The Next Technological Revolution is Quantum Quantum Computers are poised to take over where conventional computers and Moore’s Law leave off. This quantum revolution will touch every sector of the economy.
There are signs that we are approaching a technical revolution that might take humankind’s computational capabilities to a new level. Quantum Computing leverages the principles of quantum mechanics, enabling the computational power to solve specific problems currently intractable for classical computers (e.g., cracking cryptographic keys). Since we are getting to a point where we can no longer build smaller, more powerful, more efficient devices with conventional methodologies, we need to think of new ways for technological progress. The manufacturing of microchips is reaching its limits in the use of traditional architectures. Hence, new and more advanced technologies need to address the challenges of increasing energy consumption and data processing. Connectivity, scalable architectures and concepts like Cloud Computing and Software-as-a-Service have already helped to scale computational-intense applications in the last years and have attracted the interest of IS researchers (e.g., Benlian et al. 2009 ; Benlian et al. 2018 ; Messerschmidt and Hinz 2013 ). Looking ahead to the next generation, computing will comprise technologies that enable high-performance applications far beyond today’s possibilities. One prominent example with a disruptive potential is Quantum Computing. While there are abundant open questions and directions for further developments, researchers in this area have made substantial progress in the last decade, indicating that, after medical imaging, lasers, and superconductors, another quantum-technological innovation might be approaching. We, therefore, intend to provide an overview of the current state of Quantum Computing research and outline how this new technology might stimulate research in Information Systems.
Q uantum mechanics has had an enormous technological and societal impact.To grasp this point, it is sufficient to cite the invention of the transistor, perhaps the most remarkable among the countless other applications of quantum mechanics.It is also easy to see the enormous impact of computers on everyday life.The importance of computers is such that it is appropriate to say that we are now living in the information age.This information revolution became possible thanks to the invention of the tran sistor, that is, thanks to the synergy between computer science and quantum physics.Today this synergy offers completely new opportunities and promises exciting advances in both funda mental science and technological application.We are referring here to the fact that quantum mechanics can be used to process and transmit information [1,2].Miniaturization provides us with an intuitive way of under standing why, in the near future, quantum laws will become important for computation.The electronics industry for com puters grows hand-in-hand with the decrease in size of integrated circuits.This miniaturization is necessary to increase computa tional power, that is, the number of floating-point operations per second (flops) a computer can perform.In the 1950's, electronic computers based on vacuum-tube technology were capable of performing approximately 103 floating-point operations per second, while nowadays there exist supercomputers whose power is greater than lOteraflops (1013 flops).As we have remarked, this enormous growth of computational power has been made possi ble owing to progress in m in ia tu riz a tio n , w hich m ay be quantified empirically in Moore's law.This law is the result of a remarkable observation made by Gordon Moore in 1965: the number of transistors on a single integrated-circuit chip doubles approximately every 18 24 months.This exponential growth has not yet saturated and Moore's law is still valid.At the present time the limit is approximately 108 transistors per chip and the typical size of circuit components is of the order of 100 nanometres.Extrapolating Moore's law, one would estimate that around the year 2020 we shall reach the atomic size for storing a single bit of inform atio n .At th a t p o in t, q u a n tu m effects will becom e unavoidably dominant.One should be aware that, besides quantum effects, other fac tors could bring Moore's law to an end.In the first place, there are economic considerations.Indeed, the cost of building fabri cation facilities to m an u factu re chips has also increased exponentially with time.Nevertheless, it is important to under stand the ultimate limitations set by quantum mechanics.Even though we might overcome economic barriers by means of tech nological breakthroughs, quantum physics sets fundamental limitations on the size of the circuit components.The first ques tion under debate is whether it would be more convenient to push References
Although the current information revolution is still unfolding, the next industrial revolution is already rearing its head. A second quantum revolution based on quantum technology will power this new industrial revolution with quantum computers as its engines. The development of quantum computing will turn quantum theory into quantum technology, hence release the power of quantum phenomena, and exponentially accelerate the progress of science and technology. Building a large-scale quantum computing is at the juncture of science and engineering. Even if large-scale quantum computers become reality, they cannot make the conventional computers obsolete soon. Building a large-scale quantum computer is a daunting complex engineering problem to integrate ultra-low temperature with room temperature and micro-world with macro-world. We have built hundreds of physical qubits already but are still working on logical and topological qubits. Since physical qubits cannot tolerate errors, they cannot be used to perform long precise calculations to solve practically useful problems yet.
As well established and world changing as the digital revolution has been, its days are numbered. The never-ending march of scientific progress will deliver us a new paradigm in the very near future: quantum computing. Its applications, while at first purely theoretical, will eventually cover many aspects of our lives: communications, medicine, security, and even world politics. In this chapter we'll take a glance at some of the ramifications of quantum computing before moving into specifics with the chapters to follow.
Quantum mechanics principles underpin quantum computing, signaling a major shift in how we process information. While it offers immense processing power and potential advantages, it also presents significant challenges for the cryptocurrency industry. This sector has grown rapidly, supporting decentralized finance and empowering users worldwide, but it also attracts malicious actors looking to exploit its vulnerabilities. Traditional cryptography remains strong, yet increasingly sophisticated computational attacks threaten security. As the cryptocurrency market expands, quantum computing offers both opportunities, such as improved transaction security, and risks, like easier decryption for hackers. Understanding quantum technology’s benefits and challenges is crucial as it develops. Currently, data is protected by traditional cryptography, but future, more powerful quantum computers could weaken this security. This article explores potential uses of quantum computing in daily life and business, explains its functions simply, and discusses societal impacts. Its goal is to help students and general readers understand how quantum technology might transform our world through clear language and real-life examples. Topics include the basics of quantum computing, its present and future applications across industries, and its societal effects. We provide a thorough analysis of how quantum computing could reshape society through mathematical insights, practical examples, and future perspectives.