a sign of how hard constructing a quantum computer can be, one prototype suspends an atom between two lasers to create a qubit. Try that in your home workshop!
Quantum computing takes nano-Herculean muscles to create something called entanglement. Thats when two or more qubits exist in a single quantum state, a condition sometimes measured by electromagnetic waves just a millimeter wide.
Crank up that wave with a hair too much energy and you lose entanglement or superposition, or both. The result is a noisy state called decoherence, the equivalent in quantum computing of the blue screen of death.
A handful of companies such as Alibaba, Google, Honeywell, IBM, IonQ and Xanadu operate early versions of quantum computers today.
Today they provide tens of qubits. But qubits can be noisy, making them sometimes unreliable. To tackle real-world problems reliably, systems need tens or hundreds of thousands of qubits.
Experts believe it could be a couple decades before we get to a high-fidelity era when quantum computers are truly useful.
Predictions of when we reach so-called quantum computing supremacy the time when quantum computers execute tasks classical ones cant is a matter of lively debate in the industry.
The good news is the world of AI and machine learning put a spotlight on accelerators like GPUs, which can perform many of the types of operations quantum computers would calculate with qubits.
So, classical computers are already finding ways to host quantum simulations with GPUs today. For example, NVIDIA ran a leading-edge quantum simulation on Selene, our in-house AI supercomputer.
NVIDIA announced in the GTC keynote the cuQuantum SDK to speed quantum circuit simulations running on GPUs. Early work suggests cuQuantum will be able to deliver orders of magnitude speedups.
The SDK takes an agnostic approach, providing a choice of tools users can pick to best fit their approach. For example, the state vector method provides high-fidelity results, but its memory requirements grow exponentially with the number of qubits.
That creates a practical limit of roughly 50 qubits on todays largest classical supercomputers. Nevertheless weve seen great results (below) using cuQuantum to accelerate quantum circuit simulations that use this method.
Researchers from the Jlich Supercomputing Centre will provide a deep dive on their work with the state vector method in session E31941 at GTC (free with registration).
A newer approach, tensor network simulations, use less memory and more computation to perform similar work.
Using this method, NVIDIA and Caltech accelerated a state-of-the-art quantum circuit simulator with cuQuantum running on NVIDIA A100 Tensor Core GPUs. It generated a sample from a full-circuit simulation of the Google Sycamore circuit in 9.3 minutes on Selene, a task that 18 months ago experts thought would take days using millions of CPU cores.
Using the Cotengra/Quimb packages, NVIDIAs newly announced cuQuantum SDK, and the Selene supercomputer, weve generated a sample of the Sycamore quantum circuit at depth m=20 in record time less than 10 minutes, said Johnnie Gray, a research scientist at Caltech.
This sets the benchmark for quantum circuit simulation performance and will help advance the field of quantum computing by improving our ability to verify the behavior of quantum circuits, said Garnet Chan, a chemistry professor at Caltech whose lab hosted the work.
NVIDIA expects the performance gains and ease of use of cuQuantum will make it a foundational element in every quantum computing framework and simulator at the cutting edge of this research.
Sign up to show early interest in cuQuantum here.
What is Quantum Computing? | IBM
Let's look at example that shows how quantum computers can succeed where classical computers fail:
A supercomputer might be great at difficult tasks like sorting through a big database of protein sequences. But it will struggle to see the subtle patterns in that data that determine how those proteins behave.
Proteins are long strings of amino acids that become useful biological machines when they fold into complex shapes. Figuring out how proteins will fold is a problem with important implications for biology and medicine.
A classical supercomputer might try to fold a protein with brute force, leveraging its many processors to check every possible way of bending the chemical chain before arriving at an answer. But as the protein sequences get longer and more complex, the supercomputer stalls. A chain of 100 amino acids could theoretically fold in any one of many trillions of ways. No computer has the working memory to handle all the possible combinations of individual folds.
Quantum algorithms take a new approach to these sorts of complex problems -- creating multidimensional spaces where the patterns linking individual data points emerge. In the case of a protein folding problem, that pattern might be the combination of folds requiring the least energy to produce. That combination of folds is the solution to the problem.
Classical computers can not create these computational spaces, so they can not find these patterns. In the case of proteins, there are already early quantum algorithms that can find folding patterns in entirely new, more efficient ways, without the laborious checking procedures of classical computers. As quantum hardware scales and these algorithms advance, they could tackle protein folding problems too complex for any supercomputer.
