The Hong Kong-Shanghai Banking Corporation (HSBC), an international giant banking, announced the first successful test of Quantum Computing in a trade application on Thursday.
HSBC researchers use a Quantum computer processing As part of their algorithmic trading process, a trading method that uses predetermined policies to conduct transactions, to find the possibility of filling over-the-counter (OTC) Bond orders at the desired price.
HSBC announced That volume processing creates a 34% improvement in predicting bond prices and the possibility of filling orders without slippage. Philip Intallura, head of the HSBC team of quantum technologies, said:
“Due to the test that brought positive results to the current quantum computing volume, we have a huge confidence that we are in the cusp a new border of computing financial services, rather than something far from the future.”
Cryptocurrencies depend on encryption standards that could be cracked by a sufficiently powerful quantum computer, causing debate among blockchain developers about the timeline of the threat and when The transition to cryptography resistant to quantity Must happen.
Related: Bitcoin must act quickly to defeat Quantum by 2030: Founder of Solana
Those who have developed remains divided into the threat of volume
Blockchain developers remain divided when computers volume crashes modern methods of discryption that support cryptocurrencies and are also used in entire financial, military and consumer applications.
The lower end of the scope of the “Q-day,” forecasts, or the moment where a sufficiently strong computer volume can cracked modern encryption algorithms, in five years, Once in 2030To many developers who are afraid that the supremacy of volume will take place in 2035.
However, others like Bitcoin (Btc) Developer Adam Back said Supremacy volume is decades away From what happens, if it happens.
https://www.youtube.com/watch?v=zeeru9FTBC8
In November 2024, researchers at Shanghai University again returned to the fear of the crypto community with the computers of volume cracked modern algorithms of eencrypting In a series of trials.
However, a closer look at the experiment found that the volume of the computer was only made Break a 22-bit keywhich is an order of magnitude below the 892-bit record set by a classical computer.
For the context, modern -ups the Censorypted keys used in the RSA’s scope from 2,048 bits to 4,096 bits and can be doubled to remain in advance of volume processing strength.
Magazine: Bitcoin vs. computer volume threat: timeline and solution (2025–2035)
