Category Archives: Quantum Computing
Archer Materials "one of the front-runners" in the quantum computing economy – Proactive Investors Australia
's () () (FRA:38A) CEO Dr Mohammad Choucair discusses the applications and end uses of quantum computing. He says they're making good progress developing the artificial intelligence (AI) potential of its flagship 12CQ chip - world-first qubit processor technology that will enable quantum computing powered devices for mobile and data-centric applications.
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Archer Materials "one of the front-runners" in the quantum computing economy - Proactive Investors Australia
Quantum Computing & Technologies Market Share at a CAGR of 32.5 %, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts…
The Quantum Computing & Technologies Market research report is prepared by implying robust research methodology and including Porters Five Forces analysis to provide the complex matrix of the market. The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the report. It provides an in-depth analysis of the market segments which include products, applications, and end-user applications. This report also includes a complete analysis of industry players that cover their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping them to expand their market share.
Quantum Computing & Technologies Market is Expected to Grow with a CAGR of 32.5 % over the Forecast Period.
Significant Players of this Global Quantum Computing &
Global Quantum Computing & Technologies market report is segmented on the basis of product type, application, end-user and regional & country level. Based on product type, global Quantum Computing & Technologies markets are classified as holographic display, microscopes, software, holographic prints and others. Based upon application, global Quantum Computing & Technologies markets is classified as medical imaging, medical education and biomedical research. Based upon end-user, global Quantum Computing & Technologies markets is classified as biotechnology and pharmaceutical companies, academic and research institutes and hospitals and clinics.
Segmentation Analysis:
By Type of Technology: Block chain, Adiabatic, Measurement-Based, Superconducting, Topological
By Applications: Cryptography, IoT/Big data/Artificial intelligence/ML, Teleportation, Simulation & Data Optimization, Others
By Component: Hardware, Software & Systems, Services
By End-User Industry: Aerospace and Defense, Healthcare, Manufacturing, IT & Telecommunications, Energy and Power, Others
Geographically, this report split global into several key Regions, revenue (Million USD) the geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Post-Consumer Quantum Computing & Technologies Market.
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Key Benefits for Quantum Computing & Technologies Market Reports
The analysis provides an exhaustive investigation of the global Post-Consumer Quantum Computing & Technologies market together with the future projections to assess the investment feasibility. Furthermore, the report includes both quantitative and qualitative analyses of the Post-Consumer Quantum Computing & Technologies market throughout the forecast period. The report also comprehends business opportunities and scope for expansion. Besides this, it provides insights into market threats or barriers and the impact of regulatory framework to give an executive-level blueprint the Post-Consumer Quantum Computing & Technologies market.
Key Features of the Report:
Global Quantum Computing & Technologies Markets: Countries and Regions
North America, Asia-Pacific, UK, Europe, Central & South America, Middle East & Africa
Frequently asked questions (FAQs) about the report
Yes. The Quantum Computing & Technologies market report can be customized according to your needs. For instance, the company can be profiled you ask for while specific region/country analysis can be focused that meets your interests. You can talk to our research analyst about your exact requirements and UMR will accordingly tailor the required report.
Yes, the market report can be further segmented on the basis of data availability and feasibility. We can provide a further breakdown in product types and applications (if applicable) by size, volume, or revenue. In the market segmentation part, the latest product developments and customer behavior insights are also included to give an in-depth analysis of the market.
Yes. The market research report covers the detailed analysis of COVID-19 impact on the market. Our research team has been monitoring the market closely while it has been conducting interviews with the industry experts to get better insights on the present and future implications of the COVID-19 virus on the market.
The market report provides vital information on the strategies deployed by industry players during the COVID-19 crisis to maintain their position in the market. Along with this, it also shares crucial data on product developments due to the inevitable pandemic across the globe.
