El camino hacia la supremacía cuántica: oportunidades y desafíos en el ámbito financiero, la nueva generación de criptografía resiliente
Series: Occasional Papers. 2421.
Author: Noemí López Chamorro.
Topics: Productive sectors | Business investment | Payment systems | International Economy | Artificial intelligence and Big data.
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Abstract
This paper presents a straightforward explanation of quantum computing, including the key aspects to understand its benefits, progress level, limitations and applications across various sectors, particularly finance, along with the potential risks it poses to existing cryptographic procedures. A second, more technical section provides detailed expansions on these topics, always mindful of the overall informative purpose of the paper.
While quantum computing promises revolutionary applications across multiple economic sectors, it remains in its infancy and a long way from full implementation. Its progress will hinge on hardware advancements capable of supporting the full deployment of pure quantum algorithms, which could be the catalyst for unprecedented change in numerous fields.
The financial sector may reap short-term benefits due to significant improvements in computationally demanding use cases. However, the sector has also been marked out as one of the most vulnerable due to the sensitivity of its information, should quantum hardware become powerful enough to compromise current encryption standards.
In light of the uncertainty surrounding quantum computing’s development, the potential implications for the financial sector demand strategic planning to prepare for an orderly transition to a new, robust encryption paradigm capable of safeguarding information. Given the complexity of this undertaking, preliminary groundwork and substantial international coordination are a must.