Cryptocurrency | July 12, 2022 Judith McCoyJudith McCoy (https://www.trustabletech.org/what-is-a-quantum-financial-system- qfs-blockchain)
The Quantum Financial System, or QFS for short, has become a popular technical term, especially within the finance industry. As digital technology has grown in popularity, cybercrime has also increased significantly. As we become more dependent on digital media, cyber criminals stand a greater chance of getting away with unfair practices.
It comes as no surprise that banks, as well as other financial institutions, are the most common targets of cybercrime. Consequently, many banks have updated their procedures and systems in an effort to prevent such crimes from occurring. It follows that financial institutions are finally taking advantage of the new technologies available to help them meet the expectations of their customers.
In this situation, QFS saves the day. The future-proof system is hailed as the way forward for all financial transactions. The program is not designed to run on a conventional computer but rather on a satellite-based quantum computer. Quantum Financial System is heavily secured by Secret Space Programs (SSP), providing the highest level of security.
Many experts believe quantum technology will solve issues such as security, the speed of processing, and the efficiency of data management.