I have been researching the current status of Quantum Computing with a view to maybe entering some post-graduate certification course, particularly as it relates to encryption and data security.
I have come to a fairly sceptical conclusion, both from a hardware development point of view and, probably even more sceptical, view of the algorithm development field.
Please, let me say at the outset, I have no doubt PQ Computing CAN have a significant impact on decryption, but there is, in my mind, still huge gap between what we currently have and what, predicted, requirements would be.
Firstly, for example, IBM currently has ~1150 Physical Qubits. Thatās, theoretically, ~20 Logical Quibits.
The, suggested, amount of Logical Qubitās required to factorise PGP encryption is ~4,000,000. Thatās ~200,000,000 Physical Qubits. Not impossible if you can find a suitable substrate to assemble said Physical Qubits on, which they havenāt, at least not under reliable, sensible, economically viable conditions.
Secondly, though Shorās Algorithm āsuggestsā the ability to more efficiently factorise PGP level encryption, it is still more of an Oracle Algorithm than fully developed, and research in this area is stunted, to say the least.
With this in mind, Iām inclined to think, USEFUL Quantum Computerās are eons away, if at all possible, and the current āhypeā is purely Wall Street opportunism.