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Quantum Computing and Blockchain in Business

You're reading from   Quantum Computing and Blockchain in Business Exploring the applications, challenges, and collision of quantum computing and blockchain

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Product type Paperback
Published in Mar 2020
Publisher Packt
ISBN-13 9781838647766
Length 334 pages
Edition 1st Edition
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Author (1):
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Arunkumar Krishnakumar Arunkumar Krishnakumar
Author Profile Icon Arunkumar Krishnakumar
Arunkumar Krishnakumar
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Table of Contents (20) Chapters Close

Preface 1. Introduction to Quantum Computing and Blockchain 2. Quantum Computing – Key Discussion Points FREE CHAPTER 3. The Data Economy 4. The Impact on Financial Services 5. Interview with Dr. Dave Snelling, Fujitsu Fellow 6. The Impact on Healthcare and Pharma 7. Interview with Dr. B. Rajathilagam, Head of AI Research, Amrita Vishwa Vidyapeetham 8. The Impact on Governance 9. Interview with Max Henderson, Senior Data Scientist, Rigetti and QxBranch 10. The Impact on Smart Cities and Environment 11. Interview with Sam McArdle, Quantum Computing Researcher at the University of Oxford 12. The Impact on Chemistry 13. The Impact on Logistics 14. Interview with Dinesh Nagarajan, Partner, IBM 15. Quantum-Safe Blockchain 16. Nation States and Cyberwars 17. Conclusion – Blue Skies 18. Other Books You May Enjoy
19. Index

The Impact on Chemistry

The term "quantum supremacy" was coined in 2012 by Caltech's John Preskill. Scientists foresaw a state where a quantum computer would be able to do a task that a classical computer could not. That is a very loose definition of quantum supremacy though. That is perhaps what allowed Google to claim that they have achieved quantum supremacy with their Sycamore chip.

The Sycamore is a 54-qubit processor that is able to generate random numbers. The algorithm used to do that would take over 10,000 years to do the same task using a classical computer, whereas it took 200 seconds on the Sycamore. IBM had its objections to this claim. They calculated that the entire quantum state vector of Google's Sycamore chip could be stored within Summit – the world's largest supercomputer, with 250 petabytes of storage.

Scientists who reviewed the work done by Google have revealed that the processor had high-fidelity and superfast...

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