It’s little wonder that some of the biggest names in technology, banking, and pharmaceuticals are making heavy investments in quantum technology.
Imagine financial institutions using quantum computing to more accurately calculate risk, allowing them to promote inclusion while simultaneously strengthening their balance sheets and reducing threats to the financial system.
Closer to home, deploying quantum technologies to run economic models could greatly strengthen our understanding of the economy and the way it reacts to shifts in the Fed’s monetary policy.
A cause for more worry is the prospect of quantum technologies falling into the wrong hands. One thing is for certain: Current methods of encryption will not stand up to quantum cryptography.