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Queensland researchers at forefront of quantum computer leap – ABC News

In the race to build better, cheaper and faster quantum computers, two Queensland researchers are leading the way.

They havemanaged to shrink a critical computing component from the size a match box down to a tenth of the width of a human hair the size needed for quantum computing.

Better still, componentsthat once cost thousands of dollars to buy can now be produced for a fraction of the cost and quantum computers will need millions of them.

"So we're in the midst of a second quantum revolution, where we're taking all the parts of quantum mechanics and turning them from lab curiosities into working technologies that let us do things we couldn't do up until now," said Professor Andrew White from the University of Queensland's (UQ) Centre for Engineer Quantum Systems.

"We're using all the features of quantum mechanics to enable new technologies."

The full explanation is a lot more complicated, but the two UQ researchers have now managed to launch Queensland's first Quantum Computing company that makes miniaturised components with real world applications.

The component is called a microwave circulator.

It is described as "a roundabout for microwave signals", where the signal comes in and is re-routed to another direction.

Pioneered at UQ,the microscopic versions are being commercialised by the researchers under the business name Analogue Quantum Circuits.

"Analogue Quantum Circuits (AQC) are using quantum phenomena to shrink a microwave circulator,"Professor White said.

"(AQC) will get millions [of circulators]onto a chip, and they'll cost cents to make."

The parts are commonplace in communications technology, but traditionally cost a small fortune each.

Each microscopic component is made inside a special freezer that cools to 100 times colder than outer space.

Associate Professor Arkady Fedorov, a co-founder of AQC,says the numbers they deal in are tiny.

"These calculations are extremely fragile, so they simply don't survive at room temperature," Associate Professor Federov said.

"And this is the reason why we don't see quantum effects in our everyday life.

"So to take advantage of that, we actually need to create conditions which are very, very special, and everything is extremely quiet."

The super cold environment is needed to eliminate all noise and tiny vibrations that could disturb the manufacture of such small devices.

Professor Tom Stace is the other co-founder of AQC and one of the researchers behind miniaturising the circulator.

He said Quantum computers needed to send and receive signals between quantum bits or qubits.

"We know that we need hundreds of thousands of qubits, or millions of qubits in order to make a scalable, useful quantum computer," Professor Stace said.

"There needs to be millions of circulators to help the qubits talk to each other.

"We're the first company that's working internationally to commercialise that scientific research in circulators into a thing that can be used in future quantum computers.

"That means that Queensland, if we invest now, can be a key player in that industry over not just the next decade, but long into the future."

Professor Halina Rubinsztein-Dunlop from the Centre said it wasexciting to see physics being turned into practical applications.

"It's one thing to be clever and do new physics and publish fabulous paper(s), and another thing to actually get a gizmo going that will bring advances into technology and society," Professor Rubinsztein-Dunlop said.

"We are creating industry, (a) new quantum industry for Australia and what it brings is a lot of jobs for society."

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PASQAL and Universit de Sherbrooke Forge Partnership to … – HPCwire

SHERBROOKE, Qubec, Oct. 31, 2023 PASQAL, a global leader company in neutral atom quantum computing, is proud to announce its support to the Faculty of Engineering, Universit de Sherbrooke (UdeS), a leader in education and applied research in Canada, to open a Professor Position in Applied Quantum Computing. The creation of this Chair is part of PASQALs strategy to delivering real-world applications to the industry and quantum advantage in the short term.

PASQAL is setting up a facility to manufacture quantum processors at Espace Quantique 1 of DistriQ Quantum Innovation Zone in Sherbrooke, Canada. In this new flagship installation, PASQAL-Canada will produce hardware for the North American market to accelerate the adoption of neutral atom quantum computing in the region.

Within this framework, PASQAL is contributing with $500,000 CAD to a full-time non-tenure-track position at the Electrical and Computer Engineering Department of the Faculty of Engineering. This contribution is to be used as a match with Canadian federal and/or provincial granting agencies, such as Natural Sciences and Engineering Research Council of Canada Alliance program; and Regroupements sectoriels de recherche industrielle au Qubec.

The selected Chair holder will lead the development of neutral atom quantum software solutions for industry, by finding the most direct paths to deliver business value and quantum advantage.

About UdeS The Faculty of Engineering

The UdeS Faculty of Engineering is a leader in education and applied research. Recognized for its dynamism in collaborative research, it stands out particularly in terms of technology transfer and concrete impacts on society. It is also a faculty on a human scale, which favours rigorous and complete training of its students, particularly through the alternating study and internship program. In a friendly and highly collaborative environment, discovery and innovation are strongly encouraged. To foster its long-term growth, the Faculty of Engineering is particularly focused on interdisciplinary initiatives and emerging fields. The Faculty of Engineering has several research centers as well as the Interdisciplinary Institute for Technological Innovation (3IT), apart of the Integrated Innovation Chain along with the Institut quantique (IQ)and the Centre de collaboration MiQro Innovation (C2MI).

About PASQAL

PASQAL is a major player in the global race for quantum computing. The company is the leading manufacturer of neutral atom quantum computers and offers complete solutions for end-users. PASQALs products and services include quantum computers, cloud access and software solutions for the energy, mobility, healthcare, high-tech, aerospace and financial sectors. By leveraging the dual analog/digital nature of its quantum computers, PASQAL is propelling neutral-atom quantum technology with the aim of delivering a practical quantum advantage on early use cases within the next five years.

About the Electrical and Computer Engineering Department

The faculty members of the Electrical and Computer Engineering Department are active in the fields of classical and quantum embedded systems engineering, autonomous vehicles, robotics, embedded artificial intelligence, neuromorphic systems, instrumentation and digital communications. The Department has seven research chairs and offers masters and doctoral programs that allow students to work in infrastructures that bring together numerous cutting-edge research laboratories under the direction of internationally recognized researchers. The Departments facilities include clean rooms for microfabrication, development and characterization laboratories for integrated circuit packaging, smart antennas and software-defined radio, medical devices, instruments for particle physics, power electronics and electric vehicles, embedded systems and robotics, as well as a platform for the design, development and fabrication of printed electronic circuits, a 1MW solar infrastructure, and a space and immersive audio room. Of the Universitys six institutes, the Departments faculty members are notably involved at 3IT, IQ and the Research Center on Aging (CDRV).

Source: PASQAL

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Why Denmark is at the forefront of the quantum tech revolution – Tech.eu

Few would argue that 2023 has been the year of AI. But it's not the only deep tech worth your attention.

The ecosystem in quantum technology is rapidly evolving thanks to government investment and infrastructure, academic partnerships, university spinouts, and industry traction.

The race is on to scale quantum tech from conceptual to a solver of broader societal and economic impact.

Currently, the UK is the world's third largest quantum developing country, after the USA and China, attracting more startups and capital investment than any other European state.

But one investment company has its sights on a far smaller country with the potential to become a world leader in quantum technology Denmark.

Quantum Exponential is the UK's first venture capital firm specialising in quantum technology, and recently opened its first European office in Copenhagen.

And according to Stuart Woods, CSO of Quantum Exponential, Denmark is the place to watch for the next explosion of quantum innovation and it goes way beyond the supercomputers that captivate many journalists.

I spoke to Woods to learn more about why the company has its sights set on Denmark and about what this all means regarding the commercialisation of quantum computing and Europe's wider quantum strategy in Europe.

But first let's take a look at what's interesting about Denmark.

To date, 17 countries have invested in national quantum technology research and development programs, with an estimated spending of over $30 billion.

Denmark announced the second part of its National Quantum Strategy last month, focusing on the commercialisation, security and international collaboration in the field of quantum technology.

Besides this framework on paper, the country has the necessary, and proven, trinity that interconnected relationship between academia, government, and enterprise/industry with real commercial use cases that turn the technology into something tangible.

According to Woods:

"The quantum field in Denmark is experiencing momentum, and we are excited to be at its epicentre.

Recent global dynamics and our deepened understanding of quantum technology make Copenhagen an ideal location for nurturing the next generation of quantum technology."