How complexity stumps supercomputers
Proteins are long strings of amino acids that become useful biological machines when they fold into complex shapes. Figuring out how proteins will fold is a problem with important implications for biology and medicine.
A classical supercomputer might try to fold a protein with brute force, leveraging its many processors to check every possible way of bending the chemical chain before arriving at an answer. But as the protein sequences get longer and more complex, the supercomputer stalls. A chain of 100 amino acids could theoretically fold in any one of many trillions of ways. No computer has the working memory to handle all the possible combinations of individual folds.
Quantum computers are built for complexityQuantum algorithms take a new approach to these sorts of complex problems -- creating multidimensional spaces where the patterns linking individual data points emerge. Classical computers can not create these computational spaces, so they can not find these patterns. In the case of proteins, there are already early quantum algorithms that can find folding patterns in entirely new, more efficient ways, without the laborious checking procedures of classical computers. As quantum hardware scales and these algorithms advance, they could tackle protein folding problems too complex for any supercomputer.
Excerpt from:
What is Quantum Computing? | IBM
Quantum computing: Now Rigetti explores qutrits as well as qubits – ZDNet
US quantum computer outfit Rigetti Computing has announced the Aspen-M, an 80-qubit processor quantum computer that consists of two connected 40-qubit chips.
The Aspen-M, available in a private beta, is the culmination of Rigetti's particular take on large-scale quantum computers.
The firm is pursuing multi-chip quantum processors andannounced plans earlier this yearto offer it to customers through its Quantum Cloud Services platform.
SEE: Status Report: Is quantum computing worth the leaps of faith?
Instead of scaling up a single quantum processor, it's been linking smaller chips to create a modular processor with a larger number of qubits the quantum version of bits in classical computers, characterized by 1s and 0s, which can achieve superposition where a bit can be both 1 and 0 or any combination inbetween those states.
Rigetti also launched a new Aspen system based on a single-chip 40-qubit processor, which is generally available on Rigetti Quantum Cloud Services, Strangeworks, and Amazon Web Services' Braket managed quantum computing service.
Rigetti claims Aspen superconducting processors bring scale, speed, and fidelity improvements that deliver 2.5 faster quantum processing times over its existing systems and reduce readout errors by up to half, thus improving the reliability of quantum program results.
"Our machines are now at a scale and speed where they can process the real-world data sets that underpin high-impact applications," said Chad Rigetti, founder and CEO of Rigetti Computing. "We believe these systems give researchers and enterprises the best platform to pursue quantum advantage on real problems."
Separately, Rigetti announced it had added a third state to its qubits to create "qutrits" that allow more information to be encoded in a single element and decreases readout errors. It's currently offering experimental access to qutrit operations through its Quil-T service.
"Adding just one additional state turns our qubits intoqutrits,which can not only increase the amount of information encoded in a single element, but also enables techniques that can dramatically decrease readout errors," the company said.
"Accessing the third state in our processors is useful for researchers exploring the cutting edge of quantum computing, quantum physics [4] and those interested in traditional, qubit-based algorithms alike," it added.
SEE: What is quantum computing? Everything you need to know about the strange world of quantum computer
Quantum computer heavyweights including IBM, Microsoft and Google have been partnering with consultancies and industry players in pharmaceuticals, for example, to find new applications for quantum computing.
Microsoft recently teamed up with consultancy KPMG to work on several business applications. Meanwhile,Honeywell Quantum Solutions and Cambridge Quantum are combining their respective hardware and software to push into quantum computing. IonQ, which hosts a 11-qubit trapped-ion system on AWS, Google Cloud and Microsoft Azure, ispartnering with Accenture to reach enterprise customers.
Rigetti announced it is collaborating with Deloitte and Strangeworks to explore quantum applications in material simulation, optimization, and machine learning using Rigetti's new processors.
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Quantum computing: Now Rigetti explores qutrits as well as qubits - ZDNet
Research Team Reaches Milestone in Quantum Computing with Error Correction – HPCwire
Dec. 17, 2021 Researchers at QuTecha collaboration between the TU Delft and TNOhave reached a milestone in quantum error correction. They have integrated high-fidelity operations on encoded quantum data with a scalable scheme for repeated data stabilization. The researchers report their findings in the December issue of Nature Physics.
