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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
Languages
Concepts
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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 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...

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