Quantum Computing and the Financial System: Spooky Action at a Distance?
Quantum Computing and the Financial System: Spooky Action at a Distance?

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2021-03-12

Total Pages: 33

ISBN-13: 1513572725

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The era of quantum computing is about to begin, with profound implications for the global economy and the financial system. Rapid development of quantum computing brings both benefits and risks. Quantum computers can revolutionize industries and fields that require significant computing power, including modeling financial markets, designing new effective medicines and vaccines, and empowering artificial intelligence, as well as creating a new and secure way of communication (quantum Internet). But they would also crack many of the current encryption algorithms and threaten financial stability by compromising the security of mobile banking, e-commerce, fintech, digital currencies, and Internet information exchange. While the work on quantum-safe encryption is still in progress, financial institutions should take steps now to prepare for the cryptographic transition, by assessing future and retroactive risks from quantum computers, taking an inventory of their cryptographic algorithms (especially public keys), and building cryptographic agility to improve the overall cybersecurity resilience.

Cyber Resilience of the Central Bank Digital Currency Ecosystem
Cyber Resilience of the Central Bank Digital Currency Ecosystem

Author: Arvinder Bharath

Publisher: International Monetary Fund

Published: 2024-08-27

Total Pages: 53

ISBN-13:

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Over 100 central banks around the globe are exploring central bank digital currencies (CBDCs) to modernize payment systems. They aim to explore potential benefits, risks, and the broad range of new capabilities CBDCs might offer. Some view CBDC exploration as an opportunity to rethink their existing, legacy payment systems and build a resilient and secure infrastructure using modern technologies. However, a CBDC creates a vast and complex ecosystem that amplifies existing risk exposures and surfaces new ones. Given the implications of issuing a CBDC, it should be seen as a fundamental change in the way the central bank operates. This note considers experiences from live CBDCs and is informed by experiments conducted by central banks and international institutions for domestic use. It also draws from cybersecurity and resilience frameworks from standard-setting bodies.

Frontiers of Engineering
Frontiers of Engineering

Author: National Academy of Engineering

Publisher: National Academies Press

Published: 2019-02-28

Total Pages: 125

ISBN-13: 0309487501

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This volume presents papers on the topics covered at the National Academy of Engineering's 2018 US Frontiers of Engineering Symposium. Every year the symposium brings together 100 outstanding young leaders in engineering to share their cutting-edge research and innovations in selected areas. The 2018 symposium was held September 5-7 and hosted by MIT Lincoln Laboratory in Lexington, Massachusetts. The intent of this book is to convey the excitement of this unique meeting and to highlight innovative developments in engineering research and technical work.

The Technological Construction of Reality
The Technological Construction of Reality

Author: Dionysios S. Demetis

Publisher: Edward Elgar Publishing

Published: 2024-07-05

Total Pages: 237

ISBN-13: 1839101199

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This visionary book delves into the world-shaping abilities of modern technology, outlining the potential future transformations that it may impose. By drawing from a range of scholarly insights, Dionysios S. Demetis and Ian O. Angell explore how technology not only influences our social, economic, political, biological and physical realities, but how it can also construct completely new ones.

Supervised Learning with Quantum Computers
Supervised Learning with Quantum Computers

Author: Maria Schuld

Publisher: Springer

Published: 2018-08-30

Total Pages: 293

ISBN-13: 3319964240

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Quantum machine learning investigates how quantum computers can be used for data-driven prediction and decision making. The books summarises and conceptualises ideas of this relatively young discipline for an audience of computer scientists and physicists from a graduate level upwards. It aims at providing a starting point for those new to the field, showcasing a toy example of a quantum machine learning algorithm and providing a detailed introduction of the two parent disciplines. For more advanced readers, the book discusses topics such as data encoding into quantum states, quantum algorithms and routines for inference and optimisation, as well as the construction and analysis of genuine ``quantum learning models''. A special focus lies on supervised learning, and applications for near-term quantum devices.