More Qubits
Physical quantum bits, or qubits, are vulnerable to errors. These errors arise from various sources, includingquantum decoherence, crosstalk, and imperfect calibration. Fortunately, the theory ofquantum error correctionstipulates the possibility to compute while synchronously protecting quantum data from such errors.
Two capabilities will distinguish an error corrected quantum computer from present-day noisy intermediate-scale quantum (NISQ) processors, says Prof Leonardo DiCarlo of QuTech. First, it will process quantum information encoded in logical qubits rather than in physical qubits (each logicalqubitconsisting of many physical qubits). Second, it will use quantum parity checks interleaved with computation steps to identify and correct errors occurring in the physical qubits, safeguarding the encoded information as it is being processed. According to theory, the logical error rate can be exponentially suppressed provided that the incidence of physical errors is below a threshold and the circuits for logical operations and stabilization are fault tolerant.
All the Operations
The basic idea thus is that if you increase the redundancy and use more and more qubits to encode data, the net error goes down. The researchers at TU Delft, together with colleagues at TNO, have now realized a major step toward this goal, realizing a logical qubit consisting of seven physical qubits (superconducting transmons). We show that we can do all the operations required for computation with the encoded information. This integration of high-fidelity logical operations with a scalable scheme for repeated stabilization is a key step in quantum error correction, says Prof Barbara Terhal, also of QuTech.
First author and Ph.D. candidate Jorge Marques further explains, Until now researchers have encoded and stabilized. We now show that we can compute as well. This is what a fault-tolerant computer must ultimately do: process and protect data from errors all at the same time. We do three types of logical-qubit operations: initializing the logical qubit in any state, transforming it with gates, and measuring it. We show that all operations can be done directly on encoded information. For each type, we observe higher performance for fault-tolerant variants over non-fault-tolerant variants. Fault-tolerant operations are key to reducing the build-up of physical-qubit errors into logical-qubit errors.
Long Term
DiCarlo emphasizes the multidisciplinary nature of the work: This is a combined effort of experimental physics, theoretical physics from Barbara Terhals group, and also electronics developed with TNO and external collaborators. The project is mainly funded by IARPA and Intel Corporation.
Our grand goal is to show that as we increase encoding redundancy, the neterrorrate actually decreases exponentially, DiCarlo concludes. Our current focus is on 17 physical qubits and next up will be 49. All layers of our quantum computers architecture were designed to allow this scaling.
More information:J. F. Marques et al, Logical-qubit operations in an error-detecting surface code,Nature Physics(2021).DOI: 10.1038/s41567-021-01423-9.
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Research Team Reaches Milestone in Quantum Computing with Error Correction - HPCwire
Spain-based startup Multiverse Computing receives 12.5M from EIC to bring quantum computing to finance companies – Silicon Canals
Multiverse Computing co-founders Enrique Lizaso Olmos, Samuel Mugel, Romn Ors, Alfonso Rubio | Image credit: Multiverse Computing
Multiverse Computing, a Spanish startup that provides software for finance companies that want to gain an edge with quantum computing, announced that it will receive 12.5M in a fresh round of funding from the European Innovation Council (EIC) Accelerator program.
The investment comes after the companys 10M Seed round raised less than 2 months ago. This latest financing is primarily an equity investment (10M) with the remainder (2.5M) coming in the form of a grant.
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Multiverse Computing was founded with the help of the Basque Government-Spri and the Provincial Council of Guipuzkoa through the Txekintek / Ekintzaile program. The startup also had support from accelerators and technology centres such as the Donostia International Physics Centre (DIPC) and international institutions such as Torontos Creative Destruction Lab (CDL).
The European Innovation Council was launched under the Horizon Europe programme. The programme witnessed success during a pilot between 2018 and 2020 and has a budget of 10.1B. Approx 1.1B of this budget has been made available in 2021 for the EIC Accelerator.
Companies selected for funding under the EIC Accelerator program are assessed by experienced investors and entrepreneurs under a rigorous process for excellence, impact, and risk level.
The EIC programme helps startups and SMEs from early-stage research to proof of concept, technology transfer, as well as in financing and scaleup. 495M of the budget is earmarked for Strategic Health and Digital technologies, and Green Deal solutions. The programme offers both grants and investments to companies mainly startups and SMEs. The investments are managed by the EIC Fund.
