NIST's Raid Against Quantum Encryption
Plus the new potential with hybrid quantum algorithms
Good evening. This week we’ll get into what the newest company collaboration has created for the quantum realm.
RIKEN, a renowned research institution in Japan, teamed up with Fujitsu to officially unveil their first superconducting quantum computer to the world. The quantum computer runs at 64 qubits with a 40-qubit-backed quantum simulator. They are calling it a hybrid computer because the quantum simulator is used to compare results of calculations with the actual quantum computer, which is still being tested for stability under an error-prone environment unlike the simulator.
Along with this, RIKEN and Fujitsu are creating a hybrid quantum algorithm with the combination of “superconducting computing and high-performance computing” in hopes for progression as a step forward to research and development, specifically in quantum chemistry and financial algorithms.
“Fujifilm will leverage the new hybrid quantum computing platform to research the effects of noise on current quantum computing results. We will also continue to develop innovative materials through the application of quantum computing.”
-Yukihiro Okuno, Senior Research Scientist, Analysis Technology Center, Fujifilm Corporation
Read more about this collaboration and how other companies are getting involved here.
NIST Releases 3 of 4 Quantum-Resistant Standards
As the possibility of quantum computers breaking classical encryption standards becomes increasingly real, the urgency of developing solid standards to withstand these attacks increases. This past week, the National Institute of Standards and Technology (NIST) released drafts of three standardized algorithms for review by the general public. These drafts include four total algorithms to protect against quantum attacks were selected last year (with the fourth algorithm being more complex and still in review). Standardization is the final step before the algorithms are released to be used as tools for use by the public, marking an exciting approach towards a new era of encryption.
📈 Quantum Stock Market Watch
As of Friday, October 20th
✂️ Snippets
Simulations show nonlocal qubit connections can reduce the number of raw qubits needed to create 12 protected qubits from 4,000 to just 288, with a failure rate 10,000 times lower.
Toronto Metropolitan University and the quantum computing company Xanadu have partnered to develop an educational training program aimed at instructing students on the ins-and-outs of quantum computing and quantum software.
The National Science Foundation (NSF) has awarded $1.5 million dollars in grant funds to The Unitary Fund to work on Mitiq’s open-source ecosystem.
Fior Markets releases quantum computing market projects for 2023 to 2032.
Quantum Convention in Silicon Valley
The Quantum 2 Business Silicon Valley conference is scheduled for December 5 - 7, 2023, and registration is now open!