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IDTechEx Asks Which Real-World Applications Commercial Players Are Developing With Quantum Computers Today

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BOSTON, May 23, 2024 /PRNewswire/ — The risk of missing out on the competitive advantage quantum computing offers is rising. Governments and private investors worldwide are placing multi-billion-dollar bets that the industry will produce huge long-term returns. Yet, for this to be realized, the theoretical advantage of quantum computers must be translated into real-world commercial value. In this article, IDTechEx explores which applications are being developed today across the materials, chemical, automotive, finance, and healthcare industries.

For more information on the technology differentials of quantum computing hardware platforms, timelines for commercial readiness, and twenty-year market forecasts, see the IDTechEx report, “Quantum Computing Market 2024-2044: Technology, Trends, Players, Forecasts“.

The quantum advantage simplified

Quantum computers use quantum bits instead of classical bits. Their special quantum properties allow them to represent both a ‘1’ and a ‘0’ at once in superposition and work together in an entangled group. Without understanding the physics behind this and how it works, what matters most from an end-user perspective is its impact on computational capabilities. In a classical machine, N number of bits can represent N number of states. By contrast, in a gate-based quantum computer N number of qubits can represent 2N number of states. Or, as put by Sir Peter Knight at the New Scientist Emerging Technology Summit 2024, just 300 good qubits could represent more states than there are atoms in the visible universe. This not only exponentially reduces the time it can take to solve certain existing problems but also provides a means to tackle harder and more complex ones.

For now, classical supercomputers have trillions of classical bits, and many quantum computers available only have a handful of useful qubits. Yet as worldwide efforts are concentrated on scaling up the hardware, end-users are already developing real-world use-cases. This trend can be found across multiple industry verticals, with many players angling to become early adopters and realize a competitive advantage as soon as it is available.

A qualitative assessment of how timelines to commercial value can be tracked by the use-case development stage of end-users and the progression in hardware development. The marker of ‘today’ is an average across both gate-based and annealing platforms. Source: IDTechEx

Material simulation: drugs discovery and battery chemistry

Simulating material properties at the nanoscale, or other words at the atomic level, is incredibly compute-intensive with classical machines. Moreover, some of these simulations have a reputation for not being particularly accurate—for example, predicting that an insulating material will be a conductor.

This has an impact in fields dependent on material discovery and simulation across many industry verticals, which is infamous for being a very time-consuming and costly experimental process. However, in parallel with the interest in materials informatics to solve this challenge are many investigations into the application of quantum computing to significantly accelerate materials discovery timelines.

One important example of this is within drug discovery. Players such as Janssen Pharmaceuticals are investigating how quantum computing can be used to make screening of potential drug candidates more efficient, as well as be applied for molecular simulations. This work can specifically relate to the applications in crystal structure predictions or binding affinity, as well as property predictions, including toxicity.

Material property simulation and target finding are also high-value problems in battery chemistry innovations.  While classical approaches to materials informatics based on classical computing can enhance our understanding of battery chemistry, it is likely to remain less efficient than quantum computing at modeling chemical reactions at a molecular or sub-atomic level. Simulations of electron interactions can also provide a more accurate understanding of chemical reactions at anodes and cathodes, such as the degradation-inducing formation of oxides. Quantum computing can thus accelerate the development of higher-performance batteries by performing calculations beyond the capability of their classical counterparts.

Banking and Finance: pricing optimization and fraud detection 

The finance sector has been amongst the earliest to engage with quantum technology. This is in part because of the criticality of robust data security in finance and, as such, preparing for the risks posed by quantum computing alongside the integration of quantum communications solutions such as quantum key distribution and post-quantum cryptography.

However, beyond the quantum risks to finance, there are also a host of potential opportunities, specifically in pricing optimization and fraud detection. With quantum computing, pricing optimization could consider many more influencing factors than it does today, evaluating the combined impact of currency, location, sustainability, supply chain, geopolitics, and more. As for fraud detection, the capability to analyze banking activity with a quantum computer could make security protocols much more streamlined. The erroneously blocked card upon the purchase of the first holiday coffee would become a thing of the past.

At the 2024 New Scientist Emerging Technology Summit, HSBC outlined their strategy of building dedicated in-house expertise to develop quantum-ready products in these areas – which can be deployed as soon as the hardware is ready.  Yet HSBC are not alone in exploring quantum computing – indeed, there is activity from Goldman Sachs, JP Morgan, Barclays, Mastercard, Citi, and many more. However, some of these companies are choosing to use third parties to build use cases rather than invest in in-house teams. In the current era of a quantum talent shortage, particularly within industry, the role of the expert middleman is looking particularly lucrative.

