Head of Applied Research and Engineering of Global Technology at Marco Pistoa, JP Morgan.
Source: JP Morgan
Ion Prior to the prior of research applied to is hired JPMorgan Chase CNBC has learned by the quantum firm’s corporate customers to help adopt the next generation hardware, algorithms and security.
Marco PistoiaWho was head of JP Morgan’s internal research group From 2020 This year, the IonQ will join the IONQ as senior vice -president of industry relations, the Quantum Computing Firm is expected to announce on Monday.
JP Morgan, the largest American bank by recent assets Repair Its research group leads, which worked on quantum computing and other advanced technologies. Quantum computing has the ability to have tremendous progress on traditional computing, and with technical giants, small publicly trading companies are running to commercialize it.
IONQ is one of the big examples of pure-play quantum companies. With company and contestants Rigty computing And De-wave The last one year has seen an increase in its shares, fuel with enthusiasm in the newborn region.
In its new role, Pistoya will report directly IONQ CEO Nikkolo de Masi And focus on helping the corporations adopt both quantum computing and quantum-safe encryption, they said during an interview last week.
‘high risk’
A adequately powerful quantum computer can theoretically break encryption methods that protect the world’s financial data.
“There is a big risk that is against quantum cryptography, so we need the whole world for infection in quantum-safe cryptography,” said Pistoa.
Bad actor can “take any public key and reverse engineers,” he said.
According to Pistoia, the arrival of a commercially used quantum computer is coming rapidly.
“I believe that usable quantum computers are now very close; we are talking about two to three years from now,” he said.
Pistoia said that he expects to continue cooperation with JP Morgan as well as other financial firms on quantum projects.
JP Morgan refused to comment on the case.
