A 100% functional quantum computer is not yet available, but progress is being made towards achieving this goal. The potential of computing based on quantum physics is significant, with the ability to unlock microbial dark matter, discover new medicinal molecules, analyze genomes, and optimize complex processes in various industries. Finding shortcuts to leverage the power of quantum computing is essential, and BBVA researchers have made significant advances in this area.
The physical world we perceive is just the tip of the iceberg when it comes to quantum physics. Quantum computing offers capabilities impossible to achieve with classical computing, but building a fault-tolerant quantum computer is still a decade away. BBVA researchers have found a way to simulate quantum algorithms using classical machines, bypassing issues like coherence time and noise. This distributed quantum simulation can be implemented by any institution without the need for specialized quantum hardware.
The new system developed by BBVA researchers allows for the simulation of quantum algorithms with classical computers, leveraging the advantages of quantum computing with existing technology. This approach, while costly, opens up new possibilities for applications in various industries, from finance to pharmaceuticals. The distributed quantum simulation has already demonstrated capabilities in portfolio optimization and risk calculation, with potential applications in other fields like materials science and drug discovery.
The research on quantum simulation is not limited to BBVA, with companies like Fujitsu also making significant advancements in this area. By combining quantum and classical computing techniques, these companies are accelerating the practical application of quantum computing in real-world scenarios. The scalability and versatility of distributed quantum simulation make it a valuable tool for research institutions, industries, and businesses looking to harness the power of quantum computing.