When we talk about quantum issues we almost always refer to scientific research. However, in the banking sector they already claim to use this technology.
Everything surrounding scientific research on quantum issues seems to be covered in a halo of misunderstanding. Without being able to explain well what he refers to on many occasions, there are a series of aspects that everyone seems to know, such as quantum computing will reach a power that will ridicule that of our computers current.
At BBVA they are investing in quantum supercomputing to optimize their financial services. The main objective is to improve portfolios, advance future prices and, ultimately, what has been defined as obtaining a “quantum advantage“with respect to the market.
To work on this model of computing and to successfully carry out the investigations, they have established a cooperative relationship with the CSIC and other companies such as Accenture and Fujitsu. They expect in five years maximum begin to enjoy this advantage over the competition and the market.
Carlos Kuchkovsky, Global Head of Research and Patents at BBVA, affirms that “Quantum computing gives us computational capabilities hitherto impossible to solve problems in a faster, more efficient way or which until now were intractable with an energy cost potential minor “, collects Five Days.
For two years working in develop quantum algorithms and to take to the field of the concrete these investigations that sometimes can be very abstract. Because beyond the advances, the big question is what can be answered with this type of computing
So far, they have been able to verify that calculations where they already get an improvement over conventional systems are those that have a vast amount of variables or large number of data. Although this can also open up many questions about whether this technology can distort a market that is sometimes more than controversial or affect the competition that distrusts who uses this type of systems computing.