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Take that, Miami: Hong Kong hosts its own Bitcoin meetup – Forkast News

June 8, 2021 | Author: admin

The City of Miami in Florida hosted Bitcoin 2021 the biggest live fest yet in the 12-year life of the original cryptocurrency. The Miami conferences total attendance exceeded 50,000 and featured some of the crypto worlds biggest stars, including Twitter founder Jack Dorsey, MicroStrategys CEO Michael Saylor, crypto progressive Miami Mayor Francis Suarez and the Winklevoss twins Cameron and Tyler Winklevoss.

As Miami Bitcoiners partied on, on the other side of Earth, 9,000 miles away in Hong Kong, a group of 30 or so people gathered for a Bitcoin Association HK meet-up. The Hong Kong Bitcoin fans were not high-profile names but no less enthusiastic. They ranged from blockchain technical experts, mainstream investment advisors, anti-establishment cypherpunks and crypto newbies trying to learn more about the digital assets that are changing the financial world.

Cryptocurrency meet-ups big and small are on the rise around the world. Many of these events can be found on Meetup.com, where gatherings focused on cryptocurrency and blockchain have grown by around 90% since last year, according to Meetup.com data. RSVPs to crypto-related meetings also have also surged by 127% since January 2020 despite the ongoing Covid-19 global pandemic.

The Bitcoin Association of Hong Kong was co-founded in 2014 by Leonhard Weese, who now serves as the clubs president, following the success of a few casual meet-ups that prompted the establishment of a more formal membership organization.

A self-described Bitcoin maximalist, Weese is a technical writer for Lightning Labs and also works to evangelize and promote the Lightning Network a layer 2 protocol for the Bitcoin network that allows faster transactions and negates the cryptocurrencys high fees.

As a student of economics, Weese became fascinated by Bitcoin. The idea that you could create money with a computer and that it exists outside of the realm of central banks or governments and defied the popular assumptions people hold about how money works or how about how the economy works, said Weese, in an interview with Forkast.News. In the beginning, the meetups were really just a tool to get people together to discuss BTC. There wasnt a lot of information about it back then and we ourselves didnt know what Bitcoin was.

Many of the Hong Kong events attendees on that night last week were there for just this purpose to learn more. Some were newbies like Ken Wong, an e-commerce executive who told Forkast.News that he had yet to invest in Bitcoin or other cryptocurrency, but that he believed they held huge potential for the future.

A mainstream investment advisor who asked not to be named, out of fear that his interest in this nascent asset class could worry some of his high-net-worth clients, admitted he was perplexed by the force of the crypto market and had come out of sheer curiosity.

I really want to know where Bitcoins value is coming from they always say, Bitcoin is digital gold but even gold is not really of high value, and it also has a maximum value, the investment advisor said. But Bitcoin is not stopping. It just keeps on going up.

Eugenie Kwok, the owner of After Five at the Fringe Vault the cafe where Hong Kongs Bitcoin meet-up was held was accepting payment in Bitcoin via the Lightning Network. Kwok told Forkast.News that she had been investing in Ethereum, the second-largest cryptocurrency by market capitalization, since 2017, and she believed that cryptocurrencies definitely had a role to play in the future of financial transactions.

Accepting BTC was an easy decision, Kwok said. Throughout the evening many of the Bitcoin Association regulars did utilize the service, exchanging their Satoshis for drinks and food.

While everyone that our Forkast.News crew encountered was friendly, quite a few were unwilling to speak to a reporter on the record. Almost no one would provide contact details for follow up questions beyond highly encrypted platforms like Telegram and Signal.

A hot topic of discussion for the evening event was the position of Hong Kongs Securities and Futures Commission (SFC) which recently proposed to ban the vast majority of the territorys retail investors from buying cryptocurrencies while requiring crypto exchanges to get licenses.

Clifford Choi, the director of the Bitcoin Association, told Forkast.News that he had predicted this scenario years earlier.

Im not really surprised with the SFCs reaction, Choi said. We have the HK government, which is trying to protect this power elite structure, and we also have a lot of political instability, hyperinflation and other global economic pressures that are pushing corporations and governments into Bitcoin and cryptocurrency.

