Breaker of Chains: The Appeals and Perils of Quantum Computing

“We need to seriously rethink encryption and seriously rethink things that rely on encryption, like blockchain. Anything that is heavily dependent on complexity needs to be reconsidered in a quantum world.”

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In mid-December 2017, days after New York experienced its first snowfall of the season and temperatures dropped to freezing, IBM announced the launch of the IBM Q Network, bringing together a group of Fortune 500 companies, academic institutions and national research labs to experiment with potential real-world applications on its 20 quantum bit (qubit) processor. 

Included in this club are two heavy-hitting banks—JPMorgan Chase and Barclays. JPMorgan says it will use the network to experiment

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