In a fireside chat at the AIBC Manila event on 4 June 2024, Kapil Dhiman, Co-founder & CEO of Quranium, engaged in a discussion with Puneet Singh, Innovation and Strategy Lead at PwC India, about how Quantum computing can be the next evolution of technology, offering capabilities beyond classical computing.
The fireside chat served as a clarion call for the tech industry to embrace the quantum revolution while prioritising the development of secure and scalable
infrastructure.
The conversation first delved into Puneet Singh explaining the differences between classical computing and quantum computing, stressing the unique power and speed that quantum computing can provide and emphasising the critical need for quantum computing in the future.
Kapil shared his belief in the convergence of emerging technologies and how quantum computing will provide the processing power required for the next generation to thrive in the digital world, citing examples like supply chain management, healthcare, and finance. From revolutionising drug discovery and personalised medicine to unlocking the secrets of the universe and propelling us towards uncharted frontiers
While quantum computing brings significant benefits, Kapil also addressed the potential cybersecurity threats it poses. He explained how quantum computers can undermine security algorithms that are currently effective against classical computers, especially in sectors like blockchain.
In his thought-provoking remarks, Puneet Singh painted a captivating picture of the new age of computing, where the boundaries of what's possible are being redefined by the advent of quantum technology. With a palpable sense of excitement,
Puneet invited passionate dreamers to let their imaginations run wild, envisioning a future where the next phase of humanity is shaped by the limitless potential of quantum computing. He spoke of a world where complex problems, once thought unsolvable, become mere child's play in the face of the immense computational power at our fingertips. Puneet's words ignited a spark of inspiration, urging innovators and visionaries to embrace this new era of computing and dare to dream bigger than ever before. As he eloquently put it, the stage is set for a quantum leap in human progress, and it is up to the passionate dreamers among us to seize this moment and shape a future that surpasses our wildest expectations.
Kapil and Puneet agreed upon the importance of post-quantum cryptography in establishing new, secure infrastructure to support the growing digital landscape. They discussed the efforts of organisations like NIST in developing quantum-safe algorithms and the need for scalable and fast infrastructure alongside security measures.
Kapil further elaborated on the necessity for this infrastructure to be not only secure but also scalable and efficient. As the adoption of blockchain technology is projected to surge in the coming years, the system's ability to handle an increasing number of transactions swiftly and smoothly becomes paramount. The industry must prepare to meet these demands head-on, ensuring that the technology can support widespread use without compromising speed or security.
In conclusion, the fireside chat at AIBC Manila provided a profound glimpse into the transformative potential of quantum computing. Kapil Dhiman and Puneet Singh's discussion highlighted not only the immense capabilities of this emerging technology but also the critical need for secure and scalable infrastructure to support its growth.
As the blockchain and digital assets industry continues to expand, preparing for the quantum era is no longer optional but imperative.
The call to action is clear: industry leaders, innovators, and visionaries must collaborate to build a resilient digital landscape that can withstand the quantum leap ahead. By prioritising post-quantum cryptography and scalable solutions, we can ensure a future where technological advancements enhance security and efficiency.
The quantum revolution is upon us, and it is up to us to embrace its potential, address its challenges, and shape a future that transcends our wildest imaginations.
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