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NEW YORK, July 27, 2022 IQT Research foresees major commercial opportunities arising to protect blockchain against future quantum computer intrusions and agrees with the White House National Security Memorandum NSM-10, released on May 04, 2022, which indicates the urgency of addressing imminent quantum computing threats and the risks they present to the economy and to national security in our latest report The Quantum Threat to Blockchain: Emerging Business Opportunities.

Although primarily associated with cryptocurrencies, blockchain has been proposed for a wide range of transactions, including in insurance, real estate, voting, supply chain tracking, gaming, etc. These areas are all vulnerable to quantum threats, which lead to operations disruption, trust damage, and loss of intellectual property, financial assets, and regulated data.

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About the Report:

Quantum computers threaten classical public-key cryptography blockchain technologies because they can break the computational security assumptions of elliptic curve cryptography. They also weaken the security of hash function algorithms, which protect blockchains secrets. This new IQT Research report identifies not only the challenges, but also the opportunities in terms of new products and services that arise from the threat that quantum computers pose to the blockchain mechanism. According to a recent study by the consulting firm Deloitte, approximately one-fourth of the blockchain-based cybercurrency Bitcoin in circulation in 2022 is vulnerable to quantum attack.

This report covers both technical and policy issues relating to the quantum vulnerability of blockchain.

From the Report:

About IQT Research

IQT Research is a division of 3DR Holdings, and the first industry analyst firm dedicated to meeting the strategic information and analysis needs of the emerging quantum technology sector. In addition to publishing reports on critical business opportunities in the quantum technology sector, Inside Quantum Technology produces a daily news website on business-related happenings in the quantum technology field. For more information, please visit https://www.insidequantumtechnology.com.

3DR Holdings also organizes the Inside Quantum Technology conferences. The next conference is dedicated to quantum cybersecurity and will be held October 25-27 in New York City.

Source: IQT

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IQT Predicts Blockchain and Quantum Threat to Spread Beyond Cybercurrencies - HPCwire

NYU Langone and Fermilabs Superconducting Quantum Materials and Systems Center have proposed a pilot program to study a new method in MR imaging that combines quantitative MR (qMR) with quantum computing.

The two would develop algorithms that quantum computers could use to accurately and rapidly determine multiple tissue properties from MR scans. While quantum computing would speed up and make scans more accurate, the algorithms would improve qMR for clinical use to allow doctors to confirm interpretations by comparing MR scans based on statistics and machine learning, rather than inconsistencies in image contrast.

We expect to be able to model a large number of properties and the interactions among them to obtain a more comprehensive picture of the underlying structure of the imaged tissues. This will be possible not just because quantum computers enable faster generation of the large models, but also because they are better suited than traditional computers to model the interactions between tissue properties in MR, since they are governed by the laws of quantum mechanics, Dr. Riccardo Lattanzi, an associate radiology professor at NYU Grossman School of Medicine and principal investigator, told HCB News.

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The data is held within the 3D pixels of MR scans, which quantum computers can use to measure properties to assess and monitor patient health across multiple scans. It also can speed up measurements and create more accurate MR simulations to show the underlying properties of the MR data fingerprints.

Having multiple quantitative parameters that reflect the underlying properties of tissues improves detection of lesions and pathologies. Furthermore, by looking at them from different angles (i.e., by having multiple biophysical parameters estimated for the same pixel), we can also better characterize these lesions to help create personalized treatments," said Lattanzi.

He adds that another potential application is being able to generate digital twins to detect and characterize abnormalities.

SQMS Center is made up of 23 institutions studying the use of quantum computing. The partnership is the first one it has undertaken for directly advancing healthcare.

NYU has received DOE Office of Science approval to become a member of the SQMS Center.

The collaboration is pending final approval of a formal agreement between NYU and Fermi Research Alliance, which manages Fermilab.

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NYU Langone, Fermilab to enhance, speed up quantitative MR with quantum computing - DOTmed HealthCare Business News

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(PHOTO BY Karen Schaffner)

From left, Joselyn Pirro, 14, and Sagan Friskey, 18, work diligently at their computers learning Qiskit, a programming language that enables their computers to communicate with quantum computers.

At Quantum Quest, an all-girls quantum computing camp, 20 teenage female students recently stood on the precipice of a brand new technology: quantum coding.

(Scientists) use quantum computers, Program Manager Gabbie Meis said. (Quantum computers) actually use quantum mechanics to solve some of the worlds largest problems, like things with lots of data or simulations that our classical computers just dont have enough power to do. Instead of our classical computers, quantum computers are actually an entirely different type of machine that is still being developed today.

This kind of computer requires quantum coding and when programmed could be used to help solve problems like mitigating the impacts of climate change; transportation mapping, such as figuring out how to remap the entire country of Australia with more efficient roadways; or even biomedical research, such as protein folding for vaccine development or drug discovery research.

Back in 2019 Google ran a problem on their quantum computer that they estimated would take the most powerful supercomputer about 10,000 years to solve, Meis said. They said they got their (quantum) computers to solve it in less than two days.

