Quantum computing is a project that has been in the news lately for achieving great advances in its development. A project that is expected to impact on the computer systems we know today and in the future of computing in general.
Quantum computing ignores the logical systems used by current computer systems and uses the model of the states of the atom to perform their processes.
Conventional devices and computers summarize all the information they process in binary language, that is, they only use two states for the data: 0 or 1. The bits can only be turned on or off. All the information in the current computer is summarized in a sequence of zeros and ones.
What is quantum computing?
To begin we must know that quantum computing is based on atoms. Next, we must understand that atoms have a special quality, which is precisely one of the factors that make quantum computing incredible. This quality is “Superposition.”
The superposition of the atom means that an atom can adopt a state of 0 and 1, but can also adopt both states at the same time. Quantum computers are able to simultaneously test all the possibilities that exist for the concrete solution of a problem, instead of trying all the possibilities one after the other as it is currently done.
Jean Chalopin, Chairman of Deltec International mentioned, “This change in the paradigm of computing is a huge leap forward in the power of computing since it would allow complex calculations that are currently unattainable even for supercomputers.”
Speed of quantum computers
The power of quantum computers, like that of conventional computers, is measured in processing units, which are nothing more than individual atoms. In the case of quantum computers, it is measured in quantum bits or qubits. The greater the number of qubits, the faster they work.
Atoms, in addition to adopting several states simultaneously, also have another feature called atomic interlacing. Thanks to this particularity, an atom can transmit certain properties to another without anything in between. Any change in the state of one of the interconnected atoms causes an instantaneous change in the other. This allows creating quantum interlacing between several atoms forming a network of atoms that works in a harmonic way.
Since a quantum bit or qubit is capable of processing much more information than a bit, the processing power with respect to current systems increases exponentially.
As the new discoveries allow to create quantum interlacing with a greater number of atoms, this power will increase substantially, to the point of being able to solve in seconds tasks for which a normal supercomputer would take much longer time.
A quantum leap in banking operations
Quantum computing leads the execution of certain arithmetic operations and those in which many similar operations occur at the same time.
Likewise, quantum computers are the ideal tools to work with encrypted information. So, they would become the perfect tools for the execution of online banking transactions. In addition, quantum computing can process huge amounts of data in a short time, exponentially optimizing banking operations worldwide.
Quantum computing would completely impact the development of different banking operations, taking them to a new level of execution in all aspects. In summary, quantum computing would change the banking we know today, and transform it completely turning it into a service of incomparable speed and quality for the customer.
Disclaimer: The author of this text, Robin Trehan, has an Undergraduate degree in economics, Masters in international business and finance and MBA in electronic business. Trehan is Senior VP at Deltec International www.deltecbank.com. The views, thoughts, and opinions expressed in this text are solely the views of the author, and not necessarily reflecting the views of Deltec International Group, its subsidiaries and/or employees.
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