| | September 20198CIOReviewQuantum computing is here to stay. Although not in its final state, it is clear that quantum computing will influence and change computing for years to come. In fact, notion of post-quantum computing is already a topic of conversation.In 1994 Dr. Peter Shor, created an algorithm that, in theory, utilizes yet-tobe- developed quantum computing that would be capable of cracking RSA encryption much faster than a traditional computer. This means decryption that could take years on traditional computers, could in potentially be completed in minutes or even seconds. A quick review of computing achievements helps us understand why quantum computing is closely studied and a critical piece of computing technology moving forward. The Transmission Control Protocol/Internet Protocol (TCP/IP) was developed in 1983 as a series of communication processes that allow network devices to connect with each other. Less than a decade later, the World Wide Web launched in 1991. The computing power, network capabilities and security considerations we use today trace their roots to these key milestones. Since then, cybercrime has become a real and growing business. A recent study from Bromium.com declared cybercrime generated $1.5 trillion USD in profits in 2017, which is the equivalent to the GDP of Russia in 2017. It only makes sense the internet needs to be architected and considering current encryption methods, could be rendered unsecure based on Shor's algorithm. It is quite clear that quantum computing needs to be part of the solution to enhance cybersecurity. There is no shortage of interest in developing and studying quantum computing. One way to gauge worldwide attention to quantum computing technology is through the vast number of academic papers published across the globe. It is difficult to discern the focus of nation's ambitions from the volume of papers but it is very clear the nations most focused on quantum technology are China and the United states. The U.S. and China published 4,511 and 4,125 papers on quantum computing. These QUANTUM COMPUTINGIS HERE TO STAYBy John Shea, VP, Chief Information Officer, Eaton VanceIN MY OPINION
<
Page 7 |
Page 9 >
