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On the path towards a quantum economy
- HSBC, NQCC, Rigetti, and the Quantum Software Lab collaborated on investigating quantum computing for fraud detection in financial transactions.
- NQCC's priority is to help organizations understand the value of quantum computing for performance improvement.
- Feasibility studies supported by NQCC allow companies to explore quantum computing's impact in specific use cases.
- HSBC explored quantum technologies for detecting fraud as it affects a significant percentage of criminal offenses in the UK.
- The aviation industry project focused on optimizing cargo loading for fuel efficiency and emission reduction.
- Hybrid quantum-classical solutions were used to enhance optimization in loading cargo containers and fraud detection.
- Quantum simulators running on classical computers showed potential for fraud detection despite limitations.
- Results led to the development of roadmap for ongoing quantum computing work with a focus on data security protocols.
- NQCC supported collaborations and networking opportunities for stakeholders to explore quantum computing applications.
- The project outcomes emphasized the importance of forming constraints for quantum algorithms and understanding real-world requirements.
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