SECURITY AGAINST CYBER-CRIME: PREVENTION AND DETECT
SECURITY AGAINST CYBER-CRIME: PREVENTION AND DETECT

Author: Dr. Madhu Tyagi

Publisher: Horizon Books ( A Division of Ignited Minds Edutech P Ltd)

Published: 2017-03-01

Total Pages: 216

ISBN-13: 9386369362

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In our daily life, economic activities, and national security highly depend on stability, safely, and resilient cyberspace. A network brings communications and transports, power to our homes, runour economy, and provide government with various services. However it is through the same cyber networks which intrude and attack our privacy, economy, social life in a way whichis harmful. Some scholars have interestingly argued that, “in the Internet nobody knows you are a dog”. This raises some legal issues and concerns. This book presents important issues on the Security, Prevention, and Detection of Cyber Crime.

Introduction to Quantum Computing
Introduction to Quantum Computing

Author: Ray LaPierre

Publisher: Springer Nature

Published: 2021-09-27

Total Pages: 369

ISBN-13: 303069318X

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This book provides a self-contained undergraduate course on quantum computing based on classroom-tested lecture notes. It reviews the fundamentals of quantum mechanics from the double-slit experiment to entanglement, before progressing to the basics of qubits, quantum gates, quantum circuits, quantum key distribution, and some of the famous quantum algorithms. As well as covering quantum gates in depth, it also describes promising platforms for their physical implementation, along with error correction, and topological quantum computing. With quantum computing expanding rapidly in the private sector, understanding quantum computing has never been so important for graduates entering the workplace or PhD programs. Assuming minimal background knowledge, this book is highly accessible, with rigorous step-by-step explanations of the principles behind quantum computation, further reading, and end-of-chapter exercises, ensuring that undergraduate students in physics and engineering emerge well prepared for the future.

Real Scientists Don’t Wear Ties
Real Scientists Don’t Wear Ties

Author: Sidney Perkowitz

Publisher: CRC Press

Published: 2019-07-30

Total Pages: 252

ISBN-13: 100070274X

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Real Scientists Don’t Wear Ties links science to general and popular culture and everyday life in an easy-to-understand style. When a gifted writer of science selects his best pieces published in the world’s most reputable periodicals such as Nature, Discover, and MIT Technology Review, we get an eminently readable collection of his varied work in book form. That it covers all-time relevant topics like quantum physics, gravitational waves, genetic engineering, space exploration, and artificial intelligence is an added delight. Prof. Perkowitz also discusses how science can be found in medical practice, cooking, soccer, and art, and also science and science fiction in the media. On the lighter side, he reports on his efforts to teach a computer to understand poetry, explains why scientists resist dressing up, and shows that unlike many people, scientists actually enjoy math.

Quantum Finance
Quantum Finance

Author: Raymond S. T. Lee

Publisher: Springer Nature

Published: 2019-11-15

Total Pages: 433

ISBN-13: 9813297964

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With the exponential growth of program trading in the global financial industry, quantum finance and its underlying technologies have become one of the hottest topics in the fintech community. Numerous financial institutions and fund houses around the world require computer professionals with a basic understanding of quantum finance to develop intelligent financial systems. This book presents a selection of the author’s past 15 years’ R&D work and practical implementation of the Quantum Finance Forecast System – which integrates quantum field theory and related AI technologies to design and develop intelligent global financial forecast and quantum trading systems. The book consists of two parts: Part I discusses the basic concepts and theories of quantum finance and related AI technologies, including quantum field theory, quantum price fields, quantum price level modelling and quantum entanglement to predict major financial events. Part II then examines the current, ongoing R&D projects on the application of quantum finance technologies in intelligent real-time financial prediction and quantum trading systems. This book is both a textbook for undergraduate & masters level quantum finance, AI and fintech courses and a valuable resource for researchers and data scientists working in the field of quantum finance and intelligent financial systems. It is also of interest to professional traders/ quants & independent investors who would like to grasp the basic concepts and theory of quantum finance, and more importantly how to adopt this fascinating technology to implement intelligent financial forecast and quantum trading systems. For system implementation, the interactive quantum finance programming labs listed on the Quantum Finance Forecast Centre official site (QFFC.org) enable readers to learn how to use quantum finance technologies presented in the book.