Many Asian countries are joining this trend

Quantum computing took off in Japan and elsewhere in Asia when the University of Tokyo and IBM launched their new quantum computers last year.

The computer is the second such system built by IBM outside the United States – the latest in a series of significant strides forward in quantum research.

The university and IBM have led the Association for Quantum Innovation along with Japanese industry heavyweights such as Toyota and Sony – all aimed at solving the quantum problem.

Quantum computing refers to the use of quantum mechanics to run calculations. Quantum computing can run multiple processes at once using quantum bits, unlike the binary bits that power traditional computation.

New technology will eventually accelerate the computing power that powers many industries and could affect everything from drug discovery to how data is secured. Several countries are racing to make quantum computers fully operational.

Christopher Savoie, CEO of quantum computing company Zapata, who has spent most of his career in Japan, says technology development is focused on the United States. But now, Asian countries don’t want to be left behind in terms of quantum computing, he added.

“Countries like India, Japan and China are very interested in not being the only incompetent there. They don’t want to see the kind of hegemony arising where companies gather crowds. Big clouds are generally just American companies,” Savoie said, referring to services like Amazon Web Services and Microsoft Azure.

For example, China has committed a lot of brainpower to the quantum race. Researchers have made breakthroughs and debates are heating up about whether China has surpassed the US in some aspects.

For its part, earlier this year, India announced plans to invest $1 billion in a five-year plan to develop quantum computers in the country.

James Sanders, an analyst at S&P Global Market Intelligence, told CNBC that governments around the world are paying more attention to quantum computing in recent years.

In March, Sanders released a report showing that governments had pledged about $4.2 billion to support quantum research. Some notable examples include South Korea’s $40 million investment in the field and Singapore’s Ministry of Education funding a research center, the Quantum Technology Center.

All of these efforts have a vision of the future. And for some, the benefits of quantum can be illusory.

According to Sanders, the benefits of quantum computing won’t be immediately apparent to everyday consumers.

“On a bad day, I’m telling people from the idea of ​​a quantum cell phone. It’s not realistic, it won’t matter,” he said.

“What is likely to happen is that quantum computers will be used in the design of products that consumers will ultimately buy.”

There are two main areas where quantum breakthroughs will be felt – industrial and defense.

“Areas you have HPC [high-performance computing] are the areas where we will see quantum computers have an impact. It’s things like simulations of matter, simulations of aerodynamics, these things, very difficult, highly computational problems and then machine learning artificial intelligence,” Savoie said.

In pharmaceuticals, traditional systems for calculating the activity of drug molecules can be time-consuming. The speed of quantum computing could accelerate these processes around drug discovery and ultimately the timeline for drugs to market.

On the other hand, quantum can pose security challenges. As computing power increases, so does the risk to existing security methods.

“Long-term [motivation] but what everyone recognizes as an existential threat, both offensively and defensively, is the cryptosphere. RSA will eventually be compromised by this,” added Savoie.

RSA refers to one of the most popular encryption methods for securing data, developed in 1977, which can be affected by quantum speed. It is named after its inventors – Ron Rivest, Adi Shamir and Leonard Adleman.

“You’re seeing a lot of interest from governments and communities who don’t want to be the last in the block to have that technology because [other nations] Savoie said.

Magda Lilia Chelly, chief information security officer at Singapore cybersecurity firm Responsible Cyber, told CNBC that crypto and quantum research and development are needed in tandem for security not to be surpassed.

“Some experts believe that quantum computers will eventually be able to break all forms of encryption, while others believe that new and more complex forms of encryption will be developed,” Chelly said. unbreakable quantumness”.

“Especially, [researchers] have been looking to use quantum computers to compute large numbers quickly. This is important because many modern encryption schemes used today are based on the fact that it is very difficult to account for large numbers,” she added.

If successful, this should make it possible to break most current encryption schemes, allowing you to unlock encrypted messages.

Sanders said the development and eventual commercialization of quantum computing will not be a straight line.

Issues like the threat to cryptocurrencies can attract attention from governments, but research and breakthroughs, as well as major concerns, can be “the first step,” he said.

Progress may also be affected by fluctuating interest from private investors as quantum computing will not provide a quick return on investment.

“There’s a lot of situations in this industry where you can lead for a week and then another company offers a different kind of promotion and then things quiet down a bit.”

Another challenge for quantum research is finding the right talent with specific skills for this research.

“Quantum scientists can make quantum computations grow on trees,” Savoie said, adding that cross-border collaboration is needed in the face of competing government interests.

“Talent is global. People don’t get to choose what country they were born in or what nationality they have.”