By many accounts, quantum computing (QC), which uses atomic “spin” instead of an electrical charge to represent its binary 1’s and 0’s, is evolving at an exponential rate. It could prove to be a huge boon to human society if QC can ever be realized on a large scale. This would allow for better crop yields and safer medicines, as well as the engineering of more efficient airplanes.

It is possible that the crypto industry could also reap benefits. Last week, for example, Bank of Canada funded a simulation project to simulate cryptocurrency adoption within Canadian financial institutions using quantum computing.