Table of Content
1.1. Research Process1.2. Primary Research1.3. Secondary Research1.4. Market Size Estimates1.5. Data Triangulation1.6. Forecast Model1.7. USPs of Report1.8. Report Description
2.1. Market Introduction2.2. Executive2.3. Global Quantum Computing & Technologies Market Classification2.4. Market Drivers2.5. Market Restraints2.6. Market Opportunity2.7. Quantum Computing & Technologies Market: Trends2.8. Porters Five Forces Analysis2.9. Market Attractiveness Analysis
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Bristol startup scores 3.1M to control next-gen quantum hacks threatening the future of internet – UKTN (UK Technology News
The quantum computing industry witnessed exponential growth over recent years. As a result, the threat of quantum attacks on our communications is rapidly approaching a point when quantum computers will be able to crack all the existing encryption that protects our data.
Bristol-based KETS Quantum Security is a quantum tech company passionate about solving real-world security issues by leveraging the advantages of quantum technologies.
Redefining the Future of Secure Communications, the company just bagged 3.1 million in funding to bring to market hardware to protect data from a new generation of cyberattacks that will use quantum computers. The round was co-led by Quantonation and Speedinvest, with participation from Mustard Seed MAZE.
The investment will be used to accelerate development, production, and delivery of first products. It will also allow KETS to expand key first trials of the technology in real-world applications and environments that are already in development. To deliver all of this, KETS will continue building a world-leading team passionate about the companys technology and values. Furthermore, KETS will continue to expand into the global marketplace beyond its first international office following its recent expansion into Paris.
In todays world, we dont go 30 seconds without touching digital technology of some kind, all of which is networked, none of which is quantum-safe, said Dr Chris Erven, CEO and co-founder of KETS Quantum Security. At KETS, weve made it our mission to protect the worlds most valuable resourceinformationfrom the threat of quantum computing. This investment will allow us to make quantum-safe communications solutions ubiquitous and easily integrated. Ultimately, KETS is building a world in which we can trust our digital connections as much as our personal ones.
Olivier Tonneau from Quantonation said, KETS is reaching a key point in its story, with products that will now be available to deploy, bringing clients the worlds first on-chip, quantum-secured solutions protecting against the future threat of quantum computers.
Rick Hao from Speedinvest said, KETS is developing technology with a vision to solve some of the global cybersecurity challenges faced by the largest organisations by combining the power of quantum encryption technologies with the scalability and practicality of integrated, chip-based quantum photonics. Bristol is leading the world on building quantum technology hardware, and Speedinvest is excited to be backing great deep tech entrepreneurs here.
Current cybersecurity is threatened by powerful hardware, sophisticated algorithms and the emergence of quantum computing. KETS on-chip Quantum Key Distribution offers a practical solution by optically distributing secure cryptographic keys. Secret random numbers are at the heart of cryptography. Inferior generators can render communications insecure.
Established in 2016 by Chris Erven, Caroline Clark, and Jake Kennard, KETS Quantum Security develops a unique chip-based solutions provide ultra-low size power and weight without compromising performance. It develops protection against quantum security threats, starting with chip-based, quantum-safe encryption development kits.
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Bristol startup scores 3.1M to control next-gen quantum hacks threatening the future of internet - UKTN (UK Technology News
How Will Federal Investment in Quantum Affect Local Gov? – Governing
The federal government continues to invest in the research and development of quantum computing, and now the time is nearing when state and local governments will have a role to play with the new tech as well, experts say.
To put it mildly, quantum computing is a major emerging technology, one that physicists and other thinkers have seen coming for decades. Recently, however, the acceleration of other technologies has brought society far closer to harnessing the power of quantum, which can be used to solve complex problems far faster than traditional computing is able to do so. As such, in the past five years the federal government has sunk money into quantum, wanting American companies and researchers to keep pace with or get ahead of their counterparts in other countries.
This is all a fairly standard trajectory in the usual cycle for emerging technologies albeit one that feels a bit more high stakes given quantums enormous potential to facilitate sweeping systems change. In fact, George Thomas of the regional Potomac Quantum Innovation Center called the leap from traditional computing to quantum computing greater than the leap between traditional computing and the abacus. In short, its significant.
Indeed, a handful of states California, Illinois, Maryland and Virginia among them are preparing for a quantum future, doing so by trying to ensure their region can be part of the market for companies researching and ultimately selling the technology. This, experts say, can position states and the cities within them to benefit from quantum economically, bringing tax revenue and new jobs to the jurisdictions.
