Aware of the enormous potential of Industry 4.0, Taiwan formed a team composed of 17 research groups whose ultimate goal is to accelerate the development of quantum computing. Based on a series of theoretical technologies borrowed from quantum mechanics, a quantum computer is very promising because it is able to overcome the physical limits of conventional computers. Essentially, it is described as dealing with atomic and subatomic particles to process information at speeds up to a million times faster than conventional circuits.
Quantum computing will open the door wide for the national quest for digital transformation. While old school computing technologies are already approaching the constraints imposed by the laws of physics, quantum technologies are seen as the viable solution to introduce the next generation of computers. Even when you think that feasible applications are still decades away, quantum computing is a promise that is simply too big to take for granted.
To this end, the Executive Council of Science and Technology of the Executive Yuan of Taiwan recently announced that a team of 72 experts and 24 companies had been assembled to deal essentially with this: to research the development of quantum elements , computers and communication systems.
Knowing how quantum technology would greatly impact the country’s digital capabilities (e.g., cybersecurity, financial sector, national defense industry), Taiwan officially sanctioned the research needed to get the ball rolling. Wu Tsung-tsong, Minister of Science and Technology who is also a deputy organizer of the Science and Technology Council, announced the formation of the team at an inter-ministerial press conference. Additionally, he clarified that the research team would be specifically tasked with establishing an upstream and downstream research and development model.
The Ministry of Science and Technology (MOST), Academia Sinica and the Ministry of Economic Affairs (MOEA) have joined the team, while the Financial Supervisory Commission and the National Development Council are expected to join, said revealed Wu.
The stakes could not be higher for the country. Head of MOEA’s industrial technology department, Chiou Chyou-huey, said that as quantum technologies are expected to create huge business opportunities, MOEA will invest NT$320 million ($11.21 million) in research and development. development of quantum-related technologies. over the next four years.
For his part, the president of Academia Sinica said that the academic institution’s research staff had spent a decade doing extensive research on quantum computing technology and quantum materials. The southern branch of the national academy in Tainan, which is still under construction, is expected to become Taiwan’s quantum technology research and development base.
The powerful computational capabilities of quantum computers are key to taking technology to the next level. For example, it is expected to bring about a breakthrough for the pharmaceutical sector. If applied to drug discovery, these next-generation computers could model and test new drugs through molecular simulation.
Digital adoption is doing well in Taiwan. In December 2021, MOST unveiled its five-year NT$8 billion investment plan to build a quantum technology research and development platform. That should set things in motion.
Already, digitalization is beginning to make its presence felt in the country, allowing services that were previously inaccessible to be accessible to the masses. A concrete example is how seniors can now enjoy all the benefits of emerging technology in a smart geriatric hospital, the first in the country. This means that elderly care would be much more client-centric, thanks to technology.
Taiwan is gearing up for the Fourth Industrial Revolution and with the planet in mind too. Recently, it unveiled a revolutionary power-saving 5G base station that will enable better power management, not to mention greater 5G efficiency – as reported on OpenGov Asia.