Category Archives: Quantum Computing
Scientists invent tiny device that creates ice-cold electricity for quantum computers – Study Finds
The LANES lab's 2D device made of graphene and indium selenide ( Alain Herzog)
LAUSANNE, Switzerland Scientists have created a miniature 2D device that can convert heat into electricity with record-breaking efficiency at temperatures lower than in outer space! This breakthrough could revolutionize how we power sensitive quantum computers and explore exotic physics in extremely cold environments.
In the journalNature Nanotechnology, a team of researchers from Switzerland and Japan revealed their electrically-tunable Nernst effect device made from atomically-thin layers of different materials stacked together. Their tiny chip, measuring just micrometers across, can generate useful electrical signals from small temperature differences even at a frigid 100 millikelvin just a fraction of a degree above absolute zero.
The device takes advantage of the Nernst effect, where a voltage is generated perpendicular to both a temperature gradient and magnetic field in certain materials. While this effect has been known for over a century, making it work well in extreme cold has been an ongoing challenge until now.
We are the first to create a device that matches the conversion efficiency of current technologies, but that operates at the low magnetic fields and ultra-low temperatures required for quantum systems. This work is truly a step ahead, says Gabriele Pasquale, a PhD student at EPFLs Laboratory of Nanoscale Electronics and Structures (LANES), in a media release.
The key to the teams success was carefully combining different two-dimensional materials into a van der Waals heterostructure essentially a stack of ultra-thin layers held together by weak atomic forces.
They started with a base layer of graphene a single-atom-thick sheet of carbon with excellent electrical properties. On top of this, they placed a few layers of indium selenide (InSe), a semiconductor with intriguing thermoelectric characteristics. The whole stack was then encapsulated in insulating layers of hexagonal boron nitride for protection.
The researchers fabricated their devices using advanced clean-room techniques to ensure the highest quality and purity of materials. They then cooled the chips down to just above absolute zero in a special refrigerator called a dilution fridge.
To test the devices, the team used a focused laser to create localized heating and sophisticated electronic measurements to detect the resulting signals. They also applied magnetic fields and varied the electrical charge in the device using additional electrodes.
The team observed a Nernst effect signal that could be switched on and off electrically with an unprecedented ratio of 1,000 to 1. This means the device can be precisely controlled using standard electronic components.
Even more impressively, they measured a Nernst coefficient a measure of the strength of the effect of 66.4 microvolts per kelvin per tesla. This is the highest value ever reported at such low temperatures and modest magnetic fields.
The researchers also found that their heterostructure design amplified the Nernst effect compared to using graphene or indium selenide alone. This synergistic enhancement points to new ways of engineering improved thermoelectric materials.
If you think of a laptop in a cold office, the laptop will still heat up as it operates, causing the temperature of the room to increase as well. In quantum computing systems, there is currently no mechanism to prevent this heat from disturbing the qubits. Our device could provide this necessary cooling, Pasquale explains.
This breakthrough has significant implications for both fundamental physics and practical applications. On the basic science side, it provides a new tool for probing exotic quantum states of matter that only emerge at ultra-low temperatures.
On the applied side, the technology could find use in quantum computing, where precise control of heat flow is critical. It might enable new types of quantum sensors or help manage waste heat in superconducting circuits.
The team is now working to further optimize their devices and explore different material combinations. Theyre also investigating how to scale up production for practical applications.
These findings represent a major advancement in nanotechnology and hold promise for developing advanced cooling technologies essential for quantum computing at millikelvin temperatures, Pasquale concludes. We believe this achievement could revolutionize cooling systems for future technologies.
See the original post:
Scientists invent tiny device that creates ice-cold electricity for quantum computers - Study Finds
The 3 Best Quantum Computing Stocks to Buy in July 2024 – InvestorPlace
Analysts state that the financial services sector is expected to see significant benefits from quantum computing through enhanced portfolio optimization and fraud detection capabilities. Throughout all of this, the healthcare industry is anticipated to leverage quantum computing for drug discovery and personalized medicine. As the technology evolves, we will see a transition from physical qubits to more stable, error-corrected logical qubits. This will enhance the reliability of quantum computations. So now could be a great time for investors to consider these quantum computing stocks to buy.
Here are three companies to consider.