What those in the tech and innovation space within those governments should first and foremost be aware of is that quantum has now moved from the theoretical to the practical side of science, said Robert Liscouski, CEO of Quantum Computing, Inc., one of the many new companies in the quantum applications space.
Some areas of interest for government within that include cybersecurity quantum computing methods are situated to essentially obliterate traditional cryptography as well as more mundane and grounded problem-solving activities, such as a local government computing the most efficient possible routes for snowplows. The reason being that quantum computings advance speed means it provides a range of potential answers, not just one, giving it the potential to improve supply chain challenges, logistics, scheduling and more.
You wont have to buy a quantum computer to get access to it, Liscouski said. Quantum computing is going to be a cloud-based solution. Thats what Amazon is betting on.
Celia Merzbacher is the executive director for the Quantum Economic Development Consortium, which includes more than 150 member groups from across the private sector, government and academia, and its creation was called for within the Trump administrations actions on quantum in 2018.
When Merzbacher first went into her office to do this work, she said she used to keep a map on the wall, where she would put a pin for every group that joined the consortium, and what she has seen is the slow emergence of clusters in places like the San Francisco Bay Area, Boston, Chicago and parts of Colorado.
Its still a very early stage technology, Merzbacher said. Its behind AI. When you talk about where are the jobs and when will they be here? Right now, most of the jobs frankly are in research.
This early stage status also means it so far remains unclear exactly how quantum will develop, how it will be connected with users and the exact ways lower-level government agencies will interact with quantum.
Still, the excitement around the potential for quantum both in helping government become more efficient and in bolstering local economies is growing, and its something that bears attention from state and local leadership.
Government Technology is a sister site to Governing. Both are divisions of e.Republic.
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How Will Federal Investment in Quantum Affect Local Gov? - Governing
STFC and IBM sign 210m AI and quantum computing deal – BusinessCloud
TheScience and Technology FacilitiesCouncilhas announced a 210 million deal with IBM to acceleratediscovery and innovation with artificial intelligence and quantum computing.
Science Minister Amanda Solloway unveiledthefive-year partnershipwhich will see the launch oftheHartree National Centre for Digital Innovation in theNorth Westtosupport UK businesses and the public sector.
The aim is tobreak down practical barriers to innovation such as access to infrastructure or digital skills gaps within organisationsin sectors such asmaterials development, life sciences, environmental sustainability and manufacturing.
By advancing the pace at which businesses can take advantage of new digital technologies, the collaborationis expected toenhance productivity, create new skilled jobs and boost regional and national economic growth.
Based in Daresbury, an additional 60 new scientists, interns and students will join IBM Research and the Hartree Centre.
The research is part of IBMs global Discovery Accelerator initiative, which seeks to accelerate discovery and innovation based on a convergence of advanced technologies by establishing research centres, fostering and enabling collaborative communities, and advancing skills and economic growth in large-scale programs.
Artificial intelligence and quantum computing have the potential to revolutionise everything from the way we travel to the way we shop,saidSolloway.
They are exactly the kind of fields I want the UK to be leading in, and this new centre in theNorth Westis a big step towards that.
Thanks to this fantastic new partnership with IBM, British businesses will have access to the kind of infrastructure and expertise that will help them boost innovation and grow the economy.
The HNCDI programme will support several industry projects to accelerate the adoption of advanced digital technologies with UK companies of various sizes.
HNCDI will enable the UK to develop the skills, knowledge and technical capability required to adopt emerging digital technologies, seeding the UK with new ideas and innovative solutions, said Professor Mark Thomson, Executive Chair of STFC Hartree Centre.
The programme has transformative potential to generate long-term GVA for the economy by embedding AI solutions across the UK industry.
We are applying knowledge from the UKs strong fundamental research base to develop tools and techniques that address identified industry and public sector needs, improving economic and societal outcomes.
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STFC and IBM sign 210m AI and quantum computing deal - BusinessCloud
$100 Million to Advance Duke Science and Technology Research – Duke Today
The Duke Endowment of Charlotte, N.C., is supporting Duke Universitys efforts to expand its faculty in computation, materials science and the resilience of the body and brain by completing the second phase of a $100 million investment.
