This episode is sponsored by EY.
The future of blockchains is in question, with some experts warning that their power could be vulnerable to quantum computing techniques. The problem lies within the fact they are currently based on outdated technology and would eventually become obsolete if not updated soon enough - which means this issue needs urgent attention from developers who want their projects protected against any potential risks arising out of it!
Join "Money Reimagined'' hosts Michael Casey and Sheila Warren from Davos, Switzerland, at the World Economic Forum Annual meeting as they dive deep into this topic of quantum computing with guest Jack Hidary of Sandbox AQ, an enterprise company combining AI and quantum tech to solve hard problems facing society.
Jack discusses how the application of these new quantum techniques to process massive amounts of data, in conjunction with blockchain-based verification systems can speed up innovation; such as improving battery storage or finding drugs which have yet to be discovered.
And as Hidary suggests, these new quantum techniques can accelerate computation and encryption to speeds that would have been unimaginable just 30 years ago. This will change everything we know about data storage and transmission of information – it's almost like science fiction!
Consensus 2022, the industry’s most influential event, is happening June 9-12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code MONEYREIMAGINED15 to get 15% off your GA and Pro pass at coindesk.com/consensus2022.
This episode was produced and edited by Michele Musso with announcements by Adam B. Levine. Our theme song is “Shepard.”