Good morning, quantum computing technology has the potential to transform industries and solve society’s most pressing problems in the coming years.

The World Economic Forum recently published a report titled ‘Quantum Computing Governance Principles’. The report is an outcome of a global multi-stakeholder initiative to create a governance framework for quantum computing.

The WEF describes the report as laying out the first set of principles for the responsible design and adoption of quantum computing technologies to drive positive outcomes for society. The WEF also proposes key actions to be taken by stakeholders to incentivise the development of quantum computing while mitigating the possible risks.

There are several questions the report seeks to answer – questions that the team at Archer are frequently asked, including:

  • Will the public trust technologies which they cannot understand and whose results they cannot verify?
  • Will quantum computers be able to break existing cryptographic standards?
  • Who will have access to the new technologies?

The WEF’s approach to formulating the principles and creating a broader framework for responsible and purpose-driven design and adoption of quantum computing technologies involved:

  • Studying the inherent risks, ethical questions, societal implications, and other unknown impacts associated with quantum computing
  • Designing quantum computing governance principles, and
  • Testing the framework in a few emerging applications of quantum computing

Quantum computing brings opportunities and challenges that are distinct from those of other computing technologies.

It is prudent then to consider the impact of quantum computing when it is in the early stages of global development. This helps create greater awareness of the technology and sheds light on the guiding principles applicable to its development.

Sincerely,

Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX:AXE)

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