There is an emerging field for economists centered on quantum money and the use of quantum computing in economic models. Quantum money is an early invention of the quantum communication literature, recently implemented in an experimental setting. Quantum money offers the privacy and anonymity of physical cash, the option to transact without the involvement of a third party, and the efficiency and convenience of a debit card payment. Quantum speed-ups, including function approximation, linear systems analysis, Monte Carlo simulation, matrix inversion, principal component analysis, linear regression, interpolation, numerical differentiation, and true random number generation, can now be used to solve and estimate economic models.
Join us for our next discussion as Isaiah Hull, a Senior Economist with Sweden’s Central Bank introduces quantum money and highlights the common misconceptions about what is achievable with quantum computing in economic models.