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Quantum Perspectives: Quantum Computing’s Conquest Across The Spectrum Of Domains

2024; Volume: 9; Issue: 3 Linguagem: Inglês

10.33130/ajct.2023v09i03.003

2350-1146

Jason D’souza, K. L. Chopra, Sanober Shaikh,

Quantum Information and Cryptography

Quantum computation, which has been evolving from time to time, is cutting across several sectors such as finance, blockchain, encryption, among others. There are vigorous competitions among scientists and researchers to bring a twist of innovative quantum computation. The finance sector is always a sector that uses technology to the maximum of its potential. Its uniqueness has exhibited a distinct level of effectiveness and cost-saving. For instance, J.P. Morgan uses a platform known as Contract Intelligence, a machine code, to review its thousands of documents with great expediency as if they were unlimited. This platform processes 12,000 commercial loan agreements annually in mere seconds, a task that would require over 360,000 hours through manual review processes. The use of quantum computing in finance promises not only exponential increases in efficiency but also unlocks unprecedented breakthroughs previously deemed unattainable. This paper delves into the ongoing advancements facilitated by quantum computing in various facets of the blockchain, cryptography, financial and Formula One (F1) racing industry showcasing its potential to redefine the landscape.