But the SFC is too late to stop small investors from buying and selling Bitcoin, and the proposed regulations will likely only serve to create a far less safe environment for retail crypto traders, Choi said.

Theres a real disconnect between what the law and what software are doing, Choi said. Retail will always have access to decentralized exchanges and the law doesnt have jurisdiction over software.

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Take that, Miami: Hong Kong hosts its own Bitcoin meetup - Forkast News

Honeywell Quantum, Cambridge Quantum Computing form joint venture – Reuters

June 8, 2021 | Author: admin

Honeywell International Inc (HON.O) and quantum computer software startup Cambridge Quantum Computing (CQC) on Tuesday announced they will form a joint venture, integrating Honeywells quantum computer unit with the software maker.

Honeywell will invest between $270 million and $300 million in the new company and have 54% of the new venture. CQC and its investors, including International Business Machines Corp (IBM.N) will hold the rest. Honeywell CEO Darius Adamczyk will be the chairman of the board for the new entity, which will be named later.

Honeywell, a technology and manufacturing company, unveiled its quantum computer in late 2019 after many years of development. It invested and partnered with CQC from 2019.

To really accelerate our path into developing full quantum capabilities for quantum solutions, solving customers' problems, we felt this was the shortest, most compelling path, Adamczyk told Reuters.

Researchers believe quantum computers could operate millions of times faster than todays advanced supercomputers, potentially making possible tasks ranging from mapping complex molecular structures and chemical reactions to boosting the power of artificial intelligence.

Ilyas Khan, the CEO and founder of CQC who will be the CEO of the new venture, said CQC has been a founder member of IBMs quantum ecosystem and will continue to work with IBM and other quantum computer makers, even after the joint venture formation.

There are a number of different hardware choices, and we currently are active users of all of the devices in order to fulfill the ... demand side from our clients. So we will always choose the best machine for the job in hand, said Khan.

Quantum computing startups received a record $796 million of venture capital funding globally last year, according to data firm PitchBook.

Our Standards: The Thomson Reuters Trust Principles.

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With cyberattacks on the rise, organizations are already bracing for devastating quantum hacks – CNBC

June 8, 2021 | Author: admin

Amidst the houses and the car parks sits GCHQ, the Government Communications Headquarters, in this aerial photo taken on October 10, 2005.

David Goddard | Getty Images

LONDON A little-known U.K. company called Arqit is quietly preparing businesses and governments for what it sees as the next big threat to their cyber defenses: quantum computers.

It's still an incredibly young field of research, however some in the tech industry including the likes of Google, Microsoft and IBM believe quantum computing will become a reality in the next decade. And that could be worrying news for organizations' cyber security.

David Williams, co-founder and chairman of Arqit, says quantum computers will be several millions of times faster than classical computers, and would be able to break into one of the most widely-used methods of cryptography.

"The legacy encryption that we all use to keep our secrets safe is called PKI," or public-key infrastructure, Williams told CNBC in an interview. "It was invented in the 70s."

"PKI was originally designed to secure the communications of two computers," Williams added. "It wasn't designed for a hyper-connected world where there are a billion devices all over the world communicating in a complex round of interactions."

Arqit, which is planning to go public via a merger with a blank-check company, counts the likes of BT, Sumitomo Corporation, the British government and the European Space Agency as customers. Some of its team previously worked for GCHQ, the U.K. intelligence agency. The firm only recently came out of "stealth mode" a temporary state of secretness and its stock market listing couldn't be more timely.

The past month has seen a spate of devastating ransomware attacks on organizations from Colonial Pipeline, the largest fuel pipeline in the U.S., to JBS, the world's largest meatpacker.

Microsoft and several U.S. government agencies, meanwhile, were among those affected by an attack on IT firm SolarWinds. President Joe Biden recently signed an executive order aimed at ramping up U.S. cyber defenses.

Quantum computing aims to apply the principles of quantum physics a body of science that seeks to describe the world at the level of atoms and subatomic particles to computers.