The government has allocated 161 million from 2024-2027 to strengthen Denmark's quantum ecosystem. It doesn't look all that impressive compared to the investments of the UK government, especially considering some of the big raises in the commercial that we've seen recently. Still, it's pretty good for a three-year project in a far smaller country.

Last year, the Niels Bohr Institute in Copenhagen also became the home of a new NATO Center for Quantum Technologies. The Center offers an accelerator site and incubator where companies can mature their technology and bring it to market, as well as test centres for developing components in quantum sensors, quantum encryption devices and quantum computers.

The new centre is also part of NATO's Defence Innovation Accelerator for the North Atlantic (DIANA), developing dual-use (civilian and defence) deep tech, which helps solve challenging defence and security problems.

Further, 2022 saw research from the Niels Bohr Institute of the University of Copenhagen receive a grant of $200 million from the Novo Nordisk Foundation to build a full-scale generally applicable quantum computer before the end of 2034. The project will run for 12 years in collaboration with research groups from leading universities and industries, including from the United States, the Netherlands, Canada and Denmark.

Part of the project includes a fabrication unit, "The Quantum Foundry P/S" to develop, engineer and build the parts needed for one of the world's first fully functional, fault-tolerant and generally applicable quantum computers a huge boost for innovation in hardware engineering.

Additionally, Denmark is home to strong multidisciplinary sectors such as photonics, material science, nanotechnology, and computer science, which complement quantum research.

Quantum Exponential is one of two 100 percent quantum investment funds in the world the other is Quantonation in France.

Since its launch in 2021, it has invested in seven quantum companies.

According to Woods, broadly, a third of investments has been in quantum computing, a third in quantum sensing, and the final third in network and encryption:

"While the media focuses on large quantum computers, we believe very strongly that quantum sensing will be much larger than quantum computing over the next two to three years, to the point where the word quantum will be dropped and it will become known simply as sensing."

Quantum sensing leverages quantum states for precision measurement.

Applications include timing, , navigation, subsurface mapping, and below-cell-level medical imaging, enabling less invasive diagnostics.

These individual quantum states have further enhanced sensitivity, which with the right infrastructure, can be leveraged for new medical understanding , advanced clock systems for mega data centres, and positioning technologies (e.g., for autonomous drones) to the detection of valuable raw materials deposits.

I was curious about Quantum Exponential's investment thesis.Woods explained:

"We focus on businesses a lot of what we see might well be a product line that might not be a business.

So we try to focus on the innovative elements of the investment side and think about how this particular element or technology will be a company and not just a product line of something bigger."

He cites examples in the company's current portfolio such as Oxford Quantum Circuits and Universal Quantum.

Woods expects in the next year to see more quantum spin outs, as well as relocations and consolidations.

Over the last few years in Europe, there have been only a few.

Quantinuum acquired Cambridge Quantum Computing (UK) for an undisclosed amount in 2021.

January 2022 saw a merger between Pasqal, a developer of neutral atom-based quantum technology, and Qu&Co, a quantum algorithm and software developer.

Then, Danish company QDevil was acquired by Israeli company Quantum Machines in March 2022 for an undisclosed amount.

"So I think we'll have more spinouts, but also have more positive and constructive consolidations." "

He describes the quantum ecosystem as "patient" capital, but notes,

"However, at the same time, we are seeing other business models that are developing quite quickly.

We're seeing quantum computers now moving into data centres being put alongside cloud computing servers, simply because there is now a need and a business model, independent of the qubit count, actually to run and have access to that as a service.

We're looking at a cliff face. And we don't know how fast it's changing, but I think in the next year, we'll be surprised at just how fast things have changed and how far the industry has moved."

Sparrow Quantum is focused on advancing light-matter interfaces for quantum technologies.The company is widely recognised as a leader in single-photon sources, demonstrating the world's highest light-matter coupling efficiency.

In May this year, the company raised 4.1 million to expand its team and increase its products and services.

Hafnium Labs supports chemicals, energy, and pharma companies by addressing a significant challenge in chemistry: swiftly obtaining dependable physical properties.

The company has developed a system for combining state-of-the-art predictive methods, such as quantum chemistry and AI, with experimental physical property data.

Called Q-propsit selects and qualifies all available data and applies quantum chemistry and molecular simulation fully automated, intelligent and transparently.

Use cases include drug discovery, process design, and troubleshooting production issues faster and creating truly predictive digital twins.

Molecular Quantum Solutions develops computational tools to accelerate research & development efforts by the pharma, biotech and chemical industry. Its tools use super- and quantum-computers with computational models and algorithms to calculate the properties of materials and chemicals quickly and efficiently.

Users can, for example, screen for new materials for batteries, green solvents, new drugs and biodegradable plastics instead of conducting costly experiments in the laboratory.

The company raised 600,000 in Pre-Seed funding in July this year.

NKT Photonics supplies high-performance fibre lasers and photonic crystal fibres such as supercontinuum white light lasers, low-noise fibre lasers, ultrafast lasers, and a wide range of speciality fibres.

They are used in quantum and nanotech, medical and life sciences, industrial applications, and aerospace and defence. In quantum tech, the hardware is used in quantum computing, sensing, and metrology.

Kvantify is a quantum and high-performance computing technology firm selling SaaS solutions based on cloud-native, quantum and high-performance computing, enabling businesses to access computer power without significant in-house investments. It helps clients find alternatives for all sorts of challenges in life sciences, financial services, logistics, and other functional areas.

For example, it has built solutions in pharmaceuticals and life sciences with built-in scaling capabilities and an HPC backend fully prepared to leverage quantum computing once the technology matures.

Since its founding in 2022, it has raised 2.5 million in funding and recently expanded its reach to the UK, where the team will work on using physical simulations and machine learning in drug discovery.

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A Midwest-Based Quantum Network Just Achieved Nearly Instant … – PR Newswire

Quantum Corridor, one of the world's fastest, most secure quantum networks, creates new opportunities for exponential breakthroughs in defense, financial, biotech, AI and more

HAMMOND, Ind., Nov. 1, 2023 /PRNewswire/ --Quantum Corridorlaunched one of the fastest, most secure fiber-optic networks in the Western Hemisphere on Oct. 24, 2023 with its first transmissions from the Chicago ORD 10 Data Center at 350 E. Cermak Rd. to a data center in Hammond, Indiana. At a speed 1,000 times faster than traditional networksi, Quantum Corridor's network will enable regional businesses and institutions to achieve breakthroughs in defense, financial modeling, biotech, cybersecurity, machine learning, research and more. This comes on the heels of the Biden-Harris administration's Oct. 23 designation of the Chicago MSA as a U.S. Regional Technology and Innovation Hub.

Formed in 2021 as a public-private partnership with the state of Indiana, Quantum Corridor was established to enable advanced Illinois and Indiana tech innovators to exchange data nearly instantaneously and achieve frontline breakthroughs. Funded through a $4.0 million grant from the state of Indiana's READI grant program and with the cooperation of the Indiana Department of Transportation and Northwest Indiana Forum, Quantum Corridor will utilize 263 miles of new and existing fiber-optic cable beneath the Indiana Toll Road to link data centers, quantum research facilities, life sciences and genome scientists and hyperscalers with industry-shattering speeds and throughput.

With its first transmissions, Quantum Corridor achieved a latency of 0.266 milliseconds of information exchange over its current 12-mile networka transmission speed 500 times faster than the blink of an eye and far exceeding the average network's existing 12-times-longer latency. The combination of near-instantaneous transmissions paired with massive throughput is expected to enable exponential breakthroughs in modeling and problem solving across myriad industries.

Quantum Corridor will continue to expand its mileage and connect research facilities over the next nine months. By that time, the network will have the capacity to transmit nearly the entire current content load of the internet in a single transmission.

Why It's Critical to Build a Quantum Networking Superhighway

"What our team and partners have accomplished has never been done in North America. The nearly instantaneous communication that quantum networking provides will support every industry in the United States by enabling them to work more efficiently, safely and securely," Quantum Corridor's President and Chief Technology Officer Ryan Lafler said. "This will expedite the evolution of the internet and has the potential to increase our nation's competitiveness at a time when it has dropped significantly in many of the world's most important rankings.

