REG-Quantum Blockchain Technologies Plc: Working with D-Wave Systems

Quantum Blockchain TechnologiesAnnouncement

06/07/2021 07:05

6 July 2021

Quantum Blockchain Technologies Plc
(“QBT” or “the Company”)

QBT To Use D-Wave’s Quantum Technologies In Cryptography Algorithms

Quantum Blockchain Technologies Plc (AIM: QBT), the UK Quantum Computing
Cryptography and Artificial Intelligence research and development (“R&D”)
and investment company, listed on the London Stock Exchange’s AIM market,
announces it will use the Leap™ quantum cloud service from D-Wave Systems
Inc., the leader in quantum computing systems, software and services, to
develop cryptography algorithms for crypto currency mining.

QBT will now be able to access D-Wave’s quantum-classical hybrid solvers,
which leverage both quantum solutions and best-in-class classical algorithms
to run large-scale business-critical problems. With real-time access to
quantum computers via the cloud, QBT aims to transform classic computing
cryptography algorithms, such as the one used for Bitcoin mining, in quantum
computations, or quantum-classic hybrid computations.

QBT’s quantum computing team is working on the Leap platform with the goal
to exploit the speed of quantum computations, which can be, under the
appropriate conditions, several order of magnitudes faster than a classic
computer.

D-Wave’s new quantum computer, Advantage, includes more than 5,000 qubits
and 15-way qubit connectivity. More qubits and richer connectivity provide
programmers and businesses access to a larger, denser, and more powerful graph
for building commercial quantum applications.

The hybrid solver services in the Leap platform combine the power of Advantage
with classical resources, enabling businesses and developers to build, run and
solve complex, large-scale business-critical problems with up to 1 million
variables.

QBT has already created a team, which has started working on the conversion of
optimised cryptographic algorithms, in order to make them suitable to run on
D-Wave’s quantum system and quantum hybrid solvers.

Francesco Gardin, CEO and Executive Chairman of QBT, commented, “QBT is
delighted to work with the D-Wave team, which we believe will provide us with
an alternative approach to the computation of cryptographic algorithms. We
have selected what we believe is a major international consolidated player in
the quantum computing market and we look forward to working with them during
the first phase of the project. In particular, we are excited to have the
benefit of utilising D-Wave’s Advantage quantum processor, with more than
5,000 qubits where we intend to develop our optimised cryptographic
algorithms.”

Alan Baratz, CEO of D-Wave Systems Inc., commented, “Bringing quantum
computing to the world requires a robust ecosystem of developers and
researchers, as well as forward-thinking businesses that are committed to
building practical and applied quantum computing applications. QBT is a leader
in developing new and disruptive approaches to blockchain technology – an
important innovation with the power to change the world.”

For more information on D-Wave, please go to:
https://www.dwavesys.com/quantum-computing

-ends-

For further information please contact:

 Quantum Blockchain Technologies Plc Francesco Gardin, CEO and Executive Chairman  +39 335 296573        
 SP Angel Corporate Finance (Nominated Adviser & Broker) Jeff Keating              +44 (0)20 3470 0470   
 Leander (Financial PR) Christian Taylor-Wilkinson                                 +44 (0) 7795 168 157  

About Quantum Blockchain Technologies (AIM: QBT)

Quantum’s R&D focus is on Cryptography and AI using Quantum Computing,
bringing together the most advanced classic computing technology, along with
quantum computing and AI deep learning, to develop, among other things, a new
and disruptive approach to blockchain technology, which includes
cryptocurrencies mining and other advanced blockchain applications.

The Company has set up a team of international experts in the above sectors,
as well as a computing infrastructure to support the development of the most
advanced innovative solution based on the front-line IT technologies.

For further information, please
visit, www.quantumblockchaintechnologies.co.uk



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