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The Woodard®️ Report Podcast: Episode 62 - Quantum Computing with Randy Johnston

Heather Satterley
Posted by Heather Satterley on Aug 16, 2023 12:07:40 PM

In the latest episode of The Woodard Report Podcast, Joe Woodard sat down with Randy Johnston, a leading thought leader in the accounting industry, to discuss Michio Kaku's groundbreaking book, "Quantum Supremacy." The conversation delved into the revolutionary world of quantum computing and its potential impact on various industries, including accounting.

The Quantum Revolution

Quantum computing is not just the next stage of innovation; it's a disruptive technology that promises to change the way we understand and interact with the world. Unlike traditional computing, which relies on bits (ones and zeros), quantum computing uses qubits that can represent multiple states simultaneously.

Randy Johnston explained the profound implications of this technology:

"This is a revolutionary change, not an evolutionary change. [...] qubits are really multiple states maintained at the same time. And what's hard to picture is we used to talk about it as four states, but the current designs of quantum computers can have unlimited states in every qubit."

Implications for the Future

The conversation explored the positive and negative implications of quantum computing. On the positive side, quantum computers could cure diseases, stop aging, accelerate our pathway to colonizing Mars, and even create a single equation to understand our universe.

Joe Woodard emphasized the potential for quantum computing to solve some of humanity's most pressing problems:

"All of these plagues of the 20th and 21st century are going to be the stuff of history books in the decades or centuries to come."

However, the technology also poses significant threats, particularly to security and privacy. Quantum computers could break into encrypted databases, making even the most secure systems vulnerable.

Randy Johnston warns of the risks:

"We've got a radical threat, Joe, as I see it, and it does have a name called Y2Q or Q Day. And I talked about that scaling new heights this year. And it's better known as quantum hacking. So what's going on right now is the bad actors are accumulating databases of all kinds, waiting for the quantum tools to be strong enough that they can break into these encrypted databases."

Michio Kaku at Scaling New Heights

Michio Kaku, the author of "Quantum Supremacy," will be speaking at the Scaling New Heights conference in June 2024 in Orlando. This event presents a unique opportunity to hear directly from one of the leading minds in quantum physics and explore the future of technology and innovation.

Embracing the Change

The interview concluded with a call to action for professionals to embrace the change and adapt to the new world of quantum computing. The future will be radically different, and lifelong learning will be essential to keep up with the pace of innovation.

Listen and Subscribe

To dive deeper into this fascinating topic and explore the full conversation between Joe Woodard and Randy Johnston, listen to the entire podcast and subscribe on your favorite podcast platform. Stay informed and stay ahead with The Woodard Report Podcast.



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Topics: Modern Practice


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