"For example, it will enable the Department of Defense to send critical data faster and more securely to avoid interception by foreign adversaries, manufacturing labs to execute complex simulations, and autonomous vehicles to transmit information to edge computing clusters and achieve faster reaction times," Lafler added.

"There are applications we can't even fathom yet in quantum research and development, quantum computing, quantum networking and quantum commercialization," Quantum Corridor CEO Tom Dakich said. "We're already fielding questions from space exploration ventures, AI entrepreneurs and e-commerce hyperscalers who are eager to use our network to support their work."

Once completed, Quantum Corridor will run from the Chicago ORD 10 Data Center at 350 E. Cermak Rd. south along Chicago's Martin Luther King Dr., connecting to the Chicago Quantum Exchange (CQE) at the University of Chicago then going south and east along the Indiana Toll Road to Westville, Indiana near Purdue University's Northwest Campus. It will also branch south to West Lafayette, Indiana. Ciena, a global leader in networking systems, services and software, and C1, an engineering and technology implementation provider, serve as key collaborators in solution design and tech implementation, respectively, in building the entire 263-mile path.

How Quantum Networking Can Increase Competitiveness

Quantum Corridor is the first network in North America to achieve a capacity of 40 terabits per second (Tbps), making it one of the fastest Tier One networks on the continent. For reference, 40 Tbps is the equivalent of transmitting 1 million photo files or 1,500 hours of high-quality video per second. At this speed, Quantum Corridor can transmit the equivalent of the entire printed collection at the Library of Congress every two seconds.

Because computers solve problems through rapid trial and error, faster speed enables innovators to solve many more problems. Through its exponentially faster transmissions, quantum networking facilitates advanced problem solving with astounding speed. While research facilities and data centers have used quantum computers for 25 years, most computing and transmissions occur in individual labs not connected to other labs via near-instantaneous communication. Quantum Corridor will make it possible to connect individual quantum research facilities and data centers to one another almost instantaneously.

Ultimately the network will be scalable to 1.2 petabits per second (Pbps), which is equal to 600 billion pages of text transmitted every second. Today, the collective data rate of every user combined globally across the internet is 1.7 Pbps, or the equivalent of sharing 22.6 years of HD video across the internet every second. Once it reaches 1.2 Pbps, Quantum Corridor will be able to throughput the amount of data that Google processes globally each day in under 17 seconds. The nearly instantaneous computing and communications capabilities will position Chicago and Indiana as one of the most quantum-capable regions in the world.

Cultivating a Quantum Crossroads in the Midwest

With its cluster of significant economic and intellectual assetsfrom world-class universities and research institutions to Fortune 500 companies and hyperscalers to a deep talent pipeline and competitive cost of livingQuantum Corridor will facilitate meaningful economic development and growth in the Chicago MSA. Inspired by rail systems that have fiber-optic cable beneath their tracks, the state of Indiana ordered fiber-optic cable to be laid under the toll road during renovations over the last two decades, creating a 172-mile-long line of fiber-optic cable ready for eventual use.

The move was prescient for several reasons. First, laying new fiber is extremely cost prohibitive; by pairingthe work with existing fiber beneath the Toll Road much of the foundation was already laid for the network. Second, quantum computers housed in research facilities and data centers must utilize vast amounts of power to run the systems and water to cool them, and nearby power plants along Lake Michigan served as resources in this endeavor. Finally, real estate along Lake Michigan is far more economical than that along the East and West Coasts and is expected to play a role in attracting tech companies seeking to utilize this new infrastructure.

Industry-Leading Collaborations Made the Project Possible

Ciena worked with Quantum Corridor to design a solution to make the secure transmission of sensitive and confidential data possible. Its innovative 6500 Reconfigurable Line System (RLS) and WaveLogic 5 Extreme coherent optics are bringing unparalleled bandwidth to this vanguard network.

"Quantum computing will be a catalyst for driving unprecedented economic and technological advancements, and our collaboration with Quantum Corridor and C1 provides the foundation for universities, research centers, data centers and other institutions to more quickly put into action the transformative power of quantum technology," said Kevin Sheehan, CTO of the Americas, Ciena.

C1 has been instrumental in this monumental tech project by providing oversight and operating as an extension of Quantum Corridor's engineering arm. Equipped with some of the best trained Juniper and Ciena engineers in the country, the C1 team has worked around the clock in staging, implementing, provisioning and full-scale deployment of the network.

"Quantum Corridor will traverse many Northwest Indiana counties with underserved communities. This is a significant milestone in our shared commitment to fostering economic growth and bridging the Digital Divide," said C1 Chief Revenue Officer John DeLozier. "We're set to unleash the power of connected experiences, creating numerous job opportunities and driving local economic development. Moreover, our collaboration paves the way for quantum research in real world environments, propelling Quantum Corridor's customers into a brighter and connected future."

For more information, visit http://www.quantumcorridor.io.

About Quantum Corridor, LLC Quantum Corridor, LLC, was formed by Chicago-area technology innovators to drive tech infrastructure to Indiana and create an information-sharing platform for institutions such as Chicago Quantum Exchange, defense contractors, research hubs and universities. It is a member of the Bloch Tech Hub, a coalition of industry, academic, government and nonprofit stakeholders led by the Chicago Quantum Exchange, one of 31 U.S. Regional and Innovation Technology Hubs designated for quantum technologies by the Biden-Harris administration. Generally restricted to the largest research and education centers and to entities that can use this level of bandwidth, Quantum Corridor will stretch 263 miles and be the nation's largest quantum computing superhighway. Visit http://www.quantumcorridor.io for more information.

About C1C1 is transforming the industry by creating connected experiences that make a lasting impact on customers, our teams, and our communities. More than 10,000 customers use C1 every day to help them build meaningful connections through innovative and secure experiences. C1 collaborates with most of the Fortune 100 companies along with other key global industry partners to deliver solutions with a total lifecycle approach. C1 holds more than 5,600 technical certifications across thousands of engineers throughout North America including three Customer Success Centers. Learn more at onec1.com.

iThe fastest competitive networks advertise multi-Gbps, while Quantum Corridor advertises multi-Tbps. 1 Tbps = 1,000 Gbps

Media Inquiries:Kevin Loughery[emailprotected]317-523-5800

Allie Kuopus[emailprotected] 262-957-6020

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Rigetti Computing Appoints Thomas J. Iannotti as Chairman of the … – HPCwire

BERKELEY, Calif., Oct. 31, 2023 Rigetti Computing, Inc., a pioneer in full-stack quantum-classical computing, today announced that it has appointed Thomas J. Iannotti as Chairman of the Board of Directors, effective immediately. Mr. Iannotti succeeds Cathy McCarthy in the role of Chair, with Ms. McCarthy continuing to serve as a member of the Board of Directors.

Mr. Iannotti currently serves as Chairman of the Board of Directors at Applied Materials, Inc., a role which he has held since 2017.

Mr. Iannotti joins Rigetti with extensive leadership experience in the technology and computing industries, most recently serving as Senior Vice President and General Manager, Enterprise Services, for Hewlett-Packard Company, a technology solutions provider to consumers, businesses and institutions globally. Prior to that role, Mr. Iannotti held various executive positions at Hewlett-Packard, including Senior Vice President and Managing Director, Enterprise Business Group, Americas. He also worked at Digital Equipment Corporation, a vendor of computer systems and software, and at Compaq Computer Corporation, a supplier of personal computing systems, following its acquisition of Digital Equipment Corporation.

We are privileged to have Toms impressive technology sector and governance experience at Rigetti. We believe his vast background at some of the leading global computer companies will be an asset to Rigetti, and we look forward to his contributions to the Company and our board, says Dr. Subodh Kulkarni, Rigetti CEO.

