D-Wave Quantum Inc. announced that it has published a new
research paper introducing a novel blockchain architecture that uses
techniques from its
quantum supremacy demonstration.
By adding quantum to traditional blockchain computation, the new
architecture could enhance blockchain security and efficiency. As part
of this research, D-Wave scientists deployed the blockchain architecture
across four of its cloud-based annealing quantum computers in Canada
and the United States, performing distributed quantum computing for the
first time.
The new research paper, "Blockchain with Proof of Quantum Work,"
highlights how D-Wave built and tested a "proof of quantum" algorithm
that uses quantum computation to generate and validate blockchain
hashes. Blockchains rely on hashing, a mathematical function that acts
like a digital fingerprint. Hashing is used to encrypt transactions, and
"proof of work" algorithms validate those transactions. Classical
computers currently used for hashing and proof of work consume
significant amounts of electricity. Each year, the power consumption of
Bitcoin alone-just one application of blockchain- is estimated
to be comparable to the power consumption of the entire country of
Poland. D-Wave's research indicates that using quantum computation for
hashing and proof of work could require a fraction of the electricity
used by classical resources alone and potentially reduce electricity
costs by up to a factor of 1,000.
"In an industry first, D-Wave is delivering an exciting new quantum
blockchain architecture with potential for broad usage across
businesses," said Dr. Alan Baratz, CEO of D-Wave. "Coming off the heels
of our recent quantum supremacy demonstration, this serves as yet
another example of how D-Wave is helping customers realize the value of
quantum computing now. We invite the blockchain community to work with
us to utilize this exciting new use case for quantum computing."
The paper introduces a new quantum-powered method to securely and
efficiently create hashes by mapping mathematical functions to the
complex programmable spin glasses simulated in D-Wave's recent supremacy
demonstration. The proof of quantum algorithm presented in the paper is
designed to incorporate hashes generated by a quantum computer,
excluding classical computation from the process and adding an enhanced
layer of security.
"This is the first time a blockchain has successfully operated on a
distributed network of four quantum computers across two countries,"
said Dr. Mohammad Amin, chief scientist at D-Wave. "Despite spanning two
generations of D-Wave annealing quantum computers with different
architectures and fabrication stacks, the systems' outputs were able to
cross-validate each other and facilitate stable blockchain operation for
thousands of transaction blocks. We believe that this approach could
significantly reduce energy consumption and enhance security."
Initially developed to enable cryptocurrencies such as Bitcoin,
blockchain technology has a diverse range of applications across supply
chain management, healthcare, identity verification, and decentralized
finance.
The D-Wave annealing quantum computers used in the Company's recent
quantum supremacy demonstration and this new blockchain research are
available for customers to use today via D-Wave's Leap real-time
quantum cloud service. D-Wave plans to continue to drive the
development of this capability and work with partners to bring to market
products based on this new blockchain architecture.