Happy Monday! I am excited to journey down our next series. In the coming weeks, we will look into quantum computing and blockchain. Our focus will be to see how they can impact the financial industry.
There has been a lot of talk and rumors about these technologies disrupting many areas of banking and finance.
We may have heard of CBDC (central bank digital currency) and QFS (quantum financial system). But are they real? I aim to answer these questions and more by the end of our series.
For now, let’s look and dive into the supporting technologies.
In today's edition:
Supporting technologies
Quantum Computing
Blockchain Technology
May 15th in Military History
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Supporting Technologies
A Quantum State
Let’s cover the foundation of these two technologies. We will dive deeper into these in later editions, which will help lay the foundation as we begin.
Quantum Computing
Quantum computing is a new way of doing math. It uses the power of atoms and subatomic particles to solve problems that are too difficult for regular computers.
Here is an analogy that might help you understand quantum computing. Imagine you have a coin. You can flip the coin, and it will land on heads or tails. With simple math, we could figure out the probabilities. But what if you could flip the coin, and it would land on both heads and tails simultaneously? You would be able to see the outcome of many different probabilities.
That's what quantum computers can do. They can solve problems that involve multiple possibilities at the same time.
Blockchain
Blockchain is a secure and transparent way to store information. It is a shared database that is updated by a network of computers.
This makes it very difficult to change or hack the database. Blockchain is best known for its use in cryptocurrency, but it can be used for many other things, such as storing medical and financial records.
Each relative block of information is linked together, to change any data in the block, you would need to do so simultaneously across all previous blocks.
Our next edition will cover the government entities with a hand in the game. A few would be Space Force, DARPA, and the conjunction of Quantum.gov.
As we go on, we will dive much deeper into these topics and tie them together, but first, we need to lay the groundwork.
May 15th in Military History
Gloster-Whittle E 28/39
The first Allied jet-powered aircraft entered the air on May 15, 1941. The English aviation engineer and pilot Frank Whittle created the Gloster-Whittle E 28/39. The jet age owes a great deal to Whittle, who began working on designing a jet engine in the early 1930s.
Despite its petite size, the Gloster-Whittle E 28/39 could speed up to 400 miles per hour because of its single engine. Although it wasn't designed for warfare, the plane was an engineering marvel. During World War II, jet fighters and bombers played a crucial role, and the flight of the E 28/39 validated jet propulsion as a practical choice for aircraft.
The first flight of the E 28/39 marked a watershed moment in aviation's development. This event ushered in the jet age and ultimately altered the outcome of World War II. The E 28/39 was a product of Frank Whittle's innovative spirit and dogged persistence, and it played an essential role in the development of aviation in the decades to come.
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— Semper Fi
Justin Nerdrum