Multiverse Computing was founded in 2019 by Alfonso Rubio Manzanares, Enrique Lizaso Olmos, Romn Ors, and Samuel Mugel. The startup provides software for companies from the financial industry to help them gain an edge with quantum computing. It combines quantum and quantum-inspired solutions to address complex open problems in finance by demonstrating industry use cases to bring value to financial institutions.
The companys flagship product, Singularity, enables financial professionals to run efficient quantum algorithms on any quantum computer from a simple spreadsheet to address highly complex problems such as portfolio optimisation and fraud detection without requiring any knowledge of quantum computers.
Multiverses Singularity toolkit for financial institutions is designed to leverage the power of quantum computing to outperform classical approaches to solving many business challenges in finance, including capital allocation, fraud detection, and risk management. With its UX and PC-based interface, Singularity enables financial professionals to harness the capabilities of quantum computing without any special expertise or training.
The startup collaborates with technology partners in quantum computing such as IBM, Microsoft, Xanadu, D-Wave, IonQ, Rigetti, Pasqal, Alpine, Quantum Technologies, Strangeworks, Orca, Amazon AWS, and Fujitsu, among others. It is also collaborating with several large financial institutions to explore the potential of quantum computing.
The company also reports that since its staff have knowledge of financial issues and speak 15 different languages, understanding and solving most of their clients problems in their own language comes in handy.
Enrique Lizaso, CEO of Multiverse Computing, says that part of the proceeds will be used to further optimise the companys Monte Carlo asset valuation engine, as well as derivative evaluation capabilities, and stress test tools for financial institutions and central banks.
The funds will also be used to hire fresh talents and expand into additional vertical markets as the company accelerates the commercialisation of its toolkit.
Enrique Lizaso adds, It is an honour for Multiverse to be recognised by the EIC as among the most innovative and promising startups in Europe. This investment serves as a testament to the incredible potential of our flagship Singularity product, the first quantum-powered computational solution for financial services. This is a pan-European recognition that financial institutions can derive benefit today from quantum technologies that are high performing and easy to use. Singularity is best-in-class on both fronts.
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Spain-based startup Multiverse Computing receives 12.5M from EIC to bring quantum computing to finance companies - Silicon Canals
Smart Internet Lab will deliver Quantum Data Centre of the Future – ITP.net
The University of Bristols pioneering Smart Internet Lab will work with industry partners to develop the first blueprint for a quantum data centre, as part of UKRIs 170 million pound Commercialising Quantum Technologies Challenge.
Quantum technologies, in the form of quantum computing and communications, promise to provide solutions to some of the worlds most challenging problems. However, to date, very little has been understood from a systems perspective about how to integrate them with existing data centres.
The Quantum Data Centre of the Future project will commence in early 2022, bringing experts in classical data centres and networking together with experts in quantum computing and quantum communications, to develop the first blueprint for a quantum data centre.
The project will leverage the significant research strengths of the University of BristolsHigh Performance Networks Groupin classical data centre, quantum Internet and quantum networking.
Professor Reza Nejabati, Head of High Performance Networks Research Group in theSmart Internet Lab, said: This is a truly exciting initiative. Adapting quantum computing and network systems to work in a data centre settingwill require significant acts of invention and creativity.
This will bring a more practical light to the field of quantum technologies so they can benefit businesses and support the emergence of new type quantum computing algorithms and applicationsthat will benefit from them far into the future.
Professor Dimitra Simeonidou, Director of Smart Internet Lab, added: In collaboration with the project partners, we aim to design, develop and demonstrate a solution for integrating a quantum computer in a classical data centre as well as providing remote quantum secure access to quantum computers at scale and in a data centre setting.
Quantum computers and communications systems are often described in isolation, but this misses the possibility for near term value to be created with quantum/classical hybrid systems. In this project, we will be investigating system-level solutions for optical metro quantum networks supporting remote access to quantum computing.
We are really excited to work with leading industrial and academic partners to connect and integrate our city scale test-bed to remote quantum accelerated data canter and demonstrate its use for future industrial applications.
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Smart Internet Lab will deliver Quantum Data Centre of the Future - ITP.net
Which emerging technologies present the greatest opportunities for business? – The Globe and Mail
Event summary produced by The Globe and Mail Events team. The Globes editorial department was not involved.
New and emerging technologies including artificial intelligence, quantum computing, the Internet of Things and blockchain are reshaping all kinds of industries across Canada, including health care, finance, retail and more. In November, Globe Events gathered a group of early adopters of next-gen technologies together to share practical examples from their business operations and a glimpse of what the future holds.