Automotive and Aerospace: Fluid dynamics and the paint shop problem

The mega-trends in future mobility are broadly electrification and autonomy. Of course, the applications in battery chemistry simulations are of keen interest to the automotive community – who are amongst the most active in this research area from a commercial side. This is covered in much more depth in the IDTechEx Quantum Computing report. However, outside of material discovery – quantum computing also offers an edge in other areas, such as fluid dynamics and logistics.

Computational fluid dynamics (CFD) simulations are a crucial part of the design process within both automotive and aerospace. However, for very complex scenarios, the hypothesis of industry leaders such as Rolls Royce is than for iterative design of jet engine designs – the efficiency of a quantum solution could be hugely valuable.

By contrast, the application of quantum computing to logistics and operations more widely could be transformative. The multi-car paint shop problem is an example similar to the pricing optimizations within finance, whereby workflow scheduling, which accounts for a higher number of variables, will likely be better solved with a quantum computer. For example, D-wave are already ramping up productions scale deployment of an auto-scheduling product using annealing with partners of the Pattison Food Group.

Market Outlook and Conclusions

Overall, the general themes of ‘optimization and complex simulation problems’ come up time and time again as killer applications for quantum computers. Across the pharmaceutical, chemical, healthcare, automotive, finance, aerospace industries, and more – quantum expertise is rising in value.

Even though skepticism remains in some instances as to the likelihood of a universal, large-scale fault-tolerant quantum computer ever being realized as promised, there is even more disagreement as to what timelines value will realistically be realized within each industry.

Yet, for many, the risk of missing out and falling behind is too high not to engage. Looking ahead, IDTechEx anticipates the rising awareness of the risks posed by quantum technology, specifically within quantum communications and data security, will likely become a gateway for more commercial players to begin considering the opportunities quantum computing could bring them. Going forward, potential end-users must tread the line of being neither too cautious nor too enthusiastic in response to ‘quantum hype’.

With so many competing quantum computing technologies across a fragmented landscape, understanding the differences between each approach is essential in identifying realistic opportunities for growth within this exciting industry. IDTechEx’s report “Quantum Computing Market 2024-2044: Technology, Trends, Players, Forecasts” covers the hardware that promises a revolutionary approach to solving the world’s unmet challenges. Drawing on extensive primary and secondary research, including interviews with companies and attendance at multiple conferences, this report provides an in-depth evaluation of the competing quantum computing technologies: superconducting, silicon-spin, photonic, trapped-ion, neutral-atom, topological, diamond-defect, and more.

To find out more about this report, including downloadable sample pages, please visit www.IDTechEx.com/QuantumComputing.

For the full portfolio of quantum technologies market research from IDTechEx, including the broader Quantum Technology Market and more in-depth research relating to Quantum Communications and Quantum Sensors, please visit www.IDTechEx.com/Research/Quantum.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com

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Lucy Rogers
Sales and Marketing Administrator
press@IDTechEx.com
+44(0)1223 812300

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Tusker Acquires Fortress SRM to Expand Cybersecurity Services

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Adds New Cybersecurity Expertise, 24/7 Security Operations Center and Ohio Valley Presence

CHICAGO, Sept. 2, 2026 /PRNewswire/ — Tusker, a full-service technology solutions provider with clients across the country, today announced the acquisition of Fortress SRM, a Cleveland-based firm specializing in cybersecurity services. The acquisition adds nearly 50 cybersecurity professionals to the Tusker team, provides new security capabilities including 24/7 oversight, and expands Tusker’s geographic footprint with a sixth regional hub.

Founded in 2018, Fortress SRM serves customers across Ohio, northern Michigan and Wisconsin with a team of approximately 50 cybersecurity professionals. Its capabilities span security consulting and advisory services, virtual CISO leadership, managed security, incident response and digital forensics, and a 24/7 Security Operations Center (SOC) that delivers around-the-clock threat detection, analysis and remediation support.

The acquisition is the latest step in a strategic expansion campaign that has grown Tusker from its roots as a Chicago-based IT hardware distributor to a full-stack technology provider with more than 400 employees and regional hubs in Chicago, Boston, Green Bay, Duluth, Eau Claire and now Cleveland.

It marks Tusker’s fifth acquisition since 2017 and its first since unifying its portfolio companies under the Tusker brand earlier this year. Additional acquisitions are planned as the company continues building its geographic reach.

Expanding the Tusker Platform

The acquisition brings together two organizations with complementary strengths: Fortress SRM’s deep cybersecurity expertise, Tusker’s broader technology capabilities and geographic reach, and the high-touch service and trusted relationships that have been central to both organizations. It also advances a Tusker initiative to aggressively expand its services business.

