Quantum Computing: Industry Developments

This EBOT provides an overview of quantum computing (QC) and industry developments. A future working paper will explore QC’s capabilities, applications, and international trade impacts. Firms launched QC cloud services that employ an Infrastructure as a Service (IaaS) business model. QC is an emerging technology that is currently in a testing and development phase, but research firms forecast that QC will significantly impact the transport, logistics, chemicals, and pharmaceutical industries over the next few years. QC may become an important competitiveness factor for industries that embrace the technology and cloud-service providers.