By IQT News posted 03 Mar 2020

(WSJ) Honeywell International Inc. said Tuesday that it plans to introduce an early-stage, trapped ion quantum computer for commercial experiments within about three months, with JPMorgan Chase & Co. as the first public user. A Honeywell executive said the machine is set to be the world’s most powerful quantum computer by one measure, as it vies for a leading position in the nascent quantum-computing market.
Tony Uttley, president of Honeywell Quantum Solutions, said the technology will be used by companies interested in significantly speeding up calculations and developing new materials and new trading strategies for financial services. The technology could also speed up calculations that involve machine learning, for use by industries such as aerospace and oil and gas. Honeywell already develops technology for those sectors.
Tony Uttley, president of Honeywell Quantum Solutions, said the technology will be used by companies interested in significantly speeding up calculations and developing new materials and new trading strategies for financial services. The technology could also speed up calculations that involve machine learning, for use by industries such as aerospace and oil and gas. Honeywell already develops technology for those sectors.
Honeywell’s machine is based on a method that uses trapped ions. The trapped-ion method is also used by venture-backed startup IonQ Inc. It differs from a common approach to quantum computing, practiced by early adopters such as Google and IBM, which is to manufacture superconducting qubits that are extremely delicate and need to be supercooled to create quantum mechanical effects.

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