Quantum computing has great promise to help tackle the worlds most challenging problems. I am thrilled to join Rigettis Board of Directors as Chairman, and to support the Company as it continues to advance superconducting quantum computing. From the Companys preeminent fabrication capabilities to its in-house quantum software and algorithm expertise, Rigetti is at the forefront of the field and I am excited to see the team achieve success and drive the technology forward, says Mr. Iannotti.

Id like to thank Cathy for her valuable contributions to our board during her time as chairperson. We are fortunate to benefit from Cathys executive leadership experience, and look forward to continuing to work alongside her as we pursue our mission of building the worlds most powerful computers to help solve humanitys most important and pressing problems, says Dr. Kulkarni.

About Rigetti

Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Companys proprietary quantum-classical infrastructure provides high performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industrys first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industrys first dedicated and integrated quantum device manufacturing facility.

Source: Rigetti

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Navigating the UK’s quantum start-ups landscape – Innovation News Network

To understand the challenges, achievements, and developments of the UK quantum ecosystem, its important to start with why quantum technologies are and will increasingly become so important.

The UK stands as a pivotal player within the quantum technologies landscape. Its start-ups, universities, and established private companies have demonstrated remarkable potential across the entire spectrum of quantum technologies.

These innovations span the domains of quantum computing, networking, sensing, and encryption, with notable entities like Universal Quantum and Oxford Quantum Circuits, two of the worlds most promising quantum computing start-ups, and Cerca Magnetics, a quantum start-up developing quantum sensing technologies for medical applications, calling the UK home. These companies wield substantial influence within the UK, Europe, and globally.

The UKs leading universities have birthed a cohort of high-quality quantum spinouts revolutionising their respective fields. The University of Birmingham recently spun out its first company, Delta g a quantum sensing company developing gravity sensors with wide-ranging applications in smart cities, infrastructure, climate change mitigation, and civil engineering.

Nottingham spinout Cerca Magnetics collaborates with esteemed institutions like Great Ormond Street to develop and test its quantum-enhanced brain scanner. This technology is proving invaluable for detecting and devising remedies for epilepsy, especially in the case of afflicted children.

When considering the challenges and achievements of the UK, or any nation, within the quantum ecosystem, its paramount to start with the why. Why invest in and cultivate a quantum ecosystem at all?

We can only engage in substantive conversations about the hurdles faced and the breakthroughs achieved by initially contemplating the stakes involved. These stakes are significant revolutionary advancements in medicine, the formulation of effective climate change policy options, the creation of secure, interconnected cities, and the future of national security. In essence, we are discussing developing a set of quantum technologies to tackle the major challenges in the health and sustainability of society and the planet, as the Novo Nordisk Foundations Challenge Programme puts it.

Undoubtedly, the UKs quantum start-up ecosystem is robust, and its growth has benefited significantly from a series of well-conceived strategic policies and incentives. However, certain legislative changes and challenges must be addressed head-on to sustain this momentum and ensure the prosperity of start-ups without undue reliance on restrictive parameters and institutions.

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A commitment to tax incentives for research and development (R&D) has the potential to bolster the start-up scene. However, in April this year, legislative changes impacted the amount UK companies can claim in R&D tax credits. As a result, start-ups developing new quantum technologies can now claim less tax relief, while larger businesses receive increased R&D support. The policy change has been felt across the tech ecosystem. Still, the ripples will be felt strongest for start-ups developing quantum technologies with a longer go-to-market strategy and timeline to returns. Stunting innovation at this early stage in the life cycle will have a long-standing impact on the tech economy and ecosystem.

Notwithstanding this policy change, there are many bodies, both within and without government, with initiatives that stand up as shining examples of how a nations legislative decisions can catalyse technological leaps.

UK Research and Innovation (UKRI) is a prime example. UKRI has laid a strong foundation for the quantum start-up landscape to flourish by pooling resources and integrating research and innovation efforts across various sectors. Innovate UKs, part of UKRI, role in funding and supporting early-stage ventures has been pivotal, fostering an environment where innovation is rewarded and risk-taking is encouraged.

Enacting policies that ensure sustainable growth and allow quantum start-ups to diversify their funding streams is also paramount, and this will happen not at an individual or fund level but at an institutional level. I was recently reminded that the UK made no money from the invention of the Erbium amplifier the enabler for long-distance internet and communication yet the UK funded the research. This attitude must be central to reforms and policies that impact disruptive technology development.

Pension fund reform

A visionary shift in the investment landscape requires pension fund restructuring to allow fund managers to invest in riskier asset classes like Deep Tech.

A report published earlier this year argued partly for the consolidation of the UKs highly fragmented pension scheme landscape. In the report, Tony Blair and William Hague pointed out that the UK has the second largest pensions market in the world, but despite this advantage, overseas pension funds invest 16 times more in venture capital and private equity in the UK than domestic public and private pensions do.

Steps are being made in this direction in the form of the Venture Capital Compact, as part of which nine pension providers have signed up to allocate at least 5% of default funds into unlisted equities by 2030.

Enticing institutional investors to participate in technologies will allow quantum start-ups to look closer to home when it comes to putting their foot on the gas and scaling up, something that many start-ups have felt prevented from doing traditionally because they cannot get the necessary cash injection from inside the UKs borders.

Should this trend with the VCC continue, turning from a sticking plaster into a genuinely innovative structural reform, then I think the future looks very exciting indeed for the UKs quantum investment landscape.

Streamlining trade export controls

The UKs quantum start-ups would benefit greatly from streamlined trade export controls. The US model of maintaining an Entity List of companies to which you cannot sell sets a precedent worth replicating.

In the UK, the process of obtaining licences for each potential trade partner is arduous and time-consuming. Simplifying trade export controls through a well-defined list of prohibited entities would reduce friction in international business collaborations while maintaining national security.

Accelerated medical certification process for non-invasive quantum devices and support for quantum-based medical applications

Improving the process by which a company can obtain medical certification is a specific example which speaks to wider policy changes needed to accelerate and protect innovation in technology in the UK.

Quantum technologies have the potential to revolutionise non-invasive medical procedures, offering precise diagnostics and treatments. Yet the bureaucratic hurdles companies face when seeking medical certification can stifle innovation in this space. A streamlined and efficient process for certifying non-invasive quantum medical technologies is essential to expedite their deployment, saving lives and driving economic growth.

The UK is still very traditional in its approach to developing quantum technologies for medical applications. Welcome Leap, for example, only exists in the USA and not the UK. We must endorse and support a real strategic view of quantum medical applications separate from quantum computing. It is more important than ever to foster collaboration in this space biologists and clinicians have a crucial role to play alongside quantum physicists.

For example, biologists need to calibrate the quantum results produced by quantum devices. We need to set up programmes which include their skills, not alienate them.

As we navigate the next phase of quantum technologies, the UK must maintain its position of strength by fostering a vibrant, self-sustaining ecosystem of start-ups.

shutterstock/Pixels Hunter

Inspired by successes and lessons from within and beyond our borders, legislative changes can be the foundation for this endeavour. By expanding funding sources, simplifying trade regulations, and accelerating medical certifications, we can empower quantum start-ups to reach their full potential, bringing forth ground-breaking technologies that redefine our world.

The UK has a remarkable legacy of technological innovation, and our quantum start-ups stand poised to continue this legacy into the future. As stakeholders in this transformation, our collective responsibility is to craft a legislative framework that propels innovation, nurtures entrepreneurship, and ensures quantum sovereignty for future generations.

We can unlock nascent quantum potential in the UK through strategic policies and visionary legislative changes.

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Navigating the UK's quantum start-ups landscape - Innovation News Network

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Coin World Launches Token WORLD, Pioneering the Path to an Equitable Global Finance System – Yahoo Finance

Coin World

Coin World, a leading platform in revolutionizing the internet and advocating for global privacy, self-custodianship, and decentralization, has announced the launch of Token WORLD, which makes global finance more accessible and equitable.

PHOENIX,AZ , Oct. 27, 2023 (GLOBE NEWSWIRE) -- To address the latest innovation, Coin World is set to launch Token WORLD, which represents a significant step towards making global finance more accessible and equitable. This innovative token is introduced to the public, focusing on global usage by unique individuals.

