Quantum computer

Due to quantum leaps in e-commerce and ever-changing consumer preferences, there is an increasing adoption and use of decentralized ledger technology (DLT) and blockchain in the online auctions industry.

Companies including Microsoft, IBM and Google, race to come up with cheap and effective mining solutions to improve its cost and energy efficiency. Lots of fuss has been made around quantum computing and its potential for mining. Now, the time has come for a new solution - mining with the help of human body activity.

International Business Machines (IBM), an American multinational information technology firm, has managed to double the power of its quantum computer (QC) but this effort didn’t break the encryption of Bitcoin (BTC), the original blockchain-based cryptocurrency.

The primary feature of blockchain and distributed ledger technology (DLT) is that its configuration makes it possible to guarantee that the data contained is not subject to third-party tampering, having a key system which enables an almost unbreakable security.

Saïd Business School, at the University of Oxford, has announced the launch of a new digital open enrolment programme on FinTech that will cover topics ranging from Blockchain technology and Artificial Intelligence (AI) to crowdfunding and quantum computing.