“Fortress SRM brings exactly the kind of expertise and customer-centered culture that has defined every company we have acquired over the last nine years,” said Matt Zafirovski, CEO of Tusker. “This acquisition expands our cybersecurity team and related service capabilities, plants a flag for Tusker in the Ohio Valley, and strengthens our ability to be a trusted technology partner across the customer’s entire IT environment.”

The transaction also provides significant benefits to Fortress SRM’s cybersecurity customers.

“Many of our cybersecurity clients want a trusted partner who can support all of their IT needs, from desktops, servers and networks to technology planning, modernization and managed services,” said Jess Walpole, President of Fortress SRM. “Joining forces with Tusker gives them that convenience, along with a larger team and the same personal service they have come to expect from us.”

About Tusker

Tusker is a mid-market IT solutions provider that blends a broad portfolio of advisory, professional, managed and lifecycle technology solutions with a focus on building long-term client partnerships through a combination of IT expertise and highly personalized service. The firm operates from multiple regional hubs, serving clients ranging from local organizations to national brands. For more information, visit www.tuskerco.com.

View original content:https://www.prnewswire.com/news-releases/tusker-acquires-fortress-srm-to-expand-cybersecurity-services-302867089.html

SOURCE ACP/Tusker

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Peerspace Launches All Inclusive Venues: A New Way to Book Venue, Food, and Service in a Single Reservation

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The new category launches today in New York, San Francisco, Los Angeles, and London, with
Chicago and Atlanta joining by the end of the year

SAN FRANCISCO, Sept. 2, 2026 /PRNewswire/ — Peerspace, the leading marketplace for hourly venue rentals for events, productions, and meetings, today announces the launch of All Inclusive Venues, a new booking category that lets guests reserve the space, food, and drinks together in a single reservation. Peerspace, which recently crossed $800M in total booking value since its founding in 2014, is expanding the category across its marketplace.

Peerspace launches All Inclusive Venues – book space, food, and drinks in one reservation.

This new category is currently live in New York, San Francisco, Los Angeles, and London, with Chicago and Atlanta joining by the end of the year. Looking ahead, Peerspace plans to bring All Inclusive Venues to additional markets, starting with Washington D.C., Miami, Toronto, Dallas, San Diego, and Seattle, followed by Austin, Denver, and Houston. Peerspace expects to add over one thousand All Inclusive Venues to its marketplace in the coming months.

All Inclusive Venues are designed to remove the back-and-forth that typically comes with booking a full-service space. Guests see one all-in price upfront without needing to submit a ‘contact us’ form or wait for a call back. A few standout Peerspace All Inclusive Venues include:

Wandering Barman (Brooklyn, NY)Telephone (Brooklyn, NY)The Academy SF (San Francisco, CA)Rick & Roxy’s (San Francisco, CA)

“We wanted to take the guesswork out of party planning. No more juggling five vendors and not knowing what the night will ultimately cost,” says Rony Chammas, Founder and Chief Growth Officer, Peerspace. “All Inclusive Venues allow guests to lock in their venue, food, drinks, and staff all in a single booking with clear upfront pricing.”

For hosts, All Inclusive Venues creates a new source of customer awareness and demand without any ongoing fees. Hosts can list their business on Peerspace for free, opening up their venues to clientele beyond traditional events, including corporate meetings and productions, while gaining access to Peerspace’s advanced tooling, including custom proposals, calendar sync, and a performance metrics dashboard.

New All Inclusive Venue hosts point to Peerspace’s impact on their business:

“Peerspace has been a great partner to help market our venue to new customers. We opened last year and started receiving private event and production inquiries within the first few weeks.” — Bryan S., Quick Eternity, New York, NY

“Peerspace is by far the best third-party platform we’ve partnered with when it comes to generating leads. It’s helped us significantly increase bookings for our upstairs private room.”

— Shannon H., Country Club, Chicago, IL

“Peerspace has been a great platform to work with, helping us connect with new clients and introduce our venue to a wider audience. The platform is easy to use, and their team has always been responsive whenever we’ve had questions or needed support.”

— Dave C., Skylark & Soundtrack, San Francisco, CA

All Inclusive Venues also debuted this year as one of two new categories in Peerspace’s fourth annual Open Door Awards, which recognize over 800 exceptional spaces across 23 cities in the United States, Canada, Australia, the United Kingdom, and France. To browse All Inclusive Venues, visit peerspace.com and apply the “Food and drink included” filter. To list your All Inclusive Venue on Peerspace, visit try.peerspace.com/all-inclusive-venues.

