Quanta Project
Quanta Project, an initiative between Fujitsu and SC Ventures, aims to accelerate quantum applications.
The joint venture will combine SC Ventures’ knowledge of the financial sector with Fujitsu’s hardware and software skills to develop a single digital platform that will democratize access to quantum resources and open up new business opportunities.
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Quanta Project is the result of a collaboration between Standard Chartered Bank’s innovation and venture division, SC Ventures, and Fujitsu, a world leader in quantum hardware and software. This collaborative venture, will incubate a new platform that will integrate various hardware and software technologies, allowing clients to quickly explore, create, and implement products that are inspired by and based on quantum technology.
The collaboration attempts to tackle fragmentation, a major issue facing the quantum sector. Some businesses are now better at producing tools for quantum algorithms, while others are better at hardware integration. The goal of Quanta Project is to address this by developing a unified, integrated platform for businesses wishing to expand their quantum capabilities. The program aims to enable businesses get a true quantum edge by democratizing access to quantum computing through the pooling of expertise and resources. As part of its company mission to “make the world more sustainable by building trust in society through innovation,” Fujitsu is working towards this.
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A Unified Platform for Innovation and Development
Quanta Project will make use of Fujitsu’s vast experience in software and algorithm creation, research and development of quantum computing, and knowledge gained from its work on a superconducting quantum computer. The development of quantum use cases, intellectual property, and overall value will be accelerated by combining this technological know-how with SC Ventures’ established venture-building skills and in-depth knowledge of financial institutions. Standard Chartered, a prominent global banking organization with operations in 53 vibrant markets, contributes substantial industry expertise to the collaboration.
The platform is intended to serve as an all-inclusive ecosystem for quantum application and research. Customers will receive:
- A comprehensive platform for developing and testing applications.
- Availability of pre-built algorithms for high-value uses, such as credit decisioning, risk simulations, fraud detection, and derivative pricing.
- Allowing people to create and evaluate their own original algorithms.
- The ability to access the data and backend quantum hardware required for practical testing and improvement.
Stafford Bond, Fujitsu Services Limited’s Head of Growth Investments, highlighted the project’s aspirations. “Partnering with SC Ventures on Quanta Project represents a bold step towards democratizing access to quantum capabilities,” according to him. “By combining our expertise. we aim to accelerate the practical application of quantum technologies and unlock transformative value for businesses” . “By partnering with Fujitsu, we hope to unlock quantum resources and talent on a single platform for corporates striving to scale their quantum capabilities,” continued Apurv Suri, Client Engagement & Partnerships Lead at SC Ventures.
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Powered by Fujitsu’s Advanced Quantum Hardware
Fujitsu’s cutting-edge quantum computing technology, based on multiple collaborative research projects, will support the project. One such relationship is with RIKEN, a famous Japanese research institute.
Fujitsu’s hardware roadmap includes:
- In fiscal 2026, a 1,000-qubit superconducting quantum computer is expected to start operating.
- By fiscal 2030, a superconducting quantum computer with more than 10,000 qubits or 250 logical qubits is to be developed.
Users will be able to run and evaluate their quantum applications in real-world settings with this robust hardware infrastructure, which will supply the backend processing power. Quanta Project, which combines the technological leadership of Fujitsu with the financial know-how of SC Ventures, is well-positioned to accelerate the adoption of quantum computing in a variety of industries, including banking, and set the stage for future practical applications.
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