Beyond encryption, another critical area where quantum technology is making strides is quantum communication – a field in which China is taking the lead. Quantum communication enables ultra-secure, extremely fast communication that cannot be intercepted. In 2016, China launched the first quantum satellite, which enables secure quantum communication over thousands of kilometres. A second satellite followed in 2022, and a third is planned for 2026. In December 2023, China and Russia tested quantum communication via satellite.
China and the United States approach quantum technology research in different ways. China focuses on state-led development, with the bulk of research conducted in state-controlled labs such as the Chinese Academy of Sciences or the University of Science and Technology of China. By contrast, the United States primarily leaves the development to private companies such as Google, IBM, and Microsoft, as well as startups. There are benefits and risks to both approaches. China’s method can help in long-term planning, especially when developing and securing supply chains, but may stifle competition and innovation. The US method fosters competition and diversity of research avenues, but is subject to the whims of investors and shareholders, who will want to see a return on their investment.
A surprising player in the quantum race is Australia. In 2024, the US startup PsiQuantum began construction of a quantum computer in Brisbane, backed by more than $1 billion in funding, mostly from the Queensland and federal governments. PsiQuantum claims that this computer will be the largest of its kind and the first “useful” quantum computer. However, it will not possess the ability to break encryption or undertake quantum communication. PsiQuantum’s co-founder, Dr Pete Shadbolt, claims that when completed the computer will be used for computational chemistry, meaning it will help analyse and model chemicals on an atomic level, in turn assisting in drug discovery and materials science.
Australia’s quantum ambitions extend beyond this single project. The National Quantum Strategy, launched in May 2023, aims to have Australia “recognised as a leader of the global quantum industry” by 2030. The Brisbane quantum computer is just one of many government-backed investments aimed at achieving this goal.
Quantum technology is a field that inspires both excitement and unease. It is a key battleground in the race for tech supremacy, offering enormous potential benefits while posing new security risks. It exists in the realm of emerging technologies, perpetually on the cusp of potential breakthrough. Australia, China, the United States and others are placing big bets on what quantum technology can achieve. The International Year of Quantum Science and Technology serves as a timely moment to take stock of its implications for global power and security.