Quantum computers are now a fact. In their fully realised form, they threaten the informational advantages enjoyed by governments as well as industries, not least by breaking all existing data encryption techniques. If the engineering obstacles to high performing quantum computers can be overcome, a new range of geopolitical and even existential threats will emerge, but so will solutions to problems previously thought insoluble. The commercial opportunities are legion.
Professor Belal Ehsan Baaquie is a theoretical physicist now resident at the International Center for Education in Islamic Finance (INCEIF) in Kuala Lumpur, which he joined in 2016. He was for the previous 32 years at the National University of Singapore, where he specialized in applying quantum mechanics to financial markets. He spoke to Future of Finance co-founder Dominic Hobson about the near and long-term prospects for quantum computers.
Every Chief Technology Officer knows that quantum computing has the potential to disrupt not just their technology but their entire industry. Yet like nuclear fusion, it always seems to lie somewhere beyond their retirement date. The truth is that quantum computing power is on a Moore’s Law-style trajectory of doubling every twelve months. This means disruption by quantum computing is closer at hand than most people think.