This is the largest award Duke University has ever received. Advancing Science and Technology
Better designs to capture the full potential of carbon-neutral energy. Harnessing the brain's resilience to fight Alzheimer's Disease. Developing Develop cybersecurity tools to defend us from future threats. Read about these and other investments Duke is making in science and technology research and teaching.
The funds form the base of Duke Science and Technology, a faculty-hiring and fund-raising effort designed to elevate excellence in the sciences at Duke. They will be used to accelerate and expand the recruitment of new faculty in science, medicine, technology, engineering and mathematics. The funds will also expand core research strengths that allow Duke faculty to address difficult global challenges and prepare Duke students to be the leaders of the future.
This extraordinary gift from The Duke Endowment advances our universitys position as a destination for exceptional and visionary faculty in a competitive global market, said Duke President Vincent E. Price. These scholars will accelerate discovery and collaborative research across our campus and around the world. Dukes next century will be one of unbounded intellectual curiosity in which uniquely talented and creative scientists come together in new ways to ask the most difficult questions and try to tackle the most critical challenges of our day.
The first $50 million of The Duke Endowments historic commitment to support Duke Science and Technology was announced in 2019.
Minor Shaw, chair of the Endowments Board of Trustees, said The Duke Endowments founder, James B. Duke, was a visionary leader in business and philanthropy who seized opportunities to experiment and innovate. Advancements in science and technology will transform our world, Shaw said. By investing in the next generation of faculty at Duke, we can achieve a better future for us all.
The funding comes at a time when Duke is placing big bets on emerging technologies like quantum computing and addressing global challenges such as climate change and pandemic disease.
The faculty we are able to recruit thanks to this investment from The Duke Endowment have enormous quality and potential, said Provost Sally Kornbluth, the universitys chief academic officer. We are confident that their work will result in increased impact, elevate Duke to new levels of scientific discovery and improve health outcomes for the citizens of North Carolina and beyond. We want to continue to build on this success.
In the two years since the university announced the first half of this $100 million award, the Duke Endowments investment has been used to recruit and retain some of the countrys leading scholar-scientists in a range of disciplines.
At Duke, we are redefining what is possible in preventing and treating a range of health conditions from cancer, brain disorders and infectious diseases to behavioral health issues, said A. Eugene Washington, M.D., chancellor for health affairs and president and chief executive officer of the Duke University Health System. This generous gift ensures that our exceptional research community will continue to thrive with the very best scientists who value collaboration and interdisciplinarity, and drive bold ideas."
Duke will continue a targeted effort to recruit scientist-scholars at all levels in its strategic areas. The hiring effort is expected to continue over the next few years.
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Based in Charlotte and established in 1924 by industrialist and philanthropist James B. Duke, The Duke Endowment is a private foundation that strengthens communities in North Carolina and South Carolina by nurturing children, promoting health, educating minds and enriching spirits. Since its founding, it has distributed more than $4 billion in grants. The Endowment shares a name with Duke University and Duke Energy, but all are separate organizations.
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$100 Million to Advance Duke Science and Technology Research - Duke Today
Jlich, University of Wrzburg Investigating Innovations for Quantum Computing with Topological Insulators – HPCwire
JLICH and WRZBURG, Germany, June 1, 2021 Forschungszentrum Jlich and the University of Wrzburg will together investigate the quantum phenomena of topological materials and the opportunities they present within quantum computing. The Free State of Bavaria is funding the project to the tune of 13 million.
Numerous research groups worldwide are working on the development of quantum computers. Such computers will offer numerous advantages when they are ready for application. They require very little energy and provide extremely fast computing power as well as a high level of data security.
However, a number of technical challenges still need to be overcome. To achieve further progress in this regard, Forschungszentrum Jlich and the University of Wrzburg (JMU) are strengthening their long-standing cooperation in this field.
The project partners are turning to topological insulators as a material class. Together, they aim to research and develop topological material systems that would serve as suitable components for quantum computers.
Jlich and JMU: A strong partnership
Wolfgang Marquardt, Chairman of the Board of Directors of Forschungszentrum Jlich, and then JMU President Alfred Forchel signed a cooperation agreement to that effect in March 2021.