Whereas today's computers use ones and zeroes to store information, a quantum computer relies on quantum bits, or qubits, which can consist of a combination of ones and zeroes simultaneously, something that's known in the field as superposition. These qubits can also be linked together through a phenomenon called entanglement.

Put simply, it means quantum computers are far more powerful than today's machines and are able to solve complex calculations much faster.

Kasper Rasmussen, associate professor of computer science at the University of Oxford, told CNBC that quantum computers are designed to do "certain very specific operations much faster than classical computers."

That it is not to say they'll be able to solve every task. "This is not a case of: 'This is a quantum computer, so it just runs whatever application you put on there much faster.' That's not the idea," Rasmussen said.

This could be a problem for modern encryption standards, according to experts.

"When you and I use PKI encryption, we do halves of a difficult math problem: prime factorisation," Williams told CNBC. "You give me a number and I work out what are the prime numbers to work out the new number. A classic computer can't break that but a quantum computer will."

Williams believes his company has found the solution. Instead of relying on public-key cryptography, Arqit sends out symmetric encryption keys long, random numbers via satellites, something it calls "quantum key distribution." Virgin Orbit, which invested in Arqit as part of its SPAC deal, plans to launch the satellites from Cornwall, England, by 2023.

Some experts say it will take some time before quantum computers finally arrive in a way that could pose a threat to existing cyber defenses. Rasmussen doesn't expect them to exist in any meaningful way for at least another 10 years. But he's not complacent.

"If we accept the fact that quantum computers will exist in 10 years, anyone with the foresight to record important conversations now might be in a position to decrypt them when quantum computers come about," Rasmussen said.

"Public-key cryptography is literally everywhere in our digitized world, from your bank card, to the way you connect to the internet, to your car key, to IOT (internet of things) devices," Ali Kaafarani, CEO and founder of cybersecurity start-up PQShield, told CNBC.

The U.S. Commerce Department's National Institute of Standards and Technology is looking to update its standards on cryptography to include what's known as post-quantum cryptography, algorithms that could be secure against an attack from a quantum computer.

Kaafarani expects NIST will decide on new standards by the end of 2021. But, he warns: "For me, the challenge is not the quantum threat and how can we build encryption methods that are secure. We solved that."

"The challenge now is how businesses need to prepare for the transition to the new standards," Kaafarani said. "Lessons from the past prove that it's too slow and takes years and decades to switch from one algorithm to another."

Williams thinks firms need to be ready now, adding that forming post-quantum algorithms that take public-key cryptography and make it "even more complex" are not the solution. He alluded to a report from NIST which noted challenges with post-quantum cryptographic solutions.

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With cyberattacks on the rise, organizations are already bracing for devastating quantum hacks - CNBC

Swedish university is behind quantum computing breakthrough – ComputerWeekly.com

June 8, 2021 | Author: admin

Swedens Chalmers University of Technology has achieved a quantum computing efficiency breakthrough through a novel type of thermometer that is capable of simplifying and rapidly measuring temperatures during quantum calculations.

The discovery adds a more advanced benchmarking tool that will accelerate Chalmers work in quantum computing development.

The novel thermometer is the latest innovation to emerge from the universitys research to develop an advanced quantum computer. The so-called OpenSuperQ project at Chalmers is coordinated with technology research organisation the Wallenberg Centre for Quantum Technology (WACQT), which is the OpenSuperQ projects main technology partner.

WACQT has set the goal of building a quantum computer capable of performing precise calculations by 2030. The technical requirements behind this ambitious target are based on superconducting circuits and developing aquantum computer with at least 100 well-functioning qubits. To realise this ambition, the OpenSuperQ project will require a processor working temperature close to absolute zero, ideally as low as 10 millikelvin (-273.14 C).

Headquartered at Chalmers Universitys research hub in Gothenburg, the OpenSuperQ project, launched in 2018, is intended to run until 2027. Working alongside the university in Gothenburg, WACQT is also operating support projects being run at the Royal Institute of Technology (Kungliga Tekniska Hgskolan) in Stockholm and collaborating universities in Lund, Stockholm, Linkping and Gothenburg.

