NEASQC, a Quantum Computing Project, Aims to Create Financial Use Cases with a “Practical” Quantum Advantage

October 6, 2020 @ 10:15 pm By Omar Faridi |

The NExt ApplicationS of Quantum Computing (NEASQC) initiative aims to bring together a multidisciplinary consortium of academic and tech industry professionals focused on quantum computing, high-performance computing, artificial intelligence (AI), energy management, and various other sectors. As mentioned in a release: “NEASQC aims to demonstrate… Read More

Quantum Resistant Ledger Team Performs Proof of Stake Updates, Says “Massive Advances” were Recently Made in Quantum Computing

October 4, 2020 @ 12:53 pm By Omar Faridi |

The team at Quantum Resistant Ledger (QRL), which claims to be the “first-of-its-kind,” post-quantum value store and “decentralized” communication layer that’s proactively tackling the threat from quantum computers, has confirmed that x41 D-Sec has started their audit of project enQlave, which is an Ethereum (ETH)… Read More

Quantum Computer Developed by Chinese Physicists May Achieve Quantum Supremacy One Million Times Greater than Sycamore from Google

September 13, 2020 @ 10:49 pm By Omar Faridi |

The team at Quantum Resistant Ledger (QRL), a post-Quantum value store and decentralized communication layer, notes that there’s recently been what appears to be “another quantum leap” in the field of quantum computing. The QRL team states: “The team at @ustc potentially achieved ‘quantum supremacy’… Read More

Quantum Resistant Ledger, a Post-Quantum Value Store and Decentralized Communication Layer, to have its Ethereum Web Wallet Audited

September 2, 2020 @ 6:11 pm By Omar Faridi |

The team at Quantum Resistant Ledger (QRL), which claims to be the “first-of-its-kind,” post-quantum value store and “decentralized” communication layer that’s proactively tackling the threat from quantum computers, reveals that x41 D-Sec has been contracted to audit project enQlave. As explained by the QRL team,… Read More

Major South Korean Daegu Bank and SK Telecom, the Nation’s Largest Wireless Carrier, are Working on 5G enabled Quantum Cryptography Tech

August 28, 2020 @ 3:29 pm By Omar Faridi |

South Korea-based DGB Daegu Bank, which is part of the DGB Financial Group (DGBFG), a banking holding company based in Daegu, has partnered with SK Telecom, a South Korean wireless telecommunications operator. Through the partnership, both organizations aim to enhance Daegu Bank’s IM Bank app’s… Read More

BBVA Continues to Work on Quantum Computing Data Projects, also Collaborating with German Fintech Rubean to Trial Contactless Payments Solution

August 27, 2020 @ 2:02 pm By Omar Faridi |

BBVA, a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, is reportedly planning to conduct trials of its new software that allows merchants to take contactless payments via their Android mobile devices, without having to install… Read More

Financial Giant BBVA Shares Results of Quantum Computing Tech Proof of Concepts for Improving Currency Aribtrage, Porfolio Management

July 19, 2020 @ 3:00 pm By Omar Faridi |

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, has introduced the results of six proof of concept (PoC) trials that leverage quantum computing for several different potential business use… Read More

Standard Chartered Announces New Collaboration With Universities Space Research Association on Quantum Computing

July 13, 2020 @ 8:15 am By Samantha Hurst |

Standard Chartered Bank announced on Monday it and Universities Space Research Association (USRA) have signed a Collaborative Research Agreement to partner on quantum computing research and developing quantum computing applications. Standard Chartered reported that its team, led by Dr. Alexei Kondratyev, Global Head of Data… Read More

Ethereum (ETH) Might Not have Quantum Resistance on its Roadmap, the QRL Team Reveals

June 15, 2020 @ 10:23 pm By Omar Faridi |

The developers at Quantum Resistant Ledger (QRL), an externally audited “enterprise-grade” blockchain platform that claims to be secure against a potential (future) attack from quantum computers, stated that Ethereum (ETH) could go quantum computer resistant through “a unique smart-contract.” The QRL team said that a… Read More

Quantum Computers Could “Completely Shatter” the Current Internet Security Systems Protecting Bitcoin (BTC) Network, Digital Payments, IoT Devices: Report

May 25, 2020 @ 5:38 pm By Omar Faridi |

Nobody really knows when Bitcoin (BTC) and other cryptocurrencies will be “vulnerable” to the threat from quantum computers, according to most experts in the field. Twitter and other social media users have been warning and reminding people that we should stay informed about the… Read More

Quantum Computing: CaixaBank, a Spanish Financial Services Firm, Is Developing Machine Learning Algorithms for Classifying Customers Based on Credit Risk

April 17, 2020 @ 3:01 pm By Omar Faridi |

CaixaBank S.A., a Spanish financial services firm based in Valencia and Barcelona in Spain, is moving forward with its experimental application of quantum computing to its financial products and services. CaixaBank, the third-largest lender by market cap in Spain (after Banco Santander and the BBVA),… Read More

Read more in: Fintech | Tagged CaixaBank, credit risk, machine learning, quantum computing, spain

Quantum Computing: Canada’s Third-Largest Bank, Scotiabank, Is Exploring Ways to Upgrade Systems to Make them Quantum-Resistant

February 11, 2020 @ 1:41 am By Omar Faridi |

The field of quantum computing, which breaks away from the traditional binary computing model, has made considerable advancements in the past 20 years. The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, has been exploring different… Read More

Indian Finance Minister Nirmala Sitharaman Recommends Allocating $1.14 Billion to Boost Nation’s Fintech Economy, with Investments in AI, Machine Learning

February 3, 2020 @ 6:00 pm By Omar Faridi |

The Indian government recently revealed its Union budget for the FY 2021. Following the announcement, it appears that the nation’s Fintech industry has been given special attention, as Indian finance minister Nirmala Sitharaman proposed on February 1 to introduce a policy for creating data center… Read More

Is Quantum Computing a Threat to Standard Cryptocurrencies?

April 13, 2019 @ 8:57 am By Cali Haan |

And cryptocurrency trading platform called Coinswitch is promoting a cryptocurrency they say is designed to “combat…future attacks by quantum computers.” According to the platform, Quantum Resistant Ledger or QRL coin is, “is the brainchild of Peter Waterland(,) who realised that Bitcoin, Ethereum, and other such… Read More

Read more in: Blockchain & Digital Assets | Tagged coinswitch, quantum computing