Mentioned:
Two of the most promising quantum computing companies in the world are partnering up to build the future of blockchain technology. But, why?
What’s happening:
- BTQ Technologies (CBOE: BTQ) has entered into a new partnership with French quantum computing company Quandela to develop new quantum computing applications for the blockchain
The big idea:
- BTQ Technologies and Quandela will focus on accelerating innovation around BTC Technologies’ Quantum Sampling Proof-of-Work technology, which is a new blockchain validation protocol
- Quantum Sampling Proof-of-Work is aiming to replace traditional Proof-of-Work validation with a quantum process known as boson sampling, in which particles of light pass through an optical network and generate complex, random outputs that would be very difficult for a classic compute to simulate
- The new approach to blockchain technology and validation would be both quantum secure as well as significantly more energy efficient
Why it matters:
- Quandela has built one of the most advanced photonic computing platforms that is ideal for testing and refining BTQ Technologies’ Quantum Sampling Proof-of-Work technology through real and simulated boson sampling
Going deeper:
- Quandela has quickly emerged as one of the most exciting quantum computing startups in Europe, previously signing a major deal with a subsidiary of French energy giant EDF to provide scaleable quantum computers for cloud services in both Europe and North America
- BTQ Technologies has also been making a flurry of new moves lately, including recently taking an equity stake in quantum computing startup QPerfect which was spun out of the prestigious European Centre for Quantum Sciences
