Watch – World Wide Organization of Quantum computing:
Earlier this month, China’s official news agency Xinhua announced the launch of a secure quantum communications network between Shanghai and Beijing.
The 2,000 kilometer (1,243 mile) backbone will be used for military and government communications, but also in commercial areas such as banking.
That puts China far ahead of US and Europe, experts say.
Quantum key distribution adds a level of security for communications, since it protects encryption keys from being intercepted while in transit and allows for the use of symmetric keys.
China’s quantum network is a significant milestone and impressive achievement, said Renato Renner, quantum physicist at Swiss Federal Institute of Technology.
“Although the basic technology for this has been available for several years, it is extremely challenging to implement it in a way that is robust enough to be suitable for commercial applications,” he said.
This month’s announcement, combined with China’s quantum communications satellite, puts it into a leading position in this field, he said. …
“Largest Quantum Network Ever Demonstrated”
The scale of the Chinese network is also significant.
There are already 242 nodes on their network, said Thomas Jennewein, physics professor and member of the Institute for Quantum Computing at University of Waterloo.
“To my knowledge, this is the largest quantum network that has ever been demonstrated,” he said. Previous projects maxed out at half a dozen nodes.
One organization in the US that does have a small test project in the works is the Oak Ridge National Laboratory, but it’s not comparable to the Chinese effort, said Jayson Hines, project manager in the Computing and Computational Sciences Directorate at Oak Ridge National Laboratory.
“The US at large does not have anything comparable to the China effort,” he said.
The European Union, however, does have a large-scale project in the works, he said.
That’s the 1 billion Euro (US $1.19 billion) quantum Flagship project scheduled to launch next year.
“Enterprises will be able to take advantage of the funding to do deployments in 2018,” said Kelly Richdale, senior VP for quantum-safe security at ID Quantique, one of the participants in the project. “But companies will not be able to use it for secured transport for the first few years while it is being set up.” …
One problem is that the quantum networks currently rely on point-to-point links, which makes progress slow, since it requires quantum repeaters, which are still in their infancy.
“Another option would be to use satellites,” Fedrizzi said. “China made some real progress on that front earlier this year, when they demonstrated quantum communication with a satellite, which in principle would allow global networks. China has had a head-start there, but there’s also credible efforts in many other places, such as Canada, Japan, and the EU.”
China’s Quantum Net Advance Offers a Glimpse into the Future of Enterprise Security – Chinese companies actively productizing quantum key distribution, which pushes communications security to a new level
Inside the Eccentric, Relentless Deal-Making of Masayoshi Son – ‘One Billion Dollars Per Minute’
The latest deal-making spree began in September of 2016. Mohammed bin Salman, deputy crown prince of Saudi Arabia at the time, flew to Tokyo as his country was looking for ways to diversify beyond oil. He met with Son, who pitched the idea of setting up the largest investment fund in history to finance technology startups. In less than an hour, bin Salman agreed to become the cornerstone investor. “Forty-five minutes, $45 billion,” Son said on The David Rubenstein Show in September. “One billion dollars per minute.”
Facebook’s co-founder Eduardo Saverin, VC fund invest $11 million in local e-commerce site Hopscotch
Hopscotch, the Mumbai based babycare and kids products etailer, has raised $11 million in a second round of funding led by Facebook co-founder Eduardo Saverin and Los Angeles headquartered early stage investor Velos Capital. The funding comes amidst a wave of consolidation in the nascent babycare and kids products etailing segment that has already seen a couple of players shutter operations and others seek buyers. The investment in Hopscotch marks Saverin’s and Velos Partners’ debut investment in India. Singapore-based Saverin, whose net worth at the time of the 2012 Facebook IPO was estimated at $4.2 billion, has been a prolific angel investor in technology startups in Southeast Asia and North America over the past few years. He is also chairman of the advisory board at Velos Partners, which primarily invests in consumer and technology companies. Apart from Saverin and Velos Partners, other investors in this round include Rise Capital, Jabbar Internet Group and existing investors LionRock Capital and Skype co-founder Tovio Annus.
Join Bill Gates and other world-class speakers at Misk Global Forum 2017.
Bill Gates, co-chair of the Bill & Melinda Gates Foundation, the world’s leading philanthropic organization, is one of our world-class speakers at Misk Global Forum, the leading youth-focused conference.
The event takes place in Riyadh on 15-16 November – sign up now for exclusive insights and livestreams from Bill Gates and other speakers.