Source: Amin Van / Shutterstock.com
IonQ (NYSE:IONQ) is a leading developer of quantum computing systems and software. The company uses trapped ion technology to create quantum computers with high-fidelity qubits and low error rates.
There are a few reasons Im bullish on IONQ. The average analyst rating for IonQ is a Buy. The consensus price target is $16.50. Furthermore, this representing a potential upside of 141.23% from the current stock price.
Also, analysts expect IonQs revenue to grow at a rapid pace, with a 5-year revenue growth forecast of 95.40%. If the company can maintain this growth trajectory and improve its profitability, the stocks valuation may become more attractive over time.
IonQ also has a strong balance sheet with a net cash position of $359.72 million, or $1.70 per share. Moreover, this provides the company with financial flexibility to invest in growth opportunities and weather potential challenges. Also, this is hedging against short-term fears of shareholder dilution through the issuance of new shares.
Source: Bartlomiej K. Wroblewski / Shutterstock.com
D-Wave Quantum (NYSE:QBTS) is a leader in quantum computing systems, software, and services. People know this company for its quantum annealing technology.
I think that QBTS could be one of the frontrunners in the quantum computing arms race for a few reasons.
QBTS launched the fast-anneal feature. This is now available on all of its quantum processing units (QPUs) in the Leap real-time quantum cloud service. Furthermore, this feature allows users to perform quantum computations at unprecedented speeds. As a result, this will significantly reduce the impact of external disturbances such as thermal fluctuations and noise.
In the press release, QBTS states that the fast-anneal feature has generated significant interest from commercial and academic researchers who are eager to leverage its capabilities for building world-class applications, expanding benchmarking studies, and exploring the potential benefits of increased coherence in various industrial applications.
In terms of financial forecasts, D-Wave Quantums revenue may grow by 46.02% this year to $12.79 million, and by 101.46% next year to $25.76 million. While the company is still expected to report losses in the coming years, the magnitude of those losses is projected to decrease
Source: Boykov / Shutterstock.com
Rigetti Computing (NASDAQ:RGTI) is a pioneer in quantum computing, offering full-stack quantum-classical computing services. The company provides its services through Rigetti Quantum Cloud Services, serving global enterprise, government, and research clients.
The average analyst rating for RGTI is strong buy, with a consensus price target of $3.17, representing a potential upside of 217.41% from the current stock price of around $1 at the time of writing.
Also, RGTIs revenue is expected to grow by 29.96% this year to $15.61 million and by 88.86% next year to $29.47 million. The companys 5-year revenue growth forecast is 70.72%, indicating a strong growth trajectory.
This optimism is reflected in RGTIs valuation, RGTI has a high price-to-sales (PS) ratio of 13 times sales and a forward PS ratio of 10, so the market is pricing in some very strong expectations for the company. This companys valuation though is slightly on the smaller side compared with its peers in the industry, which could mean it may be an undervalued opportunity also.
On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.
Follow this link:
The 3 Best Quantum Computing Stocks to Buy in July 2024 - InvestorPlace
Wasiq Bokhari Joins Pasqal to Revolutionize Quantum Computing with Neutral Atom Technology & Unmatched Team Collaboration – The Quantum Insider
Why did Wasiq Bokhari, Chairperson at Pasqal, join the pioneering neutral atom quantum computing company?
In his own words in a recent interview: Three principal reasons: first, I am just very interested in the whole quantum computing space. It is an amazing threshold of capability that we are about to cross, and I just want to be part of this.
Bokharis enthusiasm for quantum computings transformative potential is palpable, but he also cites the caliber of Pasqals team as a driving factor.
Second, its the team, its the peoplebrilliant, motivated, really good people, he said. One of the things Ive learned is always work with exceptional people, so I want to be part of the team.
However, it is Pasqals unique approach that sets it apart in Bokharis eyes.
The third is the approach, and on the approach, there are two things I would like to point out, Bokhari went on. First is the neutral atom approach itself; it is very scalable and has a lot of built-in advantages that other approaches do not have. But the second is the overall engineering approach that the team has taken from the very beginning.
This engineering mindset is a cornerstone of Pasqals ethos, as Bokhari elaborated: It has never been about only demonstrating something in a lab but how can we build systems that can be deployed in the real world and can solve real-world problems today versus waiting for a long period of time? How can we engage with customers?
Bokhari sees quantum computing as a transformative force.
