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

Product type Paperback

Published in Mar 2020

Publisher Packt

ISBN-13 9781838647766

Length 334 pages

Edition 1st Edition

Languages

Python

Tools

Blockchain

Concepts

Blockchain

Author (1):

Arunkumar Krishnakumar

View More author details

Table of Contents (20) Chapters

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

Conclusion

8. The Impact on Governance

9. Interview with Max Henderson, Senior Data Scientist, Rigetti and QxBranch

Conclusion

10. The Impact on Smart Cities and Environment

11. Interview with Sam McArdle, Quantum Computing Researcher at the University of Oxford

Conclusion

12. The Impact on Chemistry

13. The Impact on Logistics

14. Interview with Dinesh Nagarajan, Partner, IBM

Conclusion

15. Quantum-Safe Blockchain

16. Nation States and Cyberwars

17. Conclusion – Blue Skies

18. Other Books You May Enjoy

19. Index

The Impact on Financial Services

The financial services industry has historically been slow in embracing innovation and cutting-edge technology. It is partly because banks, asset management, and insurance firms have seen themselves as being in the business of providing financial products. They have considered technology as cost centers and non-core to their business. However, that approach has been challenged by two key changes in the business landscape.

The recession in 2008 saw several key shifts in how financial services firms interacted with innovative technologies. Banks had huge regulatory pressures after the recession. This meant they had to be careful about how creative they got with financial products they were offering to their customers. Banks had to report more details to the regulators about their product and service offerings. As a result, innovative products became scarce. There were large overheads related to back office technology and processes. In the...