The cooperation with Jlich provides JMU with a great opportunity, Forchel explains. We already have outstanding resources in Wrzburg in the fields of solid-state physics, semiconductor physics, and topological materials. In Forschungszentrum Jlich, we have a strong partner whose expertise complements our own very nicely. Together, we can lead the way in topological quantum computing.
Wolfgang Marquardt, Chairman of the Board of Directors of Forschungszentrum Jlich, adds: The development of highly complex technologies such as those required for quantum computing can only be successfully achieved through sharing expertise and through the cooperation of strong partners. This cooperation is an important foundation to bring together the complementary expertise of JMU and Forschungszentrum Jlich as part of a joint effort to explore the possibilities of topological materials for robust quantum computers and thus to create a hub for new, solid-state quantum innovations.
Funding from Bavaria
The Bavarian Ministry of Economic Affairs, Regional Development and Energy is providing roughly 13 million in funding to the project to investigate quantum computing on the basis of topological materials through experimental and theoretical approaches. Bavarias minister president Markus Sder had announced this investment at the end of 2019 as part of the states Hightech Agenda Bayern initiative.
Four research groups involved
Funding is to be provided to four research groups. This funding will be used to establish four young investigators groups at both research locations.
From JMU, the teams of professors Laurens Molenkamp (experimental physics) and Bjrn Trauzettel (theoretical physics) are taking part in the cooperation. Both teams aim to host young researchers from Jlich who will set up their own young investigators groups in Wrzburg. The idea behind this is as follows: The young people will act as a kind of human bridge bringing expertise from Jlich to Wrzburg and vice versa, explains Trauzettel.
At Jlich, the subsinstitutes of the Peter Grnberg Institute (PGI) specializing in the fields of solid-state physics and theoretical physics are participating, led by professors Detlev Grtzmacher (PGI-9), Stefan Tautz (PGI-3), Stefan Blgel (PGI-1), and David DiVincenzo (PGI-2). Through the continuation of the Virtual Institute for Topological Insulators, which is funded by the Helmholtz Association, synergies in research into topological insulators will now be used in closer scientific collaboration to establish a pathway towards quantum computing, says Grtzmacher to explain the high hopes being placed in this project.
Long-standing cooperation in an excellent environment
Various collaborations in the fields of physics and information technology materials have been in place between Forschungszentrum Jlich and JMU for over ten years now. In 2012, the Virtual Institute for Topological Insulators (VITI) was jointly founded by the two partners. In light of the promising developments in topological quantum computing, both parties have decided to strengthen this cooperation in the form of joint working groups.
The research collaboration operates in an outstanding environment with two clusters of excellence related to the field: Complexity and Topology in Quantum Matter (CT.QMAT) (Wrzburg-Dresden) and Matter and Light for Quantum Computing (ML4Q) (CologneAachenBonnJlich).
A Helmholtz Quantum Center is also being built at Jlich. At JMU, a new building is under construction for the Institute for Topological Insulators (ITI). The first research teams are scheduled to move into the new building as of mid-2021.
Source: Forschungszentrum Jlich
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Jlich, University of Wrzburg Investigating Innovations for Quantum Computing with Topological Insulators - HPCwire
Quantum computing investments on the rise – Help Net Security
Investments in quantum computing are expected to increase in the next 24 months, according to the survey results from IDC.
The number of organizations allocating more than 17% of their annual IT budgets for this technology is expected to rise from 7% in 2021 to an estimated 19% in 2023. These investments will be driven by organizations seeking to achieve a competitive advantage by using quantum computing technology to improve and accelerate business processes with enhanced AI capabilities, better security, and optimized algorithms.
Recent survey findings indicate that, at the start of 2021, one fifth of companies interested in quantum computing technology reported current usage and two thirds expect to be experimenting with this technology in the next 18-24 months. This growth is due to global enterprises investing in cloud-based platforms that provide access to quantum computing hardware and software, hiring quantum specialists, training quantum developers, and collaborating with quantum vendors to develop new business solutions.
Complex technology, skillset limitations, lack of available resources, and cost deter some organizations from investing in quantum computing technology. To ease these concerns, quantum computing vendors, select cloud-service providers, and independent software vendors are offering quantum cloud-based solutions that allow organizations to experiment with this technology.