During the camp, students learned the programming language Qiskit, an open source (free) software development kit. Meis called it a Python-backed library, Python being a programming language. Qiskit allows the students classical computers the kind most of use at home to communicate with quantum computers. Ironically, although the students all had their laptops open, the learning was done on dry erase boards.

Quantum is interdisciplinary so theyre learning the basics in linear algebra, Meis said. Theyre learning computer science and how to code in Python, and theyre learning quantum physics, all wrapped in this single week.

The Coding School, located in Southern California, has a quantum coding initiative called Qubit by Qubit, the most basic unit of information in quantum computing. The initiative seeks to make quantum computing education accessible to students in K-12, because as it stands right now, according to Meis, students dont usually see quantum computing until they are graduate students.

To bring quantum coding to the masses, the School developed the Quantum Quest camp and partners with other organizations to offer it locally. For Tucson, they partnered with the University of Arizonas Office of Societal Impact and the Girl Scouts of Southern Arizona (GSSA).

When this all came about it was the perfect marriage between the Coding School, the U of A and the Girl Scouts in trying to bring accessibility to this more advanced part of STEM, Colleen McDonald said, director of staff supported programs for the GSSA. As Girl Scouts we see ourselves as the connector. We want to make sure that all girls have access to it.

The Coding School has been offering this camp for some time this is its 10th camp but its the first time its been offered in Tucson. Camp topics included everything from foundational concepts that make up the quantum world such as entanglement and qubits, and end with teaching girls how to code real quantum computers.

Its all new science. These students are at the very foundation of quantum coding, according to Meis, and that is part of why it is so important to offer this to young women. One, they are introduced to quantum computing, but two, so they do not feel alone in their interest in this field, Meis said.

This is a hard science, right? Meis said. We really want our students to feel that theres a place in this for girls. Were really trying to empower them now while theyre still in high school.

Ive worked with girls for two decades doing STEM with them and one of the biggest things I hear is they think that theyre alone in liking STEM, that they dont realize there are other girls who are also willing to push themselves, Michelle Higgins added. Shes the associate director of the Office of Societal Impact.

The lead instructor for this camp is herself an example to these students. Emily Van Milligen is a doctoral student at the UArizona department of physics. Her field of study is quantum entanglement and routing protocols. She noticed that not one student fell behind; they all listened.

They love it, Van Milligen said. They like the lectures Im giving, which is exciting because that means they enjoy the content. Im not doing anything that special.

One student, 18-year-old Sagan Friskey and future Pima Community College student, spoke enthusiastically about the camp.

I think its super interesting to learn about, especially since were at the very beginning of it becoming a part of something that you can learn about and work with, she said.

Gabriela Malo-Molina, 14, a student at Catalina Foothills High School, said shes never seen this before and could be interested in looking deeper into it.

I think this is a very special opportunity, and that this field will definitely be more commonly used in the future, she said. And quantum computing in the future will be very helpful for discoveries, especially in the medical field.

Link:
Coding the future | Currents Feature - Tucson Weekly

Banks are cautiously preparing to implement new encryption algorithms that will protect against hackers using quantum computing to crack their code. But experts warn they potentially need to stump up astronomical sums to raise their cyber defences against the developing threats. If they dont, then current cryptography could be obsolete within five years, according to some estimates.

Andersen Cheng, who worked on JP Morgans response to the millennium bug in 2000, says the bank spent $286

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Banks may spend billions to stop quantum hacking threat - Risk.net

New Jersey, United States This Quantum Computing Market research works as the best evaluation tool to track the progress of the industry and keep an eye on the competitors growth strategies. It further helps to keep you ahead of your business competitors. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. By referring to this comprehensive Quantum Computing market analysis report, it becomes possible for organizations to monitor the efficiency of sales, determine the quality of services offered by competitors, estimate the competition level in the market and understand the communication channels followed by competitors in the market.

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Key Players Mentioned in the Quantum Computing Market Research Report:

Qxbranch QC Ware Corp., International Business Machines Corporation (IBM), D-Wave Systems Inc., 1qb Information Technologies Inc., Cambridge Quantum Computing Ltd, Station Q Microsoft Corporation, River Lane Research, Rigetti Computing, Research at Google Google Inc

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Quantum ComputingMarket Segmentation:

Quantum Computing Market, By Offering

Consulting solutions Systems

Quantum Computing Market, By Application

Optimization Machine Learning Material Simulation

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Report Overview:It includes major players of the Quantum Computing market covered in the research study, research scope, market segments by type, market segments by application, years considered for the research study, and objectives of the report.

Global Growth Trends:This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Quantum Computing market. Furthermore, it offers production and capacity analysis where marketing pricing trends, capacity, production, and production value of the Quantum Computing market are discussed.

Market Share by Manufacturers:Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.

Market Size by Type:This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.

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Production by Region:Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.

Consumption by Region:This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.

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Quantum Computing Market Size, Scope, Growth Opportunities, Trends by Manufacturers And Forecast to 2029 - This Is Ardee