While electronic devices like our smartphones are heavily relied upon for the majority of modern information sharing, as data sharing improves, so did the need for hardware to be upgraded. One transtasman report released this month found New Zealand's quantum technology sector could be worth at least $1 billion in coming decades, while creating thousands of jobs. While quantum computing is still a long way off from becoming mainstream, quantum technology has a broad range of real-world applications today across healthcare, defence, financial services, and privacy. A $1b quantum technology industry would be considered well within New Zealand's top 10 industries, just behind wine but ahead of fish exports. "I see a very bright future for the photonics industry in New Zealand."

Source: Otago Daily Times July 27, 2020 20:26 UTC