Quantum Blockchain Technologies could help transform the digital economy as we know it

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() said it will use the Leap quantum cloud service from D-Wave Systems Inc to develop cryptography algorithms for use in cryptocurrency mining.

The AIM-listed quantum computing and artificial intelligence (AI) research firm said it will now be able to access D-Wave’s quantum-classical hybrid solvers, which leverage both quantum solutions and classical algorithms to run large-scale business-critical problems.

With real-time access to quantum computers via the cloud, the company said it is aiming to transform classic computing cryptography algorithms, such as the one used for Bitcoin mining, in quantum computations, or quantum-classic hybrid computations.

Quantum also said its computing team are working with the Leap platform to exploit the speed of quantum computations, which under the appropriate conditions can be several orders of magnitude faster than a classic computer.

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