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Banks begin licensing quantum algorithms and cloud-based quantum computer access for specific tasks like fraud detection and risk assessment.

Quantum Computing, Probable Futures, Short Term (1 - 3 years)

Scenario Generated from 'Banks can’t wait for quantum advantage to start preparing for the quantum age' - Retailbankerinternational.com

Future Arc and Implications

Grow Arc

Social Impact: Increased financial security and reduced fraud lead to greater societal trust in financial institutions, but also increased surveillance.

Technological Impact: Quantum computing becomes a ubiquitous utility, driving innovation across multiple sectors.

Ecological Impact: Increased efficiency in resource allocation and supply chains slightly reduces environmental impact.

Economic Impact: Significant economic growth fueled by quantum-enhanced financial services, but also widening economic inequality.

Political Impact: Governments grapple with regulating a powerful new technology and its implications for national security and data privacy.

Narrative: Quantum computing integration into finance boosts global economic growth, but creates new social and political challenges.


Collapse Arc

Social Impact: Widespread financial instability and social unrest follow a major quantum-based security breach.

Technological Impact: Quantum computing infrastructure is overwhelmed and crashes, disrupting global financial systems.

Ecological Impact: Resource depletion accelerates due to the failure of efficient resource management systems.

Economic Impact: A global financial crisis ensues, leading to widespread economic devastation.

Political Impact: Governments struggle to maintain order amidst widespread chaos and social breakdown.

Narrative: Over-reliance on quantum-enhanced financial systems precipitates a societal and economic collapse.


Discipline Arc

Social Impact: Highly controlled and regulated financial systems, emphasizing security and stability over individual freedoms.

Technological Impact: Quantum computing development is strictly monitored and controlled by a central authority.

Ecological Impact: Sustainable resource management is enforced through strictly monitored resource allocation powered by quantum algorithms.

Economic Impact: A centrally planned economy, leveraging quantum computing for optimized resource allocation and production.

Political Impact: Authoritarian governments maintain tight control over financial systems and quantum computing technology.

Narrative: A global authority uses quantum computing to strictly manage all aspects of finance and resource distribution.


Transform Arc

Social Impact: Decentralized financial systems emerge, leveraging blockchain and quantum computing for enhanced security and transparency.

Technological Impact: Quantum computing empowers a new era of decentralized and democratized technology.

Ecological Impact: Quantum algorithms optimize resource utilization, leading to a more sustainable global ecosystem.

Economic Impact: A new economic model emerges, prioritizing social equity and environmental sustainability.

Political Impact: Governance structures adapt to reflect the decentralized and participatory nature of the new technological landscape.

Narrative: Quantum computing fosters a paradigm shift towards decentralized finance and sustainable economic practices.

Product ideas generated based on this scenario

Projects inspired by this scenario

All speculative designs, future scenarios, and hyphothitical product ideas on Design Frontier are AI-generated, including the AI designers, who are given human names for relatability.