BIS – Quantum Computing and the Financial System

The field of quantum computing has seen significant advancements in recent years, with experimental quantum computers reaching 1,000 qubits by 2024. Unlike classical computers that use bits, quantum computers use qubits that can exist in both 0 and 1 states simultaneously, allowing for faster and more accurate computations. The potential of quantum computing has attracted the attention of researchers, investors, financial market operators, and policymakers, leading to increased investments in quantum computing projects. The ability of qubits to be in superposition and entanglement between qubits opens up the possibility of building computers that work fundamentally differently from classical computers. This rapid development in the field has created new opportunities and sparked a reciprocal interaction between investments in quantum computing projects and new discoveries in quantum computing research.