Quantum Financial System, also known as QFS has become a technical buzzword, especially in the field of finance. The increasing popularity of digital technology has exacerbated the cybercrime problems to a large extent as well. The more we depend on digital media, the greater opportunity there is for cybercriminals to get away with injustices.
A study conducted by Juniper Research found that cybercrime will result in the theft of nearly 33 billion dollars by 2023.
Naturally, banks and other financial institutions form the primary targets for most cybercrimes. In response to this, many banks have made it a point to update their systems and practices to prevent the occurrence of such crimes. This means that financial institutions have finally begun to embrace emerging technologies that can help meet the expectations of today’s consumers.
This is where QFS comes to the rescue. This future-proof system is being extolled as the future of financial transactions as a whole. It is not developed to run on conventional computers but through a quantum computer placed on a satellite. In order to provide maximum security, the Quantum Financial System is well protected by Secret Space Programs (SSP).
Several experts believe that quantum technology could solve problems related to security, processing power, and data efficiency. In this article, we will provide a deeper insight into what quantum financial systems are and the role that they could potentially play in the financial world.
What is quantum computing?
Quantum computing makes use of the laws of quantum mechanics to process any kind of information. Traditionally, computers use long strings of “bits,” which encode either a zero or a one. A quantum computer, on the other hand, uses quantum bits, or qubits.
It is expected that quantum computers will develop abilities superior to traditional computers by the next decade. This will engender a sizable increase in the processing power over the silicon chips we use today. The use of qubits results in more secure, faster transactions, which would be a gamechanger for the finance industry. Qubits offer better flexibility as it is possible to use a combination of 0s and 1s simultaneously instead of one at a time, like in classical computing. Put simply, qubits will be able to store more data than traditional bits. This improves the ability to quickly analyze data and spot patterns. According to Bloomberg, Google’s most advanced quantum computer, Sycamore, can solve computational tasks that would take a traditional model 10,000 years, within just 3 minutes.
What is the quantum financial system?
How did the quantum financial system even come into being? It all began when people began noticing the flaws in today’s financial system. A few prominent individuals joined hands to do something about these observations by making an effort to advance the financial system with the help of quantum computing and distributed ledger technology.
Hence, the Quantum Financial System was developed and subsequently introduces a new era of banking and monetary transactions. The system is designed to support full tracking of tangible assets like gold, oil, platinum, and others, rather than paper currency with little systematic value. With this system, every single sovereign currency is backed by gold or assets. This can even guarantee their sustainability. Transactions will run on the QFS VPN and can be used for the purchase of all goods and services. QFS is superior when it comes to photonic technology. It is evident from its clocking in at 3.5 trillion frames per second. It replaces obsolete IP dynamic routing with the true physical GPS authentication between the sender and receiver routing while upholding 100% financial security and transparency of all currency holders.
How does the quantum financial system work?
QFS is often stored and operated on satellite servers based on quantum computing. This is because QC is more secure and advanced, because of its pattern of processing. Quantum computing uses two or more quantum states together to create another state by firing electrons through semiconductors using a configurable pulse of light which results in the fastest state of speed. This is why quantum computers store much more information and deliver more speed than current state computers.
Typically, a QFS will assign a digital number to every dollar, euro or yen found in every bank account around the world and will then monitor it in real time. The physical GPS location between sender and receiver will be set up to provide unbreakable security. This means that you will be able to find out exactly where it went, when it was transferred, who sent it with your login information, and which account received it. The QFS AI will keep track of fluctuation and will manage all bounding conditions. This means that only AI algorithms are allowed to control the global financial network unless the highest level of approval is given.
Only gold-backed currencies that possess a digital gold certificate can participate in transactions through the QFS. The gold certificate will have a serial number as a reference on a piece of gold held in reserve to back the currency. It is impossible for it to be stolen or taken out of the secure vaults where they are stored. This is where the term gold-backed currency comes from- it needs to reference back to a piece of gold in the vault that is backing it.
Asset-backed currencies refer to currencies that are established based on assets within the country of origin. These assets are considered to be a justification to establish the amount of currency available in a country, but all denominations of currencies need to be placed within the QFS and must be given a gold certificate in order to stay active within the QFS. If the assets are mined or extracted from the earth, they will be sold on the marketplace as with any other commodity
Characteristics of QFS
- It will encompass a universal network for transferring asset-backed funds.
- Has the capability to replace the US- Centrally Controlled SWIFT System.
- Can protect all involved parties from corruption and manipulation within the banking system.
- Ensures that banks are monitored and protected with regard to the agreed upon contract of the transfer fund process.
- Independent from the existing centralized system.
- Not a cryptocurrency, but an asset-backed digital currency.
Why do we need QFS?
The goal of the Quantum Financial System is to promote the growth of every single country, including third world countries by improving the current financial system. The system that we have today tends to create a debt crisis, where high interest rates lead to growing difficulties in repaying debt. By implementing QFS, countries that are in debt will be able to repay it by providing something valuable. For instance, they can export their natural minerals and resources.
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Consider third world countries in Africa, Asia, and the Middle East with large amounts of foreign debts and devalued currencies. Despite the fact that they ultimately repay their debts, the strength of their currencies becomes weaker. This is why many of them have to resort to borrowing more, continuing the vicious cycle. However, with QFS, these countries can trade their excess natural resources, such as gold or oil, so as to reap the complete rewards and financial power of their resources.
Each country is required to be GESARA (Global Economic Security and Reform Act) compliant to participate in the QFS, else they will ultimately be excluded from international trade. A particular quantitative formula is used to determine the amount of currency available, which is to be gold-backed in the QFS. The result achieved from using the formula will put forth a fair value of each country’s assets when compared to one and another.
When gold prices rise, the currency values will accordingly rise as well. This results in no net change to the par value of all currencies. The formula includes assets on the ground, the country’s economy, its population, which is one of the country’s assets, and a number of other parameters to determine the value of the country’s currency. This formula should be applied to each country so that all currencies are on par with the other countries.
The application of the formula and the common value of all gold means that one country’s currency must possess an identical value as another country’s currency. This is referred to as the Global Currency Reset – the reset of all currencies on par with all other world currencies and each one has a gold certificate to validate authenticity. It’s a requirement of each country to use the reset formula and apply the worldwide standard, to ensure the proper functioning of the QFS.