Quantum computing
in response to
by
posted on
Mar 01, 2014 03:30AM
Thanks, Green88, for the link to the video explaining quantum computing a (qu)bit!
http://www.youtube.com/watch?v=g_IaVepNDT4
I found it helpful, especially in combination with some of the comments. The main insight to me is that quantum computing won't speed up computing in general. It is advantageous only for parallel computations, i.e. when the same operations are performed on many data.
The example used all the time is cracking RSA encryption with quantum computing. If the NSA or other secret services could to that, they could snoop our RSA-encrypted communication in real time, i.e. everything we read or write over an https link – including passwords – or our encrypted e-mails.
Taking into account how many customers would actually need an RSA deciphering box, the market potential for quantum computers is be very small.
But now comes the interesting part: If RSA isn't secure any longer, we need another type of encryption which is secure agains quantum computing attacks. The solution can only be quantum encryption. And that's a very good reason to have quantum computing capability in virtualy all devices, at least in computers, tablets and smartphones.
This is a very large market potential! However, I believe it is too early to factor it into the POET share price at this time. First we have to learn more about what is possible with POET and where the limitations are. Hopefully the company will provide us with information in layman's terms without hiding the pearls in patent descriptions.
This is very interesting, if not thrilling!
Andrea ("Powered by POET")