Hi All
Quantum Shield is a key project within The Block Tech Hub, part of a greater collaboration with the state of Illinois through Innovate Illinois and Chicago Quantum Exchange that intends to make Illinois a hub for quantum exploration, solutions, and the development of a quantum workforce.
Quantum computing has the potential to produce breakthroughs in a number of industries, such as aerospace, chemicals, pharmaceuticals, financial services and energy, creating $450-850B annually for businesses and offering a wide range of benefits for consumers and governments. One increasingly urgent potential application is fraud prevention. Today fraud carries staggering costs for consumers, governments and financial institutions with $2T in money laundered every year, more than $40B lost in 2 identity scams and nearly $30B lost in credit card fraud alone 1.These numbers are expected to rise in the future with the growth of GenAI and e-commerce.
Regards
Caute_Cautim