Pledged capital funding for the WACQT-managed OpenSuperQ project which has been committed by the Knut and Alice Wallenberg Foundation together with 20 other private corporations in Sweden, currently amounts to SEK1.3bn (128m). In March, the foundation scaled up its funding commitment to WACQT, doubling its annual budget to SEK80m over the next four years.

The increased funding by the foundation will lead to the expansion of WACQTs QC research team, and the organisation is looking to recruit a further 40 researchers for the OpenSuperQ project in 2021-2022. A new team is to be established to study nanophotonic devices, which can enable the interconnection of several smaller quantum processors into a large quantum computer.

The Wallenberg sphere incorporates 16 public and private foundations operated by various family members. Each year, these foundations allocate about SEK2.5bn to research projects in the fields of technology, natural sciences and medicine in Sweden.

The OpenSuperQ project aims to take Sweden to the forefront of quantum technologies, including computing, sensing, communications and simulation, said Peter Wallenberg, chairman of the Knut and Alice Wallenberg Foundation.

Quantum technology has enormous potential, so it is vital that Sweden has the necessary expertise in this area. WACQT has built up a qualified research environment and established collaborations with Swedish industry. It has succeeded in developing qubits with proven problem-solving ability. We can move ahead with great confidence in what WACQT will go on to achieve.

The novel thermometer breakthrough opens the door to experiments in the dynamic field of quantum thermodynamics, said Simone Gasparinetti, assistant professor at Chalmers quantum technology laboratory.

Our thermometer is a superconducting circuit and directly connected to the end of the waveguide being measured, said Gasparinetti. It is relatively simple and probably the worlds fastest and most sensitive thermometer for this particular purpose at the millikelvin scale.

Coaxial cables and waveguides the structures that guide waveforms and serve as the critical connection to the quantum processor remain key components in quantum computers. The microwave pulses that travel down the waveguides to the quantum processor are cooled to extremely low temperatures along the way.

For researchers, a fundamental goal is to ensure that these waveguides are not carrying noise due to the thermal motion of electrons on top of the pulses that they send. Precise temperature measurement readings of the electromagnetic fields are needed at the cold end of the microwave waveguides, the point where the controlling pulses are delivered to the computers qubits.

Working at the lowest possible temperature minimises the risk of introducing errors in the qubits. Until now, researchers have only been able to measure this temperature indirectly, and with relatively long delays. Chalmers Universitys novel thermometer enables very low temperatures to be measured directly at the receiving end of the waveguide with elevated accuracy and with extremely high time resolution.

The novel thermometer developed at the university provides researchers with a value-added tool to measure the efficiency of systems while identifying possible shortcomings, said Per Delsing, a professor at the department of microtechnology and nanoscience at Chalmers and director of WACQT.

A certain temperature corresponds to a given number of thermal photons, and that number decreases exponentially with temperature, he said. If we succeed in lowering the temperature at the end where the waveguide meets the qubit to 10 millikelvin, the risk of errors in our qubits is reduced drastically.

The universitys primary role in the OpenSuperQ project is to lead the work on developing the application algorithms that will be executed on the OpenSuperQ quantum computer. It will also support the development of algorithms for quantum chemistry, optimisation and machine learning.

Also, Chalmers will head up efforts to improve quantum coherence in chips with multiple coupled qubits, including device design, process development, fabrication, packaging and testing. It will also conduct research to evaluate the performance of 2-qubit gates and develop advanced qubit control methods to mitigate systematic and incoherent errors to achieve targeted gate fidelities.

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Swedish university is behind quantum computing breakthrough - ComputerWeekly.com

The ‘second quantum revolution’ is almost here. We need to make sure it benefits the many, not the few – The Conversation AU

June 8, 2021 | Author: admin

Over the past six years, quantum science has noticeably shifted, from the domain of physicists concerned with learning about the universe on extremely small scales, to a source of new technologies we all might use for practical purposes. These technologies make use of quantum properties of single atoms or particles of light. They include sensors, communication networks, and computers.

