Amman, Aug. 5 (Petra) --The Jordan Today Center for Development (JTCD), in cooperation with Asfar Consulting and Training, held the first Jordan Quantum Computing Technology Forum on Wednesday.
JTCD Director General Mohammad Al-Faqir said the forum comes as Jordan prepares to engage with the next wave of technological advancement, potentially linked to the fifth industrial revolution, driven by quantum computing and its ability to process information, perform complex tasks, and execute operations across various sectors at speeds beyond the capacity of traditional computers.
He said the forum aims to discuss the foundations and principles of quantum computing, its rapid development, current applications in different fields, future prospects, and the challenges associated with the technology.
Nader Qahoush, Director General of Asfar Consulting and Training, said the forum addresses a highly significant topic given the wide-ranging impact and applications of quantum computing across economic, political, legal, scientific, and medical fields.
He said discussions will cover the technology from multiple perspectives, including its physical foundations and the scientific principles behind a major technological shift, as well as the opportunities and benefits created by its advanced computing capabilities.
Deputy Governor of the Central Bank of Jordan Khaldoun Washah said quantum computing represents a major development in information technology, with the potential to address complex challenges at speeds that significantly exceed traditional computing capabilities.
He noted that the technology has strategic importance due to its potential applications in several areas, including improving investment portfolio management, supporting macroeconomic forecasting, developing more advanced financial stress-testing models, and accelerating innovation in financial services.
At the same time, Washah warned that as quantum computing reaches advanced levels of development, it could pose challenges to current encryption systems used to protect financial transactions and sensitive data of individuals and institutions.
He said the sectoral roadmap for transition to quantum-resistant encryption, recently issued by the Central Bank of Jordan, provides a strategic framework for the financial and banking sectors as they prepare to adopt technologies capable of addressing potential quantum computing-related risks.
The two-day forum brings together more than 50 experts from banking, technology, and economic sectors to discuss developments, applications, and challenges related to quantum computing.
//Petra// WH