About Peerspace 

Peerspace is the leading marketplace for hourly venue rentals for meetings, productions, and events. By opening doors to the most inspiring spaces worldwide, Peerspace empowers creativity while enabling hosts to earn additional income. The company connects guests with 50,000+ unique spaces, ranging from lofts and mansions to storefronts and studios. Founded in San Francisco in 2014, Peerspace is backed by investors including GV (Google Ventures) and Foundation Capital. Discover inspiring spaces to meet, create, and celebrate at www.peerspace.com

Media Contact: press@peerspace.com

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SOURCE Peerspace

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ChainIT Launches “Provable Authority” as U.S. Generative AI-Enabled Fraud Losses Are Projected to Reach $40 Billion by 2027

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New white paper introduces pre-execution authority controls for employees, owners, organizations, workflows and AI agents—before money moves

SCOTTSDALE, Ariz., Sept. 2, 2026 /PRNewswire/ — ChainIT, a digital verification and compliance platform that helps organizations validate identities, businesses, authority and compliance status through trusted data sources and auditable workflows, today announced the release of “Provable Authority,” a technical white paper introducing a pre-execution framework for determining whether a person, business, workflow or autonomous AI agent is authorized to perform one exact action before money, data, assets or contractual rights move.

Deloitte’s Center for Financial Services projects that generative-AI-enabled fraud losses in the United States could reach $40 billion by 2027, up from $12.3 billion in 2023.[1] The Global Anti-Scam Alliance estimates that $442 billion was lost to scams across 42 surveyed markets during the preceding year.[2]

Financial institutions and businesses have invested heavily in authentication, transaction monitoring and fraud detection. Yet a valid login, signature or cryptographic key does not necessarily prove who granted the underlying authority, whether it remains current, what limits apply or whether the final instruction matches what was approved. The problem already affects employee wires, owner approvals, vendor payments and treasury operations. Autonomous AI magnifies the exposure by operating continuously, across systems and at machine speed.

Provable Authority addresses both the longstanding business-authority problem and the emerging agentic authority problem. The white paper introduces the ChainIT Authority Protocol and its Agent Subject Profile, connecting verified identity, organizational authority, delegated scope, sourced evidence, deterministic controls, transaction capacity and exact instruction approval. It is designed to answer a critical question before execution: Is this employee, owner, representative, workflow or AI agent currently authorized to perform this exact transaction?

“Like almost everyone, I am flooded with scam texts, emails, calls and voicemails designed to make me trust someone who may not be who they claim to be. AI can now clone voices, recreate faces and make fraudulent instructions more convincing and more difficult to detect. That is why identity alone is no longer enough,” said Jeremy Blackburn, Chief Executive Officer of ChainIT. “Before money moves, organizations need to verify that the employee, owner, representative, workflow or AI agent is actually authorized to take that specific action, within defined limits, at that moment. Provable Authority is designed to help prevent the fraud people and businesses are experiencing today while establishing the controls needed for the agentic economy already emerging. I am incredibly proud of the ChainIT team for developing a practical, forward-looking solution to one of the most urgent trust and security challenges in modern commerce.”

Core Technical Pillars

Verified authority chains: ChainIT ID, ChainIT Org ID and Authority Resolution Pactvera connect the acting party to the verified person, organization, role and delegation behind the action.Deterministic pre-execution controls: Versioned authority policies, sourced evidence and rules-based workflows return explicit outcomes such as Allow, Step-Up, Hold, Reject or Prohibit.Transaction-bound authorization: A canonical transaction digest binds the payer, payee, destination, amount, currency or asset, payment rail and other material terms to approval and execution.Agent containment and immutable evidence: Scoped session credentials, single-use execution authorization, capacity controls, append-only Validated Data Tokens and Valitorum preserve what was authorized and what occurred.

“The technical breakthrough is the separation of authentication, delegated authority, proposal activity and final execution,” said Matt Koepp, Chief Technology Officer of ChainIT. “An AI agent may evaluate information and propose an action, but deterministic controls decide whether the action is within scope, whether authority remains current, whether capacity is available, whether human approval is required and whether the exact instruction may be committed.”

Financial institutions, technology companies, developers, compliance leaders and enterprise organizations can download “Provable Authority” at https://chainit.com/chainit_provable_authority_whitepaper/

About ChainIT

ChainIT provides digital identity, business verification, compliance, and auditable workflow solutions that help organizations establish trust across business relationships. ChainIT’s platform supports KYB, KYC, identity verification, authority validation, beneficial ownership workflows, sanctions and watchlist screening, compliance documentation, ongoing monitoring, and immutable audit evidence through Validated Data Tokens (VDTs).

By helping organizations verify people, businesses, authority, and compliance status through trusted data sources and automated workflows, ChainIT enables customers to reduce risk, streamline onboarding, improve transparency, and make critical operational decisions based on verified and current information.

www.chainit.com

Source Notes
[1] Deloitte, “Deepfake banking and AI fraud risk.”
[2] Global Anti-Scam Alliance, “Global State of Scams 2025” and “GASA Policy Agenda 2026.”

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SOURCE ChainIT Inc

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