Quantum technologies are expected to impact many aspects of our society, including health care, financial services, defence, weather modelling, and cyber security. Clearly, they promise exciting benefits. Yet the history of technology development shows we cannot simply assume new tools and systems will automatically be in the public interest.

We must look ahead to what a quantum society might entail and how the quantum design choices made today might impact how we live in the near future. The deployment of artificial intelligence and machine learning over the past few years provides a compelling example of why this is necessary.

Lets consider an example. Quantum computers are perhaps the best-known quantum technology, with companies like Google and IBM competing to achieve quantum computation. The advantage of quantum computers lies in their ability to tackle incredibly complex tasks that would take a normal computer millions of years. One such task is simulating molecules behaviour to improve predictions about the properties of prospective new drugs and accelerate their development.

One conundrum posed by quantum computing is the sheer expense of investing in the physical infrastructure of the technology. This means ownership will likely be concentrated among the wealthiest countries and corporations. In turn, this could worsen uneven power distribution enabled by technology.

Other considerations for this particular type of quantum technology include concerns about reduced online privacy.

How do we stop ourselves blundering into a quantum age without due forethought? How do we tackle the societal problems posed by quantum technologies, while nations and companies race to develop them?

Last year, CSIRO released a roadmap that included a call for quantum stakeholders to explore and address social risks. An example of how we might proceed with this has begun at the World Economic Forum (WEF). The WEF is convening experts from industry, policy-making, and research to promote safe and secure quantum technologies by establishing an agreed set of ethical principles for quantum computing.

Australia should draw on such initiatives to ensure the quantum technologies we develop work for the public good. We need to diversify the people involved in quantum technologies in terms of the types of expertise employed and the social contexts we work from so we dont reproduce and amplify existing problems or create new ones.

Read more: Scientists want to build trust in science and technology. The alternative is too risky to contemplate

While we work to shape the impacts of individual quantum technologies, we should also review the language used to describe this second quantum revolution.

The rationale most commonly used to advocate for the field narrowly imagines public benefit of quantum technologies in terms of economic gain and competition between nations and corporations. But framing this as a race to develop quantum technologies means prioritising urgency, commercial interests and national security at the expense of more civic-minded concerns.

Its still early enough to do something about the challenges posed by quantum technologies. Its also not all doom and gloom, with a variety of initiatives and national research and development policies setting out to tackle these problems before they are set in stone.

We need discussions involving a cross-section of society on the potential impacts of quantum technologies on society. This process should clarify societal expectations for the emerging quantum technology sector and inform any national quantum initiative in Australia.

Read more: Why are scientists so excited about a recently claimed quantum computing milestone?

Global Quantum Computing Market to Gain $667.3 Million and Surge at a CAGR of 30.0% from 2020-2027 Timeframe – Exclusive [193 pages] COVID-19 Impact…

June 8, 2021 | Author: admin

The global quantum computing industry is projected to surge from 2020 to 2027 due to the rise in the number of cyber-attacks across the world. Consulting solutions sub-segment is estimated to be the most profitable. The European market is estimated to be the most dominating during the forecasted period.

New York, USA, June 07, 2021 (GLOBE NEWSWIRE) -- According to a recent report studied by Research Dive, the global quantum computing market is speculated to exceed $667.3 million by the end of 2027, rising from a market size of $88.2 million in 2019, at a growth rate of 30.0% during 2020-2027 estimated timeframe. The report highlights the coronavirus mayhem impact on the market, major drivers, hindrances, and regional outlook of the market. The research methodology used in the report is a combination of both primary and secondary research methods.

Download FREE Sample Report of the Global Quantum Computing Market: https://www.researchdive.com/download-sample/8332

Covid-19 Outbreak Impact on the Global Market

The quantum computing market is anticipated to experience a positive impact globally during the coronavirus crises. The reason for market growth is that quantum technology offers augmented performance computing that can shift dynamics for quantum chemistry. Further, quantum technology provides exponential speed for amplified optimization and vital calculations. These facets are predicted to govern the market growth during the coronavirus emergency.

