Book Image

Quantum Computing and Blockchain in Business

By : Arunkumar Krishnakumar
Book Image

Quantum Computing and Blockchain in Business

By: Arunkumar Krishnakumar

Overview of this book

Are quantum computing and Blockchain on a collision course or will they be the most important trends of this decade to disrupt industries and life as we know it? Fintech veteran and venture capitalist Arunkumar Krishnakumar cuts through the hype to bring us a first-hand look into how quantum computing and Blockchain together are redefining industries, including fintech, healthcare, and research. Through a series of interviews with domain experts, he also explores these technologies’ potential to transform national and global governance and policies – from how elections are conducted and how smart cities can be designed and optimized for the environment, to what cyberwarfare enabled by quantum cryptography might look like. In doing so, he also highlights challenges that these technologies have to overcome to go mainstream. Quantum Computing and Blockchain in Business explores the potential changes that quantum computing and Blockchain might bring about in the real world. After expanding on the key concepts and techniques, such as applied cryptography, qubits, and digital annealing, that underpin quantum computing and Blockchain, the book dives into how major industries will be impacted by these technologies. Lastly, we consider how the two technologies may come together in a complimentary way.
Table of Contents (20 chapters)
5
Interview with Dr. Dave Snelling, Fujitsu Fellow
7
Interview with Dr. B. Rajathilagam, Head of AI Research, Amrita Vishwa Vidyapeetham
9
Interview with Max Henderson, Senior Data Scientist, Rigetti and QxBranch
11
Interview with Sam McArdle, Quantum Computing Researcher at the University of Oxford
14
Interview with Dinesh Nagarajan, Partner, IBM
18
Other Books You May Enjoy
19
Index

Introduction to Quantum Computing and Blockchain

It was the best of times, it was the worst of times,
it was the age of wisdom, it was the age of foolishness,
it was the epoch of belief, it was the epoch of incredulity,
it was the season of Light, it was the season of Darkness,
it was the spring of hope, it was the winter of despair.

I am sure Charles Dickens did not foresee quantum computing or Blockchain. His words from 160 years ago, however, still apply to the ebbs and flows we have seen with these two technologies. Quantum computing has been around for a good part of a century. In contrast, Blockchain was first introduced to the world in 2008.

Unlike the Blockchain wave that has hit us in recent years, quantum principles have been around for several decades. Quantum physics has been a very debated field and is fundamental to quantum computing. However, the field of quantum computing has gained momentum in recent times.

Despite the differences in the age of the two technologies, they have had interesting histories. For instance, most people who understand Blockchain agree that the framework is robust. However, the technology is still far from perfect, and that is true for quantum computing too.

The momentum behind quantum computing in the past decade has been largely due to advancements in algorithms and infrastructure. However, in my opinion, it is also because of the data age we live in, and some of the use cases for quantum computers are becoming clearer and relevant. In this chapter, I will cover the history of both these technologies that have had controversial pasts. Their place in modern society as transformational technologies is hard to dispute.