Token WORLD aims to support the traditional financial system, such as limited access, centralization, and lack of financial control for individuals. Token WORLD embodies Coin World's vision for a more equitable global finance system. It introduces several essential features that set it apart, such as decentralization, privacy, and accessibility.

In addition, Token WORLD is built on blockchain technology, which inherently decentralizes control over financial transactions. This means that the power of finance is placed directly into the hands of the users, reducing dependency on centralized authorities and intermediaries.

In an era where privacy is paramount, the platform's Token WORLD ensures its users' highest level of privacy. Transactions conducted on the Token WORLD network are confidential, and personal data is protected, offering a level of security not often seen in traditional financial systems.

Moreover, Coin World's innovative Token is designed to be inclusive. It eliminates geographical boundaries and offers a financial solution to individuals worldwide, regardless of their location or economic background. This opens up new opportunities for financial inclusion and access to global markets.

Coin World Tokenomics provides a quick overview of the project, including the upcoming launch date, details about the network (Coin World is an ERC-20 Token on the Ethereum Mainnet), a total supply of 100,000 tokens, fees of 0% for buying and 5% for selling (with 2% going to liquidity and 3% divided into 2% for Genesis Passport and 1% for Global ID Passport), and an inflation rate of up to 1.5% per year, which may start after 15 years and is subject to governance decisions (with a default inflation rate of 0%).

Story continues

Including more, Token WORLD can bring financial services to underserved and unbanked populations, offering them a chance to participate in the global economy and improve their financial stability. The focus on privacy and security can significantly reduce the risks associated with financial transactions, protecting users from scams.

Furthermore, Token WORLD can reduce the control of centralized institutions, potentially diminishing the chances of market manipulation and financial crises. The individuals can engage in cross-border transactions without intermediaries, reducing transaction costs and increasing efficiency.

About Coin World:

Coin World, a revolutionary community-driven initiative, aims to create a more humane global economic system. With a commitment to inclusivity and accessibility, Coin World is set to establish universal access to the global economy, irrespective of geographical location or individual background. This groundbreaking project is designed to become the world's largest human identity and financial network, with the primary goal of granting economic ownership to every individual.

Coin World is driven by equality, global innovation, and the worth of every individual. As a decentralized protocol, Coin World is supported by a worldwide community of developers, individuals, economists, and technologists who are dedicated to broadening participation in the global economy. The platform manages, supports, and nurtures the community until it becomes self-sufficient.

Additionally, the platform's Coin World App, designed to facilitate more human access to the global economy, introduced the first Passport ID-compatible wallet. This wallet ensures secure, user-friendly access to the Coin World ecosystem. Coin World is continuously evolving, with new updates on the horizon to enhance the Passport ID system and expand its offerings.

For further information and updates, visit the following;

Disclaimer:The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.

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Coin World Launches Token WORLD, Pioneering the Path to an Equitable Global Finance System - Yahoo Finance

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Inclusive Dialogue, Implementation of Political Accord Only Viable … – United Nations

The Government of the Central African Republic must engage in inclusive dialogue with opposition parties and armed groups to build trust among stakeholders ahead of local elections in October2024, the United Nations top official there told the Security Council today, as she highlighted progress in the countrys peace process.

Valentine Rugwabiza, Special Representative of the Secretary-General and Head of the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic(MINUSCA), noting the countrys 31July referendum and its recent adoption of a new Constitution, highlighted the Governments progress in advancing the peace process and MINUSCAs support to that end.

The implementation of the political and peace agreement remains the only viable and ideal solution for the return to peace and sustainable development in the Central African Republic, she emphasized, urging renewed attention to an inclusive dialogue with the political opposition and armed groups to promote credible local elections, scheduled for October2024.

Pointing to the disbandment of nine armed groups that signed the Political Agreement for Peace and Reconciliation in the Central African Republic, as well as progress in security sector reform, among others, she stressed: It is essential to build on this momentum to strengthen trust between all stakeholders in the political peace process.

In the ensuing debate, Council members, echoing the Special Representative, underscored that the Political Agreement for Peace and Reconciliation remains key to achieving peace and stability in the country. Speakers also welcomed the Banguis commitment to the peace process and its decentralization, and MINUSCAs support to that end, with some urging inclusive dialogue among all stakeholders, including armed groups, to ensure a propitious environment for the holding of the local elections.

The representative of Mozambique, also speaking for Gabon and Ghana, encouraged Central African Republic authorities to continue strengthening the Armed Forces operational capabilities and to that end welcomed MINUSCAs training and capacity-building initiatives for defence and security forces.

Japans representative, noting the Special Representatives ground-level engagement, said her decentralization efforts in supporting local mechanisms to revitalize conflict prevention, mediation and the return of armed groups to the peace process will help expand State authority in remote areas.

Several speakers, including the representative of Albania, voiced concern, however, about threats to State authority. The representative of the United States pointed to the well-documented Kremlin-backed Wagner Group forces engagement in the illicit extraction of the Central African Republics mineral wealth without contributing to the countrys development.

The representative of the Russian Federation, on the contrary, highlighted the trust of African States and her countrys good relations with the broad strata of the continents population. Noting that some Western States go to African countries asking for cessation of their cooperation with Russia, she stressed that such actions show the effectiveness of Moscows work.

Looking ahead to the Councils consideration in November of the extension of the Missions mandate, the delegate of the United Kingdom said MINUSCAs role in providing its good offices and supporting the peace process continues to be crucial. He urged the Council to renew MINUSCAs mandate with the provisions necessary to allow the Mission to further increase its effectiveness.

Angolas delegate, meanwhile, welcomed the political processes that have allowed for the restoration of State authority in more than 85percent of the territory, calling for a communication plan that supports the entire process and mobilizes all levels of society for greater ownership and support of peace process dynamics.

Also addressing the Council was Sylvie Valrie Bapo-Temon, Minister for Foreign Affairs of the Central African Republic, who noted that the political and security situation in her country has significantly improved. Also noting the improved coordination with MINUSCA, she spotlighted the extension of State authority throughout almost the entire territory of the country.

She noted however, that the Missions current mandate must be adjusted to the reality in the Central African Republic to prepare for a potential withdrawal of MINUSCA.Pointing to the disconnect between the reports produced in this ivory tower and the situation on the ground, she said the situation in the Central African Republic is not complex but has been made such by geopolitical strategies, encouraging Member States to take time to understand the countrys history and the root causes of the crisis.

THE SITUATION IN THE CENTRAL AFRICAN REPUBLIC (S/2023/769)

Briefing

VALENTINE RUGWABIZA, Special Representative of the Secretary-General and Head of the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic(MINUSCA), presenting the Secretary-Generals report on the Central African Republic (documentS/2023/769), noted the Governments progress in advancing the peace process. Despite focusing on preparations for the 31July referendum, the Government, with MINUSCAs support, continued its efforts to decentralize the political and peace process, she said, noting her visits with the Prime Minister, other Government members and development partners, to certain prefectures in the north-east and west of the country, the thrust of major stabilization efforts. The Mission continues to support such initiatives to assist the Governments efforts to extend State presence throughout the country, she said, calling for enhanced support from international financial partners and development actors to consolidate hard-won security gains, through investments or stabilization programmes aimed to provide basic services, or through socioeconomic lasting subsistence measures for the population.

The seventh Republic of the Central African Republic and its new Constitution, enacted on 30August, marks a new step for the country, she said. On 23 October, the second strategic review of the peace process was convened in Bangui with the guarantors and facilitators of the Political Agreement for Peace and Reconciliation in the Central African Republic and the Luanda Joint Road Map for Peace, as well as the foreign ministers of Angola and Rwanda. The meeting highlighted the disbandment of nine signatory armed groups that signed the Political Agreement, as well as the progress regarding disarmament, demobilization and reintegration; security sector reform; the now adopted national border area management policy; and the restoration of State authority. It is essential to build on this momentum to strengthen trust between all stakeholders in the political peace process, through tangible actions and initiatives, she underscored. The countrys authorities must commit to efforts to preserve democratic space and resume dialogue with the opposition, to promote inclusive and credible local elections, scheduled for October2024, she added.