The advent of scalable quantum computing is a fundamentally disruptive and redefining moment for us, he said, before adding that Quantum computing, enabled by us, will become a pillar of all computation along with traditional high-performance computing and all sorts of generative or non-generative AI methods. It becomes a third pillar.
At the heart of Pasqals approach is a relentless pursuit of solving complex problems.
We are super mindful about solving the hard fundamental problems that give an edge to quantum computing; we dont shy away from the hard problems, we run towards them because thats the fundamental edge that you get through the use of quantum computing, said Bokhari.
Pasqals commitment to real-world impact is unwavering, as Bokhari affirmed: The second thing thats important to us is to build systems that are not one-offs but are scalable. This requires very good, in fact, excellent engineering discipline and thinking about scalability, thinking about repeatability, thinking about yields from the very upfront in terms of the design, from every component all the way up to the systems.
Engaging with customers and solving their critical challenges is paramount to Pasqals mission.
We should not shy away from engaging with customers and engaging with their real business-critical problems because only by getting in direct contact with what matters and what delivers value can we focus our energies on delivering something that is valuable, said Bokhari.
Under Bokharis leadership, Pasqal is forging a collaborative path with its customers: Today, we view this journey as a journey together with our customers. Its a collaborative journey. We would like our customers to challenge us with hard problems, with problems that matter to them.
With its groundbreaking neutral atom technology, exceptional team, and unwavering customer-centric approach, Pasqal is poised to shape the future of quantum computing under Bokharis visionary guidance.
Go here to read the rest:
Wasiq Bokhari Joins Pasqal to Revolutionize Quantum Computing with Neutral Atom Technology & Unmatched Team Collaboration - The Quantum Insider
AI, quantum computing and tokenisation set to transform finance Menon – Central Banking
End of drawer navigation content Skip to main content But significant barriers remain preventing the technologies from unlocking their full potential
Ravi Menon
Asset tokenisation, artificial intelligence (AI) and quantum computing are the three breakthrough technologies that have the best prospects for transforming finance, according to Ravi Menon, former managing director of the Monetary Authority of Singapore (MAS).
Menon told an audience at the Point Zero conference in Switzerland on July 3 that he believed harnessing fintech would have deeply impactful benefits, so long as substantial risks associated with new technology are mitigated. He also
Please try again later. Get in touch with our customer services team if this issue persists.
New to Central Banking? View our subscription options
If you already have an account, please sign in here.
Risk.net, FX Markets.com, WatersTechnology.com, Central Banking.com, PostOnline.co.uk, InsuranceAge.co.uk, RiskTechForum.com and Chartis-Research.com.
Please use your existing password to sign in.
All fields are mandatory unless otherwise highlighted
Most read articles loading...
Back to Top
You need to sign in to use this feature. If you dont have a Central Banking account, please register for a trial.
You need to sign in to use this feature. If you dont have a Central Banking account, please register for a trial.
To use this feature you will need an individual account. If you have one already please sign in.
Alternatively you can request an individual account
Read more here:
AI, quantum computing and tokenisation set to transform finance Menon - Central Banking
Universal Quantum CEO Sebastian Weidt Discusses the Future & Challenges of Quantum Computing – The Quantum Insider
Just made public by his company, Sebastian Weidt, CEO of Universal Quantum, provided valuable insights into the future of quantum computing at the Web Summit in Lisbon in November 2023. While acknowledging the current hype surrounding the technology, Weidt underlined the long-term potential and challenges facing the industry.
Weidt explained quantum computing as a new form of doing computations that utilizes strange quantum effects to solve problems exponentially faster than traditional supercomputers. However, he cautioned that significant scaling is required before quantum computers can deliver on their promise.
We really need to scale these machines from where we are at the moment tens of qubits hundreds of qubits to millions of qubits, said Weidt. Thats a scary target that were aiming for here, but this is what ultimately must happen to unlock these applications.
Quantum error correction is, indeed, one of the fundamental problems with quantum computing. Weidt added that inherently, quantum systems were fragile and prone to errors. This is countered by developing error correction algorithms, which also need many physical qubits to create logical qubits of stability.
Regarding potential applications, Weidt expressed excitement about drug discovery: I think theres a lot of excitement for me personally as well around drug discovery. I think using these quantum computers to understand chemical reactions better, molecular structures better, which is at the heart of developing new drugs and currently is really hard using our currently available computing technology.
