While a fully functional quantum computer is not yet available, advancements in quantum computing technology are being made. The potential of quantum computing based on physics is immense, with the ability to unravel microbial dark matter, discover new medicinal molecules, analyze genomes and optimize complex processes in various industries.
Recently, BBVA researchers achieved a distributed quantum simulation using classical servers and open-source programming, making it accessible to institutions without the need for specialized quantum hardware. This simulation has numerous applications ranging from portfolio optimization to drug discovery and materials research.
The subatomic world offers unique properties such as superposition, teleportation, superconductivity and topological order which can revolutionize computing. Although a fault-tolerant quantum computer is still years away, this distributed quantum simulation developed by BBVA researchers bypasses the challenges of coherence time and noise, allowing for the execution of quantum algorithms on classical computers.
This research aligns with efforts by other companies like Fujitsu to accelerate the practical application of quantum computing. By achieving faster processing speeds and minimizing precision loss, these advancements pave the way for real-world quantum computing solutions in various industries. The collaboration between academia, industry and public institutions will be crucial in harnessing the power of quantum computing for diverse applications.