Sunday, May 22, 2022

The Future of Blockchain and Quantum Computing

Blockchain

The Future of Blockchain and Quantum Computing HalfofThe
The Future of Blockchain and Quantum Computing HalfofThe

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. Although, many people have the wrong view on the blockchain, that, it is all about cryptocurrency. Technically speaking cryptocurrency or Bitcoin is a portion of the entire blockchain technology. Blockchain technology is used in other fields like healthcare, supply chain, logistics, advertisements, etc.

It is a decentralized digital ledger that maintains the records of each transaction executed across the network of computer systems across the world. The demand for blockchain technology is increasing rapidly, as different businesses are looking for blockchain platforms to develop top-level business solutions. The global market of blockchain technology is expected to reach around 20 billion dollars by the year 2025 market. Blockchain’s amount of protection and transparency is the primary explanation for its high rise in the market.

Still, trying to figure out what Blockchain is? Here is a small video, that explains Blockchain.

Blockchain Simply explained

Quantum Computing

Quantum computing is not any new name in technology. The world has seen a huge rise in Quantum computing demand in recent years and, especially during the time of covid. One way or the other, it also helped in preventing the spread of the pandemic virus and in the development of vaccines. It’s the latest Quantum technology that is potentially used in various fields such as banking, finance, healthcare, logistics, and many more.

Quantum computing uses the power of quantum phenomena such as superposition and quantum entanglement. Quantum technology is the next worthy technology thing and, It has the capability to instantly question, track, interpret, and act on data, regardless of the source. Quantum computing is now being used in banking and finance to monitor credit risk perform high-frequency trading and detect fraud.

Quantum computers are multiple times faster than regular computers and huge brands like Microsoft, Honeywell, Splunk, AWS, Google and many others are busy making innovations in the field of Quantum computing. The revenues of the global Quantum computing market are expected to be, 2.5 billion dollars by 2029. To be successful in this new trending technology, you need to experience quantum mechanics, linear algebra, probability, information theory, and machine learning.

And, here is a small video explaining what Quantum Computing is

Also Read: Amazon, Twitch, Reddit were briefly down due to an outage at Fastly

You may also like

Halfofthe Footer Logo

Halfofthe is a technology news-related website where we focus on providing readers with updates from the world of tech, entertainment, sports, and more. We also provide insights into health-related topics including tips for healthy living as well as medical conditions that are prevalent in today’s society.

“As an Amazon Associate we earn from qualifying purchases.”

Contact us: [email protected]