Check out How COVID-19 impacts the Global Quantum Computing Market. Click here to Connect with our Analyst to get more Market Insight: https://www.researchdive.com/connect-to-analyst/8332

Aspects Impacting the Market

The global quantum computing market is projected to witness progressive growth due to rise in the cyber-attack cases. Quantum technology assures security to software systems and applications and protects vital data of organizations from attacks such as ransomware, phishing, worms, and much more. Furthermore, key companies of the market are planning strategic frameworks by utilizing quantum personal computers for cyber-security. These aspects are anticipated to surge the market growth during the forecasted timeframe. However, a lack of awareness of quantum technology and unskilled employees is expected to hinder the market growth. On the other hand, the ability of quantum technology to aid farmers in augmenting the yield and efficiency of plants is projected to create promising opportunities for the market growth.

Story continues

Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

Consulting Solutions Sub-Segment to be the Most Profitable

From the offerings type segment, the consulting solutions sub-segment is anticipated to reach newer heights during the timeframe. The sub-segment is expected to register a revenue of $354.0 million by the end of the 2027 timeframe. The sub-segment upsurge is due to the usage of quantum computing in applications such as drug discovery, formulation of chemicals, material science, and automotive. Apart from this, it is also used in the chemical industry, aerospace & defense, healthcare, and energy & power sectors. These wide-scale applications are speculated to bolster the growth of the sub-segment during the forecasted years.

Check out all Information and communication technology & media Industry Reports: https://www.researchdive.com/information-and-communication-technology-and-media

Machine Learning Sub-Segment to Gain Maximum Revenue

From the application segment, the machine learning sub-segment is projected to achieve maximum revenue during the forecasted timeframe. The sub-segment is anticipated to cross $236.9 million by the end of 2027, rising from a market share of $29.7 million in the year 2019. The ability of quantum learning to accelerate machine learning such as optimization, deep learning, Kernel evaluation, and linear algebra is expected to propel the sub-segment market growth during the analyzed timeframe.

Finance & Banking Sub-Segment to Witness Rapid Growth

From the end-user segment, the finance & banking sub-division is speculated to grow rapidly and register a revenue of $159.2 million by 2027. The sub-segment growth is due to the usage of quantum technology in banking for supporting the large-frequency trading aspect.

Regional Outlook

The European market was expected to hold a market size of $28.2 million in 2019 and is speculated to garner a revenue of $221.2 million by the end of 2027. The market growth is mainly attributed to the extensive use of quantum computing in fields such as chemicals, healthcare, pharmaceuticals, and utilities. Moreover, its usage in cryptography, novel drugs, defense, and cybersecurity is predicted to drive the global market during the estimated timeframe.

Major Key Players

QC Ware, Corp. Cambridge Quantum Computing Limited D-Wave Systems Inc., International Business Machines Corporation Rigetti Computing 1QB Information Technologies River Lane Research StationQ Microsoft Anyon Google Inc.

These leading players are planning varied strategies such as acquisitions of companies, product developments, tie-ups & collaborations for maximizing profits, research & development, and organizational development to gain an upper edge in the market worldwide. For example, in April 2021, Nvidia, a computer systems design services company, revealed cuQuantum SDK. This product is a developmental platform for revitalizing quantum circuits on GPU-accelerated systems.

The report consists of various facets of all the vital players that are operative in the market such as financial performance, product portfolio, present strategic moves, major developments and SWOT. Click Here to Get Absolute Top Companies Development Strategies Summary Report.

TRENDING REPORTS WITH COVID-19 IMPACT ANALYSIS

Advanced Persistent Threat (APT) Protection Market https://www.researchdive.com/8335/advanced-persistent-threat-apt-protection-market

Network Slicing Market https://www.researchdive.com/5670/network-slicing-market

Signal Intelligence (SIGINT) Market https://www.researchdive.com/5478/signals-intelligence-sigint-market

Application Security Market https://www.researchdive.com/5735/application-security-market

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Global Quantum Computing Market to Gain $667.3 Million and Surge at a CAGR of 30.0% from 2020-2027 Timeframe - Exclusive [193 pages] COVID-19 Impact...

