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NEASQC Aims to Create Financial Use Cases with a “Practical” Quantum Advantage

By IQT News posted 07 Oct 2020

(CrowdFundInsider) The NExt ApplicationS of Quantum Computing (NEASQC) initiative aims to bring together a multidisciplinary consortium of academic and tech industry professionals focused on quantum computing, high-performance computing, artificial intelligence (AI), energy management, and various other sectors.
The NEASQC consortium has selected 9 NISQ-compatible industrial and financial use-cases. The organization confirmed that it would implement new quantum software techniques in order to provide solutions to those use-cases with “a practical quantum advantage.”
NEASQC also plans to develop a bridge between Quantum Computing hardware activities and the end-user community. They expect that their solutions will offer “strong directions” for the development of NISQ m
As mentioned in a release: “NEASQC aims to demonstrate that, though the millions of qubits that will guarantee fully fault-tolerant quantum computing are still far away, there are practical use cases for the NISQ (Noisy Intermediate- Scale Quantum) devices that will be available in the near future. NISQ computing can deliver significant advantages when running certain applications, thus bringing game-changing benefits to users, and particularly industrial users.”

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