Chattanooga is well-positioned to help Tennessee become a leader in quantum technology as a turning point called “Q-Day” approaches, potentially within the next decade, according to researchers from the University of Tennessee at Chattanooga.
Q-Day is the point at which quantum computers will be able to hack through typical encryption, which protects sensitive data on classical computers. The day could come as soon as 2030, according to a report by Bento Lobo, department head of finance and economics at UTC.
The day will mean that quantum computing and networking, which harness the power of atomic and subatomic particles to move information faster and protect data more securely, will become more important.
Partnerships between EPB, quantum computing company IonQ, Oak Ridge National Laboratory and UTC are likely to make Chattanooga a hub for quantum technology as it becomes commercialized, according to the report released earlier this month. The sector could bring as much as $1.1 billion of economic output, income and taxes, as well as 2,000 new jobs to the area by 2035, Lobo found.
Chattanooga quantum sector to lead state as ‘Q-Day’ approaches
“The ‘value of quantum’ in Chattanooga is both technological and economic — positioning the city as a launchpad for quantum innovation and a strategic destination for future-focused businesses,” the report said. “Gig City will be transitioning to Quantum City soon.”