Quantum Blockchain Technologies Plc Working with D-Wave Systems
06 Julio 2021 - 1:00AM
UK Regulatory
TIDMQBT
6 July 2021
Quantum Blockchain Technologies Plc
("QBT" or "the Company")
QBT To Use D-Wave's Quantum Technologies In Cryptography Algorithms
Quantum Blockchain Technologies Plc (AIM: QBT), the UK Quantum Computing
Cryptography and Artificial Intelligence research and development ("R&D") and
investment company, listed on the London Stock Exchange's AIM market, announces
it will use the LeapT quantum cloud service from D-Wave Systems Inc., the
leader in quantum computing systems, software and services, to develop
cryptography algorithms for crypto currency mining.
QBT will now be able to access D-Wave's quantum-classical hybrid solvers, which
leverage both quantum solutions and best-in-class classical algorithms to run
large-scale business-critical problems. With real-time access to quantum
computers via the cloud, QBT aims to transform classic computing cryptography
algorithms, such as the one used for Bitcoin mining, in quantum computations,
or quantum-classic hybrid computations.
QBT's quantum computing team is working on the Leap platform with the goal to
exploit the speed of quantum computations, which can be, under the appropriate
conditions, several order of magnitudes faster than a classic computer.
D-Wave's new quantum computer, Advantage, includes more than 5,000 qubits and
15-way qubit connectivity. More qubits and richer connectivity provide
programmers and businesses access to a larger, denser, and more powerful graph
for building commercial quantum applications.
The hybrid solver services in the Leap platform combine the power of Advantage
with classical resources, enabling businesses and developers to build, run and
solve complex, large-scale business-critical problems with up to 1 million
variables.
QBT has already created a team, which has started working on the conversion of
optimised cryptographic algorithms, in order to make them suitable to run on
D-Wave's quantum system and quantum hybrid solvers.
Francesco Gardin, CEO and Executive Chairman of QBT, commented, "QBT is
delighted to work with the D-Wave team, which we believe will provide us with
an alternative approach to the computation of cryptographic algorithms. We have
selected what we believe is a major international consolidated player in the
quantum computing market and we look forward to working with them during the
first phase of the project. In particular, we are excited to have the benefit
of utilising D-Wave's Advantage quantum processor, with more than 5,000 qubits
where we intend to develop our optimised cryptographic algorithms."
Alan Baratz, CEO of D-Wave Systems Inc., commented, "Bringing quantum computing
to the world requires a robust ecosystem of developers and researchers, as well
as forward-thinking businesses that are committed to building practical and
applied quantum computing applications. QBT is a leader in developing new and
disruptive approaches to blockchain technology - an important innovation with
the power to change the world."
For more information on D-Wave, please go to: https://www.dwavesys.com/
quantum-computing
-ends-
For further information please contact:
Quantum Blockchain Technologies Plc
Francesco Gardin, CEO and Executive Chairman +39 335 296573
SP Angel Corporate Finance
(Nominated Adviser & Broker) +44 (0)20 3470 0470
Jeff Keating
Leander (Financial PR) +44 (0) 7795 168 157
Christian Taylor-Wilkinson
About Quantum Blockchain Technologies (AIM: QBT)
Quantum's R&D focus is on Cryptography and AI using Quantum Computing, bringing
together the most advanced classic computing technology, along with quantum
computing and AI deep learning, to develop, among other things, a new and
disruptive approach to blockchain technology, which includes cryptocurrencies
mining and other advanced blockchain applications.
The Company has set up a team of international experts in the above sectors, as
well as a computing infrastructure to support the development of the most
advanced innovative solution based on the front-line IT technologies.
For further information, please visit, www.quantumblockchaintechnologies.co.uk
END
(END) Dow Jones Newswires
July 06, 2021 02:00 ET (06:00 GMT)
Quantum Blockchain Techn... (LSE:QBT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Quantum Blockchain Techn... (LSE:QBT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024