INSUBCONTINENT EXCLUSIVE:
Quantum computing can break the tough combination of blockchain and artificial intelligence (AI) together but it has challenges, an industry
expert said.Quantum computers, which have an immense computing power to encrypt and decrypt data, can crack even the most elaborate forms of
encryption in use today and they can perform complex calculations at 100m times the speed of current computers.What is quantum
computing?Data can be processed in an exclusive binary state at any point of time, that is, either 0 (off) or 1 (on) but in quantum
way to break and quantum computing may make it easier for people to break the existing encryption technology." Dr
Anand Rao, global AI lead at research and consulting firm PwC, told TheIndianSubcontinent Middle East.If quantum computing becomes widely
accessible, he said that everyone will be forced to upgrade from the current encryption to quantum encryption to stay one step ahead of
quantum cryptography, uses a series of photons to transmit data from one location to another over a fibre optic cable
If the photon is read or copied in any way by a middle man, the state of the photon will change
The change will be detected by the endpoints and the transaction will not be complete.The security community will need to adopt a new set of
The standardisation process is underway with NIST [National Institute of Standards and Technology] and within a few years, it should have a
The gains may not be there for all types of computation
There are specific types of algorithms such as portfolio optimisation and drug discovery that can be better done on a quantum computer than
then it is better off using a traditional computer
With quantum computing coming in, it does not validate AI or blockchain
that quantum computing will take a couple of years to advance and until then, blockchain and AI can be combined to protect information and
It is the endpoint of the blockchain that is being cracked but not the blockchain itself
come together, each party has something to lose and something to gain
If they look at something to lose, they will never come to an agreement and that is why blockchain is taking a back seat for the past year
does do a lot of computation which means that it is consuming a lot of computing power.When asked whether AI is fact or fiction, he said
that there is still a lot of hype around AI since 1985.There are some things; he added that is game-changing in terms of how the algorithms
advancements but sometimes the vendors are overpromising, feeding into the hype
All the general-purpose AI, taking over humanity, is oversold and there is no technology to take us there, it is blown up to scare people