Combined, quantum computing infrastructure as a service (QCIaaS), platform as a service (QCPaaS), and software as a service (QCSaaS) offerings provide organizations access to the quantum computing technology, applications, technical support, and other resources needed to begin the quantum journey.
These services help clients determine the value of adopting quantum computing technology, develop and test quantum algorithms, and become more resilient in a post-quantum era.
Quantum computing is the future industry and infrastructure disruptor for organizations looking to use large amounts of data, artificial intelligence, and machine learning to accelerate real-time business intelligence and innovate product development.
Many organizations from many industries are already experimenting with its potential today to gain a competitive advantage tomorrow, said Heather West, senior research analyst, Infrastructure Systems, Platforms, and Technology at IDC. Organizations interested in quantum computing should not be deterred from investing in this technology as it is likely to become an industry disruptor.
Even though quantum computing is still in a nascent stage, the interest as well as the number of European companies engaging with quantum projects is constantly growing. The most innovative companies across industries have understood that the identification and development of quantum business use cases should start right away, said Stefano Perini, senior research analyst, European Quantum Computing Launchpad co-lead at IDC.
This push is hence progressively contributing to the development of an actual European quantum computing market which is growing year on year.
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Quantum computing investments on the rise - Help Net Security
IBM has partnered with IITs, others to advance training, research in quantum computing – Elets
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The institutions which have been selected, the respective faculty and students will be able to access IBM quantum systems, quantum learning resources and, quantum tools over IBM Cloud for education and research purposes. This will allow these institutions to work on actual quantum computers and program these using the Qiskit open-source framework.
The selected institutions are Indian Institute of Science Education & Research (IISER) Pune, IISER Thiruvananthapuram, Indian Institute of Science (IISc) Bangalore, Indian Institute of Technology (IIT) Jodhpur, IIT- Kanpur, IIT Kharagpur, IIT Madras, Indian Statistical Institute (ISI) Kolkata, Indraprastha Institute of Information Technology (IIIT) Delhi, Tata Institute of Fundamental Research (TIFR) Mumbai and the University of Calcutta.
The collaboration with Indias top institutions is a part IBM Quantum Educators program that helps faculty in the quantum field connect with others. The program offers multiple benefits like additional access to systems beyond IBMs open systems, pulse access on the additional systems, priority considerations when in queue and private collaboration channels with other educators in the program, read an IBM notice.
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IBM has partnered with IITs, others to advance training, research in quantum computing - Elets
Toshiba and 10 other Japanese firms to form quantum tech tie-up – The Japan Times
Eleven Japanese companies, including Toshiba Corp., plan to jointly launch a council this summer in a bid to create a new industry using quantum technology, the companies said Monday.
The council will identify and discuss issues linked to quantum computers, quantum cryptography and other base technologies, as well as those on related human resources and rules, with an aim to explore the possibility of industrializing quantum technology, which is widely expected to play a key role in national security.
Quantum computers have much higher computing capabilities than conventional computers, while quantum cryptography theoretically makes wiretapping impossible.
With the council, the 11 companies, which also include Toyota Motor Corp. and Nippon Telegraph and Telephone Corp., hope to boost their presence at a time when U.S. and Chinese players are vying with each other in the research and development of quantum technology.
This is an all-Japan system aimed at making the country a world innovation leader in quantum technology, Toshiba President Satoshi Tsunakawa said at the councils foundation meeting on Monday.
Also on Monday, online flea market operator Mercari Inc. said it has set up an organization for the research and development of quantum internet, jointly with Keio University and the University of Tokyo.
Quantum internet, which involves the exchange of quantum data, allows users to have safe communication, protecting them from prying eyes.
Mercari plans to encourage other companies to join the organization. Shota Nagayama, a senior researcher at Mercari, said, We want more firms to join our efforts to accumulate knowledge.
The new organization aims to put quantum internet into practical use on a trial basis in 15 years.
These moves highlight that industry-government-academia cooperation is gaining momentum in Japan over the research and development of quantum technology, which is applicable to many sorts of businesses.
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Toshiba and 10 other Japanese firms to form quantum tech tie-up - The Japan Times