Detailing the volatile security situation in certain regions outside Bangui, notably in border areas, she described MINUSCAs efforts to reinforce its area of operations, better protect civilians and deter further threats by armed groups, as well the Missions work with the Central African defence forces. The cross-border cooperation agreement, signed between the Central African Republic and South Sudan on 1September, should help to strengthen the development of coordinated responses to cross-border threats, she said. Welcoming the Governments efforts to step up its response to human rights violations and impunity, she pointed to the adoption of the National Human Rights Policy in August and encouraged the Government to do more to support the national justice system. Pointing to persistent socioeconomic challenges, aggravated by an increase in humanitarian needs due to the influx of refugees from Chad and Sudan, she welcomed the Government's policy of welcoming Central African refugees and returnees and thanked donors for their generous support.

Further detailing the Missions work, she noted the critical gaps in its air, ground and supply chain capacity, and challenges to its mobility, encouraging all stakeholders to support the improvement of mobility in the country. The implementation of the political and peace agreement remains the only viable and ideal solution for the return to peace and sustainable development in the Central African Republic, she stressed, urging renewed attention to an inclusive dialogue with the political opposition and armed groups. MINUSCA will continue to provide all necessary support to establish an environment that will help advance the peace process, she said, calling for continued joint efforts to minimize the real risks of regression, particularly in view of the municipal elections scheduled for2024 and2025. She stressed: The presence of the Mission, with its current full and complete capacity, will remain vital to restoring lasting and sustainable peace to support the people and the Government of the Central African Republic.

Statements

NICOLAS DE RIVIRE (France) welcomed authorities commitment to the peace process and its decentralization.It is essential for the entire Central African population to take ownership of this process. He recognized progress in combating armed groups. He encouraged authorities ongoing efforts to combat impunity and for transitional justice, and their work to strengthen the rule of law and the judicial system, and welcomed bolstered cooperation between the authorities and MINUSCA. The situation remains fragile, he said, adding that armed groups continue to threaten civilian populations, Central African forces and MINUSCA. He is concerned about the growing threat posed by explosive devices in several regions and human rights violations, in particular by armed groups and Wagner members. He condemned armed groups use of sexual violence and called for strengthening the humanitarian response. He urged authorities to guarantee free local elections, planned for October2024.His country will soon propose to the Council a renewal of MINUSCAs mandate for one year, as recommended by the Secretary-General.

PEDRO COMISSRIO AFONSO (Mozambique), also speaking for Gabon and Ghana, noted the 30July constitutional referendum and welcomed the first local elections in over 20years, with their first round scheduled for October2024, while encouraging international partners to support the Central African Republic in organizing them. In addition, he highlighted the third strategic review of the political process of mutualization of the Luanda Joint Road Map and the Political Agreement for Peace and Reconciliation held on 23October in Bangui, also welcoming the efforts to increase womens representation on local and reconciliation committees. Furthermore, he welcomed the activism of the that countrys President in strengthening subregional cooperation and improving the security of the Central African Republics borders. Condemning the repeated attacks against MUNUSCA and the Armed Forces of the Central African Republic, he pointed to the countrys internal security challenges, including cross-border insecurity, illicit trafficking in natural resources and small arms and light weapons.

Highlighting the crisis in Sudan, he said that the movement of Sudanese refugees is accompanied by an uncontrolled flow of weapons. He welcomed the dissolution of several armed groups that are signatories to the Political Agreement for Peace and Reconciliation and encouraged Central African Republic authorities to continue strengthening the operational capabilities of the countrys Armed Forces. To that end, he welcomed MINUSCAs training and capacity-building initiatives for defence and security forces. Further, he commended the adoption of the countrys National Human Rights Policy in August, while noting that the influx of refugees from the Sudan, the upsurge in violence against civilians by armed groups and the effects of climate change exacerbate community tensions. He, thus, called for humanitarian response funding in all countries in the region impacted by the Sudan crisis.

ROBERT A. WOOD (United States) said his delegation mourns the recent deaths and injury of peacekeepers and stressed the importance of properly equipping MINUSCA to manoeuvre in its environment and fully implement its mandate. The countrys partners have a critical role to play in supporting the local elections, which should be conducted in a transparent, timely and inclusive manner.He stressed the importance of the full, meaningful and equal participation of women and youth at all levels of political dialogue and throughout the elections process. He echoed the Secretary-Generals call on the Government to resume dialogue with the political opposition and armed groups within the framework of the peace process and on the opposition to engage constructively. Noting that not all the countrys partners are invested in promoting a lasting peace, he pointed to the well-documented Kremlin-backed Wagner Group forces engagement in the illicit extraction of the Central African Republics mineral wealth without contributing to the countrys development.

VANESSA FRAZIER (Malta) noted the challenging humanitarian situation, dire socioeconomic crisis and an influx of returnees and refugees from Sudan and Chad, making the risks of a further destabilizing effect become real. She welcomed authorities acknowledging the refugee status of Sudanese entering the country. She noted the promulgation of a new Constitution, and the tense political climate that marked the referendum process. Following these, she encouraged a refocus on the peace process, including addressing grievances, encompassing political and socioeconomic exclusion, the limited State investment in essential services and the rule of law.She commended progress in increasing womens participation in peace and reconciliation committees. She was concerned that the armed group Return, Reclamation, Rehabilitation stands out as the primary perpetrator of conflict-related sexual violence and abductions, and that Union for Peace is predominantly responsible for summary executions, killings and abductions. The Political Agreement for Peace and Reconciliation remains central to an enduring stabilization, she said, and called for dialogue to lead to local elections.

ANNA M. EVSTIGNEEVA (Russian Federation) welcomed the Central African Republics constitutional referendum in July, also noting that currently the Government forces control more than 85percent of the countrys territory. Spotlighting the contribution of the Russian Federations instructors to that end, she noted that some Western States go to African countries asking for cessation of their cooperation with Russia. Stressing that such actions show the effectiveness of Moscows work, she highlighted the trust of African countries and her countrys good relations with the broad strata of the population. She welcomed Banguis efforts to strengthen interaction with regional countries, calling for earmarked funding and expert assistance to that end.Noting the countrys steps towards the political process, she reported that 9out of 14signatory groups to the Political Agreement for Peace and Reconciliation have disbanded themselves. She also spotlighted the unique operation supported by MINUSCA to repatriate 127former fighters to Uganda and welcomed the efforts of Central African Republic authorities to strengthen administrative structures and prepare for local elections.

JAMES KARIUKI (United Kingdom) said the countrys authorities must urgently de-conflict their security partners, ensure they abide by international law and end impunity for human rights violations they commit. Wagner Groups systematic human rights abuses and spread of mis- and disinformation are not the solution to the multifaced challenges in [the Central African Republic] and only serve to strengthen the narrative of armed groups, he stressed. All parties in the country must recommit to the Political Agreement for Peace and Reconciliation, to ensure a long-term solution to the conflict. He called on the Government to redouble its efforts to facilitate inclusive dialogue and implement the joint road map with all political actors and armed groups. MINUSCAs role in providing its good offices and supporting the peace process continues to be crucial. With the support of MINUSCA, the countrys authorities must ensure its commitment to local elections in2024, he stressed, urging the Council to renew MINUSCAs mandate with the provisions necessary to allow the Mission to further increase its effectiveness.

ALBANA DAUTLLARI(Albania) noted the pledge to seek political solutions through implementing the Political Agreement for Peace and Reconciliation, with an emphasis on peace process decentralization. Relaunching the 2024local elections is an important starting point. But, she said, considering the deep divisions resulting from the July referendum, efforts to revise the electoral code to align it with the new constitutional provisions must encompass tangible confidence-building measures to increase trust and transparency in the process.She welcomed improved cooperation between MINUSCA and national authorities, and was deeply concerned over explosive ordnance threats on humanitarian actors and peacekeepers.Citizens deserve institutions guaranteeing respect for human rights, the application of the rule of law and civil societys meaningful participation, she said. This would be the best means to restore State authority. She warned against the appeal of easy and fast promises coming from mercenary groups, like Wagner. They are motivated by financial gains and have little incentive to support political resolutions.