The virtual conversation was led by The Globe and Mails Senior Business Writer and Columnist, Rita Trichur, and included Stewart Hyman, Chief Technology Officer of Kyndryl Canada; Peter Bak, Chief Information Officer at Humber River Hospital; Fariba Rawhani, Chief Information Officer for Teranet; and Nastaran Bisheban, Chief Technology Officer at KFC Canada. The panel took a deeper look at where the greatest business opportunities lie within these technologies and how the use of this new tech might provide measurable results.
To view their conversation in full, see the video playback below, and for more information on upcoming Globe Events, visit our events hub at tgam.ca/events.
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Which emerging technologies present the greatest opportunities for business? - The Globe and Mail
The Quantum Moments: Top Quantum Computing Things to Recall from 2021 – Analytics Insight
Quantum computing is a fundamentally different approach to computation compared to the kinds of calculations that we do on todays laptops.
The digital revolution highlights the need for awareness of quantum technologies. The world is now preparing for further digital transformation with a revolution in quantum technology. The countries that authorize quantum computing technology will command over the information processing space for a long period giving them control and influence over sectors such as modern manufacturing, pharmaceuticals, the digital economy, logistics, national security, and intelligence. Quantum computing is a fundamentally different approach to computation compared with the kinds of calculations that we do on todays laptops, workstations, and mainframes. It wont replace these devices, but by leveraging the principles of quantum physics it will solve specific, typically very complex problems of a statistical nature that are difficult for current computers. Heres the list of the top quantum computing moments to remember from 2021.
The pharmaceutical industry has started reaping the benefits of quantum computers to create a change in the existing process of drug discovery and drug development. This industry needs a hefty budget for R&D and quantum computing can help in enhancing the R&D process within a short period. The pharmaceutical industry deals with different molecular formulations and this cutting-edge technology in quantum computing is the best-suited tech after artificial intelligence. Quantum computers tend to predict and simulate molecular structures, patterns, behaviours and properties more efficiently than the traditional computers used in the labs. These quantum computers are more powerful and bring the entire process at an atomic level to add more value to drug discovery and drug development across the world.
Quantum computing and quantum mechanics can solve enormous problems. Due to the data set utilized, topological analysis, an area of study where geometric forms act in certain ways, explains calculations that are just unachievable with todays ordinary computers. This can be reduced to very basic computations using quantum computing. NASA is exploring using quantum computing to examine the vast amounts of data it collects about the universe and to build better and safer space flight methods.
Advanced cryptography is the most prevalent use of quantum computing. Encryption that employs very big prime number factoring (300+ integers) is impossible to break with todays machines. This decryption might become easy with quantum computers, resulting in far greater protection of our digital lives and possessions. However, well be able to crack conventional encryption considerably more quickly as well.
Finding patterns in data and utilizing them to forecast future trends is extremely beneficial. Volkswagen is investigating how quantum computing may be used to notify drivers 45 minutes ahead of time of traffic conditions. Quantum computers will make it feasible to match traffic patterns and anticipate the behaviour of a system as complicated as todays traffic.
Quantum technology has the potential to enable far more sophisticated computer simulations, such as in aviation settings. The time and cost savings associated with assisting in the routing and scheduling of aircraft are considerable. Large businesses such as Airbus and Lockheed Martin are aggressively exploring and investing in the sector to take advantage of the technologys computational power and optimization possibilities.
One possible means of quantum communication is quantum teleportation. Although the name can be misleading, quantum teleportation is not a form of the transport of physical objects but a form of communication. This teleportation is the process of transporting a qubit from one location to another without having to transport the physical particle to which that qubit is attached. Even quantum teleportation depends on the traditional communication network, making it impossible to exceed the speed of light.
It is one of the most discussed forecasts that artificial intelligence and quantum computing can benefit each other by enhancing each others abilities. applications of artificial intelligence like machine learning, computer vision will be accelerated if run on quantum systems. This will mean faster analysis of data in sectors like fraud detection, drug compound discovery and more. It will also boost Generative AI by expanding the datasets used to train generative or machine learning models.
The supply chain is expected to be the first area where quantum computing will have an influence. If Covid-19 taught us anything, its that global production networks are inherently complex and risky. Companies will be able to manage supply networks with fewer disruptions because of quantum computing.
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The Quantum Moments: Top Quantum Computing Things to Recall from 2021 - Analytics Insight