UK govt and IBM together to build 210M AI & quantum computing centre in Daresbury – UKTN (UK Technology News

June 8, 2021 | Author: admin

Modern-day complex problems require power-packed technological solutions to revamp industrial growth. UK government is stepping into helping industries get maximum access to the latest technology and modernising by establishing an AI and quantum computing centre in Daresbury, Cheshire.

The government will invest 172m over five years through UK Research and Innovation (UKRI) with a further investment of 38m from computing giant IBM. The centre is now aimed at developing next-generation computers using AI and quantum computing technologies to help out the businesses future-ready.

The Centre will be operated through collaboration between IBM and the Science and Technology Facilities Council (STFC). The Hartree National Centre for Digital Innovation (HNCDI) programme will create 60 new job and exciting opportunities for students to witness complex problem solving through technology application.

Further, the centre will support AI & Quantum Computing application to tasks such as optimising complex logistics, power grid distribution, designing and manufacturing, traffic management, warehouse management and product innovation.

HNCDI will work with different sectors, including materials, life sciences, environment and manufacturing. It will also engage in collaboration with academic and industrial research communities, startups as well as small and medium-sized enterprises (SMEs).

Ms Solloway, the science minister said quantum computing and AI were not just far-fetched ideas, but real technologies that are already transforming our lives. Artificial intelligence and quantum computing have the potential to revolutionise everything from the way we travel to the way we shop. The building blocks of everyday products like your laptop or your phone are already products of quantum technology, harnessing the unique ways that light and matter behave at tiny atomic or subatomic levels.

Further, she added, This fantastic new partnership with IBM will not only help businesses get ready for the future of computing but create 60 jobs in the region boosting innovation and growing the economy as we build back better from the pandemic.

A spokesman for the Department for Business, Energy and Industrial Strategy said the centres aim was to make cutting-edge technologies like AI and quantum computing more accessible to businesses and public sector organisations.

As well as breaking down practical barriers to using new technologies, the team of experts will also provide training and support to make sure the UK is at the forefront of the next generation of computing, he added.

Prof Mark Thomson, STFCs executive chairman said that by allowing industry to access a ready-made community of digital experts and cutting-edge technology, it will provide momentum for new ideas and solutions.

This programme has the potential to transform the way UK industry engages with AI and digital technologies, to the benefit of not just research communities but all of society.

Senior VP and Director of IBM Research, Mr Dario Gil said that This partnership establishes our first Discovery Accelerator in Europe driven by our two UK-based IBM Research locations in Hursley and Daresbury as they contribute to our global mission of building discovery-driven communities around the world.

Archer Materials "one of the front-runners" in the quantum computing economy – Proactive Investors Australia

June 8, 2021 | Author: admin

'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

Bristol startup scores 3.1M to control next-gen quantum hacks threatening the future of internet – UKTN (UK Technology News

June 8, 2021 | Author: admin

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

Quantum Computing & Technologies Market Share at a CAGR of 32.5 %, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts…

June 8, 2021 | Author: admin

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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Take that, Miami: Hong Kong hosts its own Bitcoin meetup – Forkast News

Honeywell Quantum, Cambridge Quantum Computing form joint venture – Reuters

With cyberattacks on the rise, organizations are already bracing for devastating quantum hacks – CNBC

Swedish university is behind quantum computing breakthrough – ComputerWeekly.com

The ‘second quantum revolution’ is almost here. We need to make sure it benefits the many, not the few – The Conversation AU

Global Quantum Computing Market to Gain $667.3 Million and Surge at a CAGR of 30.0% from 2020-2027 Timeframe – Exclusive [193 pages] COVID-19 Impact…

UK govt and IBM together to build 210M AI & quantum computing centre in Daresbury – UKTN (UK Technology News

Archer Materials "one of the front-runners" in the quantum computing economy – Proactive Investors Australia

Bristol startup scores 3.1M to control next-gen quantum hacks threatening the future of internet – UKTN (UK Technology News

Quantum Computing & Technologies Market Share at a CAGR of 32.5 %, Trends, Growth, Sales, Demand, Revenue, Size, Forecast and COVID-19 Impacts…

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