MAHA YAQOOT JUMA YAQOOT HARQOOS (United Arab Emirates) recalled that, between2021 and2023, conflict-related sexual violence cases have more than doubled in the Central African Republic since the last reporting period, while the number of violations against children has more than tripled. Recognizing MINUSCAs role in protecting civilians and its cooperation with Bangui to address security threats, she pointed out that dialogue remains key to promoting reconciliation at the local level. She said that special attention should be paid to the impact of hate speech and incitement to violence in the view of forthcoming elections in2024. Also stressing the importance of regional support, she said that the engagement of Banguis Government with neighbouring States to address security concerns is an important step to that end. She further emphasized the importance of ensuring humanitarian assistance, acknowledging MINUSCAs efforts in facilitating humanitarian deliveries.

SHINO MITSUKO (Japan) said full implementation of the Political Agreement for Peace and Reconciliation remains the highest priority to return to a path towards sustainable peace and development. Noting the continued efforts of the Government to engage with armed groups in the disarmament, demobilization, reintegration and repatriation process, she said this process is time-consuming and requires trust-building among various stakeholders, as well as local support. She welcomed the Special Representatives decentralization efforts in supporting local mechanisms to revitalize conflict prevention, mediation and the return of armed groups to the peace process, adding that such ground-level engagement will help expand State authority in remote areas. State presence and the rule of law on both sides of the countrys borders are a prerequisite to overcome the challenges caused by the porous borders. Voicing concern about instability in the border areas caused by the influx of refugees, she said Japan continues to provide food assistance in partnership with the World Food Programme(WFP)

HERNN PREZ LOOSE (Ecuador) said his country considers that control of the territory is essential for strengthening the rule of law, institutions and security. MINUSCA makes it easier for State forces to reach the most remote places and avoid armed groups increased activities. The five-year plan for the implementation of the National Border Policy provides a solution for those facilitating organized crime and threatening income from natural resources. He noted the participation of women in the peace process as an end in itself. Municipal and regional elections contribute to the decentralization necessary to promote the presence of the State. He called for the mobilization of funds to fulfil the election timetable, and coordination between the Government and MINUSCA to provide security to the process.He was concerned by the large and increasing need for humanitarian assistance.

ADRIAN DOMINIK HAURI (Switzerland) said that, more than four years after the signature of the Political Agreement for Peace and Reconciliation, the implementation of it remains a challenge. He expressed hope that the strategic review of the political process, held on 23October, will provide fresh momentum to that end. He also welcomed the Governments initiative to deploy the administrative and security authorities outside of Bangui. Pointing to the fragile humanitarian situation, he said that attacks by armed groups and violence in Sudan and Chad have affected the Central African Republic, causing an influx of 50,000refugees and returnees from the neighbouring countries. He welcomed the adoption of the National Human Rights Policy, stressing the need to maintain a democratic dialogue between the authorities, the opposition and civil society. He also said that his country will second two judges to the Special Criminal Court, while urging Bangui to operationalize the Truth, Justice, Reparation and Reconciliation Commission.

DAI BING (China), noting the Central African Republics completed referendum and adoption of its Constitution, said the international community should respect the countrys sovereignty and support a development path in line with its development conditions. Pointing to continuing clashes with and attacks by anti-Government armed groups and local militias, he said the international community should support Bangui in its efforts to maintain security and protect civilians.MINUSCA should provide more support for security sector reform, capacity-building of armed forces and the extension of State authority, he added. He voiced hope that the Council will push MINUSCA to adjust and optimize its mandate in light of the Governments needs, focus on key tasks and make a greater contribution to the maintenance of peace and stability in the country. Noting the challenging security situation in the countrys border areas with Sudan and Chad, he voiced support for Banguis work with neighbouring countries to strengthen border control and combat cross-border crime.

SRGIO FRANA DANESE (Brazil), Council President for October, speaking in his national capacity, said that, despite the challenging political and security situation, MINUSCA has advanced the carrying out of its mandate, especially in supporting the Government in creating the conditions needed for the Political Agreement for Peace and Reconciliation. He was encouraged by the Governments efforts at decentralization of the process. He added that the success of the Political Agreement depends on how the people most affected by the conflict are engaged. He congratulated those behind initiatives to guarantee womens involvement in the political process. He expressed concern at continued instability in parts of the country and distress over increased human rights violations, including those of a sexual nature and grave violations against children. Such violations must be halted, he said. The situation in the country requires continued attention due to the high need for humanitarian assistance, he added.

SYLVIE BAPO-TEMON, Minister for Foreign Affairs of the Central African Republic, noted that the political and security situation in her country has significantly improved.Recalling the bloody crisis by the Slka in2013 and the Coalition of Patriots for Change rebel group that brought hell back to the people already devastated, she said that her country is rising from these ashes. Noting that coordination with MINUSCA has improved, she also spotlighted the contribution of other regional organizations. Expressing her appreciation to France, she said that the turbulence that the countries have experienced must not let them lose sight of the Operation Sangaris that stopped the bloodshed caused by the Slka. She also spotlighted the extension of State authority throughout almost the entire territory of the country, obtained by security efforts as part of the disarmament, demobilization and reintegration programme, and pointed to the launch of a local governance programme financed by the World Bank.

Spotlighting the progress of the third strategic review meeting of the political process, she said she was surprised by reports citing violations of the status-of-forces agreement, noting that her Government has only recorded four such violations mentioned by MINUSCA. She said that the Missions current mandate needs to be adjusted to the reality in the Central African Republic. Stressing that the status-of-forces agreement has now become an obstacle to the countrys recovery efforts, she added: Now and not tomorrow we need a road map seeking to readjust the mandate to prepare for a potential withdrawal of MINUSCA. She also said that the abuse and violations of this agreement by the UN have become intolerable, causing a loss of more than 150billion CFA francs, observing that it is a hindrance for the countrys stabilization and recovery efforts. Accordingly, she called on the Organization to review MINUSCAs mandate and the agreement that links her Government and the Mission.

Also noting that hate speech and calls for armed destabilization are coming from neighbouring, friendly countries, she urged those States to ensure that there is no shred of complicity. Turning to the report of one non-governmental organization whose name she refrained from mentioning that published an article on sexual violations on 25October, she said that it is demotivating the countrys technical and financial partners. It seems that anybody can decide what they want to do for humanitarian reasons; they can do whatever they want in the [Central African Republic]. Noting that such non-governmental organizations are themselves the perpetrators of human rights violations, complicit with the crisis, she pointed out that these entities have often been stopped for possession of arms and providing those to rebel groups. To this end, she urged the Council to be consistent regarding a resolution on the renewal of the arms embargo.

Stressing the disconnect between the reports produced in this ivory tower and the situation on the ground, she said that all this seems to be responding to a different timeframe. She stated that it depends on us [the Central African Republic], on our timetable and not on what anybody wants to impose, warning that the forthcoming local elections should not serve as a pretext for maintaining the country in a state of precarity. Noting that the situation in Bangui is not complex, but has been made such by geopolitical strategies, she encouraged Member States to take time to understand the countrys history and the root causes of the crisis.

MATEUS PEDRO LUEMBA (Angola) noted that the political and security landscape has positively evolved, despite persisting security challenges. He congratulated the Central African Republic for its ownership of the review of the political process following the Luanda Road Map adopted in2021 and the third meeting of the Strategic Committee for the Supervision of the Political Process for Peace in2023. He stressed the importance of maintaining this strategic review on a quarterly basis at the political, strategic and technical levels to align resources and appropriate support according to an agreed timetable. It is essential to ensure that the decentralization of the peace process is supported by a communication plan that supports the entire process and mobilizes all levels of society for greater ownership and support of peace process dynamics. His country welcomed efforts regarding the dissolution of armed groups and the political processes that have allowed for the restoration of State authority in more than 85percent of the territory.