When asked about the timeline for practical quantum computers, Weidt was cautiously optimistic.
It would be nice to get some utility to something where you really feel a change because of quantum computing maybe a new drug was developed because of that, maybe we understand climate change better, maybe a new material, he answered. Theres a huge push to do that this decade, but I think this can definitely leak into the next decade as well.
Weidt also addressed concerns about quantum computers breaking current encryption systems. He urged businesses to prepare now: Please, please, please look at your encryption algorithms and check if they are quantum secure. Please make those changes now.
Looking to the future, Weidt sees a hybrid computing architecture where quantum and classical computers work together seamlessly. He punctuated that quantum computers wont replace classical systems but will complement them for specific problem-solving tasks.
As the quantum computing field continues to evolve, Weidts insights provide a balanced perspective on both the challenges and immense potential of this groundbreaking technology.
Featured image: Credit: Web Summit
View original post here:
Universal Quantum CEO Sebastian Weidt Discusses the Future & Challenges of Quantum Computing - The Quantum Insider
Copenhagen-based Kvantify secures 10 million to unlock quantum computing for the life science sector – EU-Startups
Kvantify, a leading quantum software start-up, has announced the successful closure of a 10 million seed round. This funding will enable Kvantify to strengthen its position as a global leader in quantum computing, with an initial focus on developing applications for the life science sector.
The seed round is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.
Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapitals first investment outside the therapeutics space.
Hans Henrik Knudsen, CEO of Kvantify, commented: On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.
The investment will accelerate the development of Kvantifys innovative solutions that aim to leverage quantum computing to address complex problems in drug discovery and beyond. It will also boost the further development of quantum algorithms for chemical simulation, expanding their applicability across various industries.
With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients, said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.
Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.
Were thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve todays seemingly impossible problems and serve as a crucial tool in designing the solutions of the future, added Carsten Salling, General Partner at Dreamcraft.
Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.
Kvantifys focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational eiciency, Kvantify is perfectly placed to bring tremendous value to commercial markets, said Marco Stutz, Partner at Redstone.
Post-Quantum Cryptography (PQC) in Industrial and Critical Infrastructure Networks | by Cyber Safe Institute | Jul, 2024 – Medium
The rapid development of quantum computers poses a significant threat to current cybersecurity practices. While this has spurred considerable development in quantum-resistant cryptography, particularly in IT, integrating these advancements into the realm of industrial and critical infrastructure networks requires a tailored approach. The unique characteristics of these networks demand specialized solutions for maintaining security in a post-quantum world.
Industrial Control Systems (ICSs) play a crucial role in critical infrastructure, encompassing various sectors like energy, water, transportation, and manufacturing. [1] These systems often rely on interconnected Cyber-Physical Systems (CPS) to manage and control physical processes. [1] A cyberattack on a critical infrastructure network could have catastrophic consequences, disrupting essential services and potentially leading to significant economic and societal damage. [2] For instance, imagine the impact of a cyberattack on a transportation system reliant on communication between autonomous vehicles and central control stations. [2] The consequences could be both economically and socially devastating.
However, securing these networks presents unique challenges. Many ICSs utilize legacy hardware with long lifespans, often exceeding 20 years. [3] This longevity makes it difficult to keep pace with the evolving landscape of cybersecurity threats and integrate modern security measures seamlessly. [3] Additionally, the need for real-time responsiveness in many critical infrastructure components, sometimes demanding reactions within milliseconds, further complicates the implementation of comprehensive cybersecurity protocols. [4] Unlike IT systems, where downtime, while inconvenient, is often tolerable, even brief disruptions in critical infrastructure operations can have severe consequences. [4] This necessitates robust cybersecurity measures specifically designed for the constraints of these vital networks.
The development of quantum computers presents a new challenge to cybersecurity by potentially rendering current cryptographic methods obsolete. Current widely used public key cryptosystems like RSA and ECC, which depend on the difficulty of factoring large numbers or solving elliptic curve discrete logarithms, are particularly vulnerable. [5, 6] Quantum algorithms, specifically Shors algorithm, could solve these mathematical problems exponentially faster than classical algorithms, making it feasible to break these cryptosystems. [6]
Experts estimate that a cryptographic secrets value lasts for about 15 years. [3] Given the rapid progress in quantum computing, its crucial to implement quantum-resistant algorithms well in advance of a fully functional quantum computer becoming a reality. [6] This urgency stems from the harvest now, decrypt later strategy potentially employed by malicious actors, where encrypted data is collected today to be decrypted later when powerful quantum computers become available. [7] The potential for such breaches underscores the need for transitioning to quantum-secure cryptography as a pressing concern.
