Quantum Computing: Moon Shot or the Next Big Thing?
Quantum computing (QC) is a form of computing that uses quantum mechanics to process information. It is not the next generation of classical computing, but rather is a whole new way of processing. QC has the potential to be used in conjunction with classical computers to solve unique problems that require excessive bandwidth, or that are too computationally intensive for classical computers on a daily basis.
QC has attracted billions of dollars of research and development investment from venture capital firms, big tech companies, and governments alike. Only recently however have commercial platforms been robust enough to test quantum computing theory and application. This has caused a stir primarily in the investments community, but even major financial services firms are beginning to show interest. QC could represent a major new market in its early days.
Accessing QC today is not a fast process; it is not like classical computing where buying a new processor is just a mouse click away. QC involves preparation not just for the computers but also what to do with them. This is not just a new computing platform but also a new way of doing business, once business figures out what to do with the new technology.
This report has been written for securities industry market participants to understand the implication of QC in financial markets. Regulators and vendors may benefit from an analysis of how the market is evolving.
Table of Contents
- Executive Summary
- How Quantum Computing Works
- – Making a Quantum Computer
- – Applying Quantum Computing to Financial Services
- Market Players
- – What’s the Market Worth?
- First Applications: Fraud and Cybersecurity
- About the Author
- About Finadium LLC