IBM to Present First Commercial Quantum Computer

Some said it does not have enough power for many commercial purposes
10 January 2019   369

Technology giant IBM unveiled the first Q system one quantum computer for commercial use with a 20-qubit system. The invention can be used both for research purposes and for the operation of business applications.

Despite the fact that IBM claims that the invention is the first universal system for quantum computing, it does not have enough power for many commercial purposes, TechCrunch reports. IBM added that this is only the first attempt to create a system for solving complex problems and that it is upgradeable.

In addition, the company has built efficient cooling systems for such massive hardware.

The IBM Q System One is a major step forward in the commercialization of quantum computing. This new system is critical in expanding quantum computing beyond the walls of the research lab as we work to develop practical quantum applications for business and science.
 

Arvind Krishna

Senior vice president, Hybrid Cloud and director, IBM Research

It is noteworthy that the Map Project Office and the Universal Design Studio, as well as the Goppion company that developed glass caps for the precious regalia of the British royal family and the protective display for the Da Vinci Mona Lisa painting, worked on the design of the invention.

 

Digital Asset to Join Forces With ISDA

Companies are going to created code library that will help derivatives market participants use the ISDA CDM, standards solution for derivates trading
11 April 2019   232

Leading global blockchain solutions developer Digital Asset Holdings and the International Swaps and Derivatives Association (ISDA) are creating an open source library that will make it easier for derivatives market participants to use the Common Domain Model (CDM).

CDM is the first industry solution to respond to the lack of standards and the dominance of inefficient manual processes in derivatives trading.

Using the DAML programming language created by Digital Asset, the necessary tools will be created for developers to interact with CDM.

Earlier, Digital Asset opened source code of  DAML programming language for writing smart contracts and the Software Development Kit (SDK) in accordance with the Apache 2.0 license.