Post-Quantum Cryptography (PQC) offers a solution to the challenges posed by quantum computers. [8] PQC algorithms are based on mathematical problems that are believed to be difficult for both classical and quantum computers to solve, ensuring security even in a future dominated by quantum technology. [8] There are several families of PQC algorithms, each relying on different hard problems:
These families present a diverse set of options for quantum-resistant cryptography, each with its own strengths and weaknesses in terms of security levels, ciphertext size, speed, and computational requirements. [10, 11] The diversity of approaches within PQC underscores the active research and development in this field, driven by the need for robust cryptographic solutions in the face of emerging quantum threats.
Integrating PQC into industrial and critical infrastructure networks presents its own set of challenges. These networks often have strict latency requirements, making the computational overhead introduced by some PQC algorithms a concern. [12] Additionally, many of these systems rely on legacy devices with limited computational power and memory, making it challenging to implement complex cryptographic protocols. [12]
Furthermore, the lack of a unified global standard for PQC poses additional challenges. [13] Different countries and organizations are independently developing their own PQC standards, potentially leading to a fragmented landscape with various protocols and implementations. [13, 14] This lack of uniformity could create interoperability issues and complicate the integration of PQC into global critical infrastructure networks, as companies operating in different regions might need to adhere to different standards, increasing complexity and costs.
To effectively integrate PQC into industrial and critical infrastructure networks, several key steps need to be taken:
The integration of PQC into industrial and critical infrastructure networks is not merely a technological upgrade; its a necessity for ensuring the security and resilience of essential services in a quantum future. While the transition presents challenges, it also offers an opportunity to rethink cybersecurity approaches and develop innovative solutions tailored to the unique demands of these vital networks. As quantum computing technology continues to advance, adopting proactive, collaborative, and innovative strategies for integrating PQC will be paramount in ensuring the continued functionality and security of critical infrastructure systems.
The Urgent Need for Post-Quantum Cryptography in Critical Infrastructure | by Cyber Safe Institute | Jul, 2024 – Medium
The rapid evolution of quantum computing poses a significant threat to current cybersecurity practices, particularly for critical infrastructures (CI) such as power grids, transportation systems, and healthcare facilities. These systems rely heavily on secure communications and data integrity to ensure operational stability and public safety. The potential for quantum computers to break widely used cryptographic algorithms like RSA and ECC necessitates a proactive transition to post-quantum cryptography (PQC) [15]. This article examines the importance of cybersecurity in CI, the emergence of quantum computing as a threat, and the potential of PQC in safeguarding these vital systems against future attacks.
The 21st century has witnessed an unprecedented surge in interconnectedness, with communication technologies permeating nearly every aspect of modern society [6]. This hyperconnected paradigm extends beyond personal interactions to encompass the control of industrial machines, financial transactions, and the management of critical infrastructure [6].
Critical infrastructure, encompassing sectors like energy, transportation, and communication, forms the backbone of modern society. Cyber vulnerabilities in these systems can have catastrophic consequences, potentially disrupting essential services, causing economic damage, and even leading to loss of life [5, 7]. For instance, a cyberattack on a power grid could lead to widespread blackouts, crippling healthcare facilities, transportation systems, and emergency services [4, 7]. The interconnected nature of CI amplifies these risks, as a single point of failure can trigger a cascading effect, propagating disruptions across multiple sectors [7, 8].
Given the high stakes involved, cybersecurity has become paramount in protecting CI from increasingly sophisticated cyberattacks. In 2022 alone, there were an estimated 2,200 cyberattacks per day, highlighting the constant threat faced by businesses and infrastructure [7]. This threat is further exacerbated by growing geopolitical tensions, as state-sponsored actors increasingly leverage cyberattacks to disrupt critical infrastructure and sow discord [7].
