Related papers: Quantum Perspective on Digital Money: Towards a Qu…
We reason about possible future development of quantum game theory and its impact on information processing and the emerging information society. Two of the authors have recently proposed a quantum description of financial market in terms…
Portfolio construction has been a long-standing topic of research in finance. The computational complexity and the time taken both increase rapidly with the number of investments in the portfolio. It becomes difficult, even impossible for…
We discuss how quantum computation can be applied to financial problems, providing an overview of current approaches and potential prospects. We review quantum optimization algorithms, and expose how quantum annealers can be used to…
Quantum entanglement is a key physical resource in quantum information processing that allows for performing basic quantum tasks such as teleportation and quantum key distribution, which are impossible in the classical world. Ever since the…
Quantum computing is a new computational paradigm with the potential to solve certain computationally challenging problems much faster than traditional approaches. Civil engineering encompasses many computationally challenging problems,…
We present a quantum token scheme in which the token is a quantum state that ensures secure authentication or payment. In our approach, rooted in Wiesner's quantum money concept, a token is encoded in a multi-qubit state generated by a…
In this paper, we provide an overview of the recent work in the quantum finance realm from various perspectives. The applications in consideration are Portfolio Optimization, Fraud Detection, and Monte Carlo methods for derivative pricing…
Quantum theory is used to model secondary financial markets. Contrary to stochastic descriptions, the formalism emphasizes the importance of trading in determining the value of a security. All possible realizations of investors holding…
Forty years ago, Wiesner pointed out that quantum mechanics raises the striking possibility of money that cannot be counterfeited according to the laws of physics. We propose the first quantum money scheme that is (1) public-key, meaning…
The U.S. dollar's status as the global reserve currency faces growing challenges from a 36 trillion dollar national debt, geopolitical shifts, and the emergence of digital currencies. This paper introduces the Quantum Reserve Token (QRT), a…
Quantum information, computation and communication, will have a great impact on our world. One important subfield will be quantum networking and the quantum Internet. The purpose of a quantum Internet is to enable applications that are…
This chapter summarizes quantum computation, including the motivation for introducing quantum resources into computation and how quantum computation is done. Finally, this chapter articulates advantages and limitations of quantum…
Quantum technologies hold the promise of not only faster algorithmic processing of data, via quantum computation, but also of more secure communications, in the form of quantum cryptography. In recent years, a number of protocols have…
The no-cloning property of quantum mechanics allows unforgeability of quantum banknotes and credit cards. Quantum credit card protocols involve a bank, a client and a payment terminal, and their practical implementation typically relies on…
Quantum computation offers a promising new kind of information processing, where the non-classical features of quantum mechanics can be harnessed and exploited. A number of models of quantum computation exist, including the now well-studied…
Quantum technology is full of figurative and literal noise obscuring its promise. In this overview, we will attempt to provide a sober assessment of the promise of quantum technology with a focus on computing. We provide a tour of quantum…
This is an introductory review on the basic principles of quantum computation. Various important quantum logic gates and algorithms based on them are introduced. Quantum teleportation and decoherence are discussed briefly. Some problems,…
Quantum Computing (QC) refers to an emerging paradigm that inherits and builds with the concepts and phenomena of Quantum Mechanic (QM) with the significant potential to unlock a remarkable opportunity to solve complex and computationally…
Quantum Computing is a new and exciting field at the intersection of mathematics, computer science and physics. It concerns a utilization of quantum mechanics to improve the efficiency of computation. Here we present a gentle introduction…
The science of quantum information has arisen over the last two decades centered on the manipulation of individual quanta of information, known as quantum bits or qubits. Quantum computers, quantum cryptography and quantum teleportation are…