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Inclusive Dialogue, Implementation of Political Accord Only Viable ... - United Nations

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Global Managed Mobility Services (MMS) Strategic Report 2023: Market to Reach $193.6 Billion by 2030 – Globalization of Businesses & Workforce…

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Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Managed Mobility Services (MMS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Managed Mobility Services (MMS) Market to Reach $193.6 Billion by 2030

The global market for Managed Mobility Services (MMS) estimated at US$22.5 Billion in the year 2022, is projected to reach a revised size of US$193.6 Billion by 2030, growing at a CAGR of 30.9% over the analysis period 2022-2030.

Device Management, one of the segments analyzed in the report, is projected to record 30.9% CAGR and reach US$107.2 Billion by the end of the analysis period. Growth in the Application Management segment is estimated at 27% CAGR for the next 8-year period.

The U.S. Market is Estimated at $8.3 Billion, While China is Forecast to Grow at 41.5% CAGR

The Managed Mobility Services (MMS) market in the U.S. is estimated at US$8.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$27.4 Billion by the year 2030 trailing a CAGR of 41.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 24.2% and 27.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28% CAGR.

What`s New?

Special discussions on the global economic climate and market sentiment

Coverage on global competitiveness and key competitor percentage market shares

Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial

Online interactive peer-to-peer collaborative bespoke updates

Access to digital archives and trademarked research platform

Complimentary updates for one year

Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

Impact of COVID-19 and a Looming Global Recession

COVID-19 Pandemic Accelerates Adoption of Managed Mobility Services

WFM Employees as a % of the Total Workforce

An Introduction to Managed Mobility Services (MMS)

Use Cases of MMS

Benefits

Managed Mobility Services for Modern Businesses

Deciphering the Difference: MMS vs. Mobile Device Management (MDM)

MMS Market: An Overview of the Industry

The Mobile Mindshift: The Building Block of Mobility Services

Managed Mobility Services Hold Potential in Enhancing Technology Expense Management

Global Market Prospects & Outlook

World Managed Mobility Services Market by Function (2020 & 2027): Percentage Breakdown of Revenues for Device Management, Application Management, Security Management, and Support & Maintenance

World Managed Mobility Services Market by Vertical (2020 & 2027): Percentage Breakdown of Revenues for IT & Telecom, Manufacturing, Retail, BFSI, Transportation & Logistics, Healthcare, and Other Verticals

Developed Markets: Key Revenue Contributors

World Managed Mobility Services Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions

Emerging Markets: Hotspots for Growth

Global Managed Mobility Services Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, USA, Africa, Canada, Europe, and Japan

Competitive Scenario

Recent Market Activity

Managed Mobility Services (MMS) - Global Key Competitors Percentage Market Share in 2022 (E)

Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

Story continues

MARKET TRENDS & DRIVERS

Globalization of Businesses & Workforce Decentralization Provide a Solid Foundation for Wider Adoption of MMS

Enterprise Mobility & End-Use Sector Perspective: A Snapshot

Key Benefits Encouraging Enterprise Mobility Trend Ranked by Importance Attached by Enterprises

Key Business Areas Targeted for Mobility Over the Next Few Years Ranked by Priority Attached by Enterprise IT Departments

Key Elements Targeted for Managed Mobility Deployments in the Short-Term Ranked by Priority Attached by Enterprise IT Departments

Northbound Momentum in BYOD Uptake Widens Opportunities for MMS

Key Factors Encouraging BYOD/COPE/COBO Trend among Enterprises Ranked by Importance Attached by Enterprises

Large User Base of Smartphones & Tablet PCs Spurs Interest in Hassle Free Mobile Management

Growing Consumption of Enterprise & Productivity Apps

Enterprise Apps for Sales Side Functions

Enterprise Apps for Distribution Side Functions

Complexity of Enterprise Mobility Drives the Need for Managed Mobility Services

Challenges with Mobility: A Review

Managed Mobility Services to the Rescue

SMEs Intensify Adoption Curve

Cloud-Based Services Grow in Prominence Over Traditional Managed Services

Enterprise Mobility-as-a-Service Gains Traction in Developing Regions

High Cloud Readiness Index (CRI) Score in Asian Countries Spells Lucrative Business Opportunities for Enterprise Mobility-as-a-Service

Efficiencies Offered in Implementation of Mobility Program Encourage MMS Adoption

Retail Sector Emerges as Fastest Growing End-Use Vertical

Spurt in eCommerce Triggers Fresh Opportunities

Widespread Acceptance of Enterprise Mobility in Healthcare Domain Augments Prospects

Manufacturing Sector Remains a Major Revenue Contributor

Robust Opportunities Identified in Financial Services Sector

IT & Telecom Enterprises: Foremost Adopters & Dominant Consumers of MMS

Transportation & Logistics: High Potential Verticals

Managed Mobility Aids Warehouse Operators in Infusing Agility & Flexibility

Established Role of Mobility in EHS Management Augurs Well

Automation & Unified Workplace Strategies Influence MMS Market

Key Challenges

FOCUS ON SELECT PLAYERS(Total 146 Featured)

Cisco Systems, Inc.

AT&T, Inc.

BlackBerry Ltd.

Capgemini SE

Azzurri Communications Ltd.

Accely Group

Damovo Deutschland GmbH & Co. KG.

Deloitte Touche Tohmatsu Ltd.

Dell Technologies, Inc.

Agreeya Solutions, Inc.

ALE International

Amtel

Asdeq Labs

Cass Information Systems, Inc.

Computacenter

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Jump Crypto and Bain Capital Crypto bet $8 million on Gauntlet founders new startup, Aera – Fortune

Tarun Chitra is a big name in decentralized finance. In 2018, he founded the crypto risk management platform Gauntlet, which grew to a $1 billion valuation as of last year, and then in 2022 he cofounded Robot Ventures, a venture capital firm that backs fintech and crypto companies. Now, Chitra is back again with his newest project: Aera, a decentralized protocol to help decentralized autonomous organizations, or DAOs, manage their finances.

On Thursday, Chitra, who once worked at a Wall Street trading firm, announced that the Aera Foundation raised $8 million from the crypto offshoots of two investment giants: Bain Capital and Jump Trading. Bain Capital Crypto led the round, which was exclusively a presale of Aeras cryptocurrency, Chitra told Fortune. He declined to provide any details about a valuation.

The Aera team has developed a much-needed solution perfect for crypto-native organizations looking to responsibly manage their treasuries, Stefan Cohen, a partner at Bain Capital Crypto, said in a statement.

Decentralized finance, or DeFi, is as it sounds: a financial system designed to let traders buy from and sell to each other without having to go through a trusted intermediary. Within this ecosystem is a crypto variation on traditional companies: decentralized autonomous organizations.

DAOs aspire to a democratic corporate structure in which decisions are made by a group of stakeholders, not one central authority. But like traditional companies, DAOs have an endowment, or a collection of funds to dole out and spend on projects, investments, or new cryptocurrencies.

And heres the rub, according to Chitra: To manage these endowmentswhich in some cases amount to hundreds of millions of dollarsDAOs either need to sacrifice speed or decentralization. If they want to manage funds quickly, they need to hire a few fund managers. And if they want to adhere to the ethos of decentralization, they need to laboriously vote on every decision.

This is what Aera aims to solve. The new protocol promises to let DAOs both quickly respond to market swings and not sacrifice decentralizationa service that can be loosely summarized as crowdsourced portfolio management. DAOs can plug into Aera and get crowdsourced advice about how to manage their often considerable endowments.

Ultimately, Chitra, sitting in his office off of the main drag in Manhattans Chinatown, said that he believes hes designed a solution, not for a niche organizational structure in crypto, but for the future of the LLC.

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Jump Crypto and Bain Capital Crypto bet $8 million on Gauntlet founders new startup, Aera - Fortune

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