Traditional cryptography, the foundation of secure communications, relies on mathematical problems that are computationally infeasible for classical computers to solve within a practical timeframe [9, 10]. Public-key cryptosystems, like RSA and ECC, underpin secure key exchange mechanisms and digital signatures, ensuring confidentiality, integrity, and authenticity in digital communications [8, 9, 11].
Quantum computers, leveraging the principles of quantum mechanics, possess the potential to dramatically outperform classical computers in solving specific types of problems [1216]. Shors algorithm, a quantum algorithm, can efficiently factor large numbers and compute discrete logarithms, tasks that form the basis of RSA and ECC security [3, 10, 12]. This capability undermines the security assumptions of these widely deployed public-key cryptosystems, rendering them vulnerable to attacks once sufficiently powerful quantum computers become a reality [3, 17].
While estimates vary, experts suggest that a fault-tolerant quantum computer capable of executing Shors algorithm could be operational within the next two decades [17, 18]. This looming threat, often referred to as the quantum apocalypse, has prompted a global effort to develop and deploy quantum-resistant cryptographic solutions [2, 3, 5].
The harvest now, decrypt later paradigm underscores the urgency of this transition [17]. Malicious actors could exploit the longevity of encrypted data by capturing sensitive information today and decrypting it later, once they have access to quantum computers. This necessitates a proactive approach to ensure the long-term confidentiality of sensitive information, particularly in sectors like finance, government, and critical infrastructure, where data often retains its value for extended periods [17, 18].
Post-quantum cryptography (PQC) encompasses classical cryptographic techniques that are believed to be resistant to attacks from both classical and quantum computers [5, 19]. PQC algorithms are based on mathematical problems that are not known to be efficiently solvable by quantum algorithms, offering a potential solution to the threat posed by quantum computers [19, 20].
There are seven major families of PQC algorithms, each relying on a different hard mathematical problem:
Integrating PQC into operational technology (OT) environments presents unique challenges compared to traditional IT systems. OT systems, responsible for controlling and monitoring physical processes in CI, often have long lifespans, limited computational resources, and stringent real-time requirements [17, 34, 35]. These constraints necessitate careful consideration when selecting and deploying PQC algorithms.
The extended lifespan of OT equipment, often exceeding 20 years, poses a significant challenge for PQC migration [17, 34]. As quantum computing technology advances, PQC algorithms deemed secure today might become vulnerable in the future. This necessitates flexible and adaptable solutions that allow for future upgrades and algorithm agility [36, 37]. Hybrid cryptography, combining classical and PQC algorithms during the migration period, offers a viable approach to address this challenge, ensuring continued security even if one of the algorithms is compromised [36].
Furthermore, the computational limitations and real-time constraints of OT systems require PQC algorithms with low latency and minimal overhead [2, 29, 35]. Lattice-based cryptography, with its relatively small key sizes and efficient implementations, has emerged as a frontrunner for OT deployments [29, 35]. However, ongoing research and development are crucial to optimize these algorithms further and address potential vulnerabilities, such as side-channel attacks [35, 38].
Side-channel attacks exploit information leakage from physical implementations of cryptographic systems, such as power consumption, electromagnetic emissions, or timing variations [39]. While these attacks can threaten both classical and PQC implementations, they are particularly relevant in OT environments, where attackers might have physical access to devices [38, 39]. Robust countermeasures, including hardware and software defenses, are essential to mitigate the risk of side-channel attacks on PQC implementations in CI [38].
The advent of quantum computing presents a significant challenge to the long-term security of critical infrastructure. The potential for quantum computers to break widely used cryptographic algorithms necessitates a proactive and strategic approach to cybersecurity in CI.
Post-quantum cryptography offers a promising path to securing these vital systems against quantum threats. However, the unique constraints of OT environments require careful consideration when selecting and deploying PQC algorithms. Lattice-based cryptography, with its favorable performance characteristics and active research community, appears well-suited for CI applications. However, ongoing research and development are crucial to address potential vulnerabilities and ensure long-term security in the face of evolving quantum threats.
The transition to PQC in CI is not merely a technical challenge but a multifaceted endeavor requiring collaboration between governments, industry stakeholders, and the research community. Standardizing PQC algorithms, developing secure and efficient implementations, and addressing potential vulnerabilities like side-channel attacks are all crucial steps toward achieving quantum-resistant security for CI.
The time to act is now. By investing in PQC research, development, and deployment, we can ensure the resilience of critical infrastructure and safeguard the essential services that underpin modern society in the post-quantum era.
