Quantum computing for finance is proving to be one of the harder problems for scientists in the field.
Researchers from a number of prestigious laboratories throughout the United States, including MIT’s Lincoln laboratory, NASA, and the Los Alamos National Laboratory, recently collaborated with a government program to identify and benchmark key areas for quantum computing researchers to focus on.
The U.S. government’s military think tank, the Defense Advanced Research Projects Agency (DARPA) led the research. Its purported purpose was to provide an overview of current and future quantum computing capabilities in areas such as chemistry and material science. But, in the field most related to future finance and fintech applications, the team wasn’t able to determine if quantum computing could provide a clear advantage.
Scientists believe quantum computing will one day demonstrate a clear advantage (called “quantum advantage” or “quantum supremacy”) over classical, binary computers in a variety of different computations.