Revolutionizing Success in the Quantum Information System – openPR
Quantum Information System Service Market
The global Quantum Information System Service market report is provided for the international markets as well as development trends, competitive landscape analysis, and key region's development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins. The Global Quantum Information System Service market 2024 research provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure.
Get the Sample Copy of the Report at: https://www.worldwidemarketreports.com/sample/1019367
Scope of the Quantum Information System Service Market:
The Global Quantum Information System Service market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
The report also gives a 360-degree overview of the competitive landscape of the industries that are:
IBM Google Microsoft D-Wave Systems Rigetti Computing IonQ
Quantum Information System Service Market Segments:
By Types:
Cloud-Based On-Premises
By Applications:
Large Enterprises Medium Enterprises Small Enterprises
Request Sample Copy of this Report at: https://www.worldwidemarketreports.com/sample/1019367
Key Market Segmentation:
WMR provides an analysis of the key trends in each sub-segment of the global Quantum Information System Service market, along with forecasts at the global, regional, and country-level analysis from 2024 to 2031. Our report has categorized the market based on type, offering, technology, system, and end-use industry. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19. At the same time, this report analyzed the market of the leading 20 countries and introduce the market potential of these countries.
: A few important variables, including the rising consumer demand for the product, effective marketing tactics in new markets, and significant financial investments in product development, are the primary drivers of Quantum Information System Service.
: Easy availability to rivals is one of the challenges in the market for Quantum Information System Service. Another barrier in the market is the low cost of alternatives. However, firms intend to overcome this obstacle by using cutting-edge technology and managing prices, which will subsequently boost product demand. Moreover, in order for market participants to prevent risks, alter their plans, and carry on with operations, researchers have also highlighted major hurdles for them. By doing this, producers will be able to properly manage their resources without sacrificing product quality or timely market delivery.
: businesses can take advantage of them by putting the proper plans in place. The prospects described in the report assist the stakeholders and report buyers in properly planning their investments and obtaining the most return on investment.
: The market sees a few developments that assist businesses in developing more successful tactics. The report with the most recent data discusses the current trends. Customers can obtain an idea of the upcoming offerings on the market, and businesses can plan on producing greatly improved solutions with the use of this information.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
North America (United States, Canada, Mexico) Europe (Germany, UK, France, Italy, Spain, Others) Asia-Pacific (China, Japan, India, South Korea, Southeast Asia, Others) The Middle East and Africa (Saudi Arabia, UAE, South Africa, Others) South America (Brazil, Others)
Global Quantum Information System Service Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries covers and analyzes the potential of the global Quantum Information System Service industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis, and market entry strategy Analysis, opportunities and forecasts.
Valuable Points from Quantum Information System Service Market Research Report 2024-2031:
Significant changes in Market dynamics. Reporting and assessment of recent industry developments. A complete background analysis, which includes a valuation of the parental Quantum Information System Service Market. Current, Historical, and projected size of the Quantum Information System Service Market from the viewpoint of both value and volume. Quantum Information System Service Market segmentation according to Top Regions. Quantum Information System Service Market shares and strategies of key Manufacturers. Emerging Specific segments and regions for Quantum Information System Service Market. An objective valuation of the trajectory of the Market. Recommendations to Top Companies for reinforcement of their foothold in the market.
FAQ's:
[1] Who are the global manufacturers of Quantum Information System Service, what are their share, price, volume, competitive landscape, SWOT analysis, and future growth plans?
[2] What are the key drivers, growth/restraining factors, and challenges of Quantum Information System Service?
[3] How is the Quantum Information System Service industry expected to grow in the projected period?
[4] How has COVID-19 affected the Quantum Information System Service industry and is there any change in the regulatory policy framework?
[5] What are the key areas of applications and product types of the Quantum Information System Service industry that can expect huge demand during the forecast period?
[6] What are the key offerings and new strategies adopted by Quantum Information System Service players?
Buy this report and Get Up to % Discount At: https://www.worldwidemarketreports.com/promobuy/1019367
Reason to Buy:
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Quantum Information System Service Market. Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography. The key findings and recommendations highlight crucial progressive industry trends in the Quantum Information System Service Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
About Author:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
Contact Us:
Mr. Shah Worldwide Market Reports, Tel: U.S. +1-415-871-0703 U.K. +44-203-289-4040 Japan +81-50-5539-1737 Email: sales@worldwidemarketreports.com Website: https://www.worldwidemarketreports.com/
About WMR:
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provides our diverse range of clients from across all industries with vital decision-making insights to plan and align their market strategies in line with current market trends.
This release was published on openPR.
Originally posted here:
Revolutionizing Success in the Quantum Information System - openPR
Danish startup secures 10M seed to advance quantum computing in life sciences – ArcticStartup
- Advertisement -
Kvantify, a Copenhagen-based quantum software startup, has successfully closed a 10 million seed round. This funding will enable the startup to strengthen its position as a global leader in quantum computing, focusing initially on life sciences applications. The round is led by Danish VC Dreamcraft, alongside biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees, with participation from Redstone VC, 2xN, and EIFO. Kvantify plans to use the investment to accelerate the development of quantum solutions for drug discovery and chemical simulation, aiming to address complex problems and expand applicability across various industries. This strategic funding will enhance Kvantifys innovative capabilities, ensuring a significant impact on the life sciences sector and beyond.
Kvantify is dedicated to harnessing the power of quantum computing to solve complex scientific and industrial challenges. With a strong emphasis on life sciences, Kvantify develops advanced quantum algorithms and high-performance computing solutions aimed at revolutionizing drug discovery and chemical simulation. Their mission is to make quantum technology accessible and valuable to businesses worldwide, driving innovation and efficiency in various sectors. Leveraging an interdisciplinary team and cutting-edge technology, Kvantify is positioned at the forefront of the quantum computing revolution.
The seed round is notable not only for its substantial size but also for the strategic match of the new investors to Kvantifys mission. It is led by Danish VC Dreamcraft, together with biotech investor Lundbeckfonden BioCapital and the private investment company 2degrees. Other notable investors include international sector-focused tech investor Redstone VC, Danish lead quantum VC 2xN as well as EIFO.
Lundbeckfonden BioCapital is a large Danish investor focused on local life science companies, supporting the translation and commercialization of ground-breaking science. This is Lundbeckfonden BioCapitals first investment outside the therapeutics space.
With our investment in Kvantify, we are broadening our footprint in and commitment to further strengthening the Danish life science ecosystem. Quantum computing can deliver accuracy and derisking to the early stages of drug development to a level not possible with classical computers, thereby enabling faster speed to market. We are therefore excited about this opportunity and look forward to working with the Kvantify team to bridge quantum computing and drug development to the future benefit of patients, said Jacob Falck Hansen, Partner at Lundbeckfonden BioCapital.
Danish VC Dreamcraft invests in tech-driven companies, from pre-seed to series A, and has a proven track record with B2B SaaS software.
Were thrilled to partner with the team at Kvantify as they take a significant step forward in their mission to fulfill the promise of industrial applications of quantum computers. The potential of quantum chemical computational drug discovery is massive and represents a truly exciting beachhead market. We cannot wait to see how Kvantify will help solve todays seemingly impossible problems and serve as a crucial tool in designing the solutions of the future. says Carsten Salling, General Partner at Dreamcraft.
Redstone QAI Quantum Fund is a highly specialized venture capital fund that focuses on investing in groundbreaking technologies within the quantum technologies sector.
Kvantifys focus on applying quantum computing to life sciences and further industrial use cases across various sectors aligns with our strategic vision of advancing practical and impactful quantum solutions. With their interdisciplinary team, in-depth knowledge of quantum technology, and innovative approach to enhancing computational efficiency, Kvantify is perfectly placed to bring tremendous value to commercial markets, says Marco Stutz, Partner at Redstone.
In light of their successful product launch for a groundbreaking drug discovery tool, Hans Henrik Knudsen, CEO of Kvantify, comments:
On behalf of the founding team, we are incredibly excited about the completion of our 10 million seed round, which marks a significant milestone for Kvantify. This funding not only validates our vision of leveraging quantum computing to revolutionize the life sciences industry but also provides us with the resources and strategic partnerships needed to accelerate our development and growth. With the support of new and existing investors, we are well-positioned to continue to bring groundbreaking solutions to market.
Click to read more funding news.
- Advertisement -
View original post here:
Danish startup secures 10M seed to advance quantum computing in life sciences - ArcticStartup