Quantum Crypto-Economics: Blockchain Prediction Markets for the Evolution of Quantum Technology

12 Pages Posted: 17 Mar 2021

See all articles by Peter P. Rohde

Peter P. Rohde

University of Technology Sydney

Vijay Mohan

RMIT University

Sinclair Davidson

RMIT University

Chris Berg

RMIT University

Darcy W E Allen

RMIT University

Gavin Brennen

Macquarie University

Jason Potts

RMIT University

Date Written: January 31, 2021

Abstract

Two of the most important technological advancements currently underway are the advent of quantum technologies, and the transitioning of global financial systems towards cryptographic assets, notably blockchain-based cryptocurrencies and smart contracts. There is, however, an important interplay between the two, given that, in due course, quantum technology will have the ability to directly compromise the cryptographic foundations of blockchain. We explore this complex interplay by building financial models for quantum failure in various scenarios, including pricing quantum risk premiums. We call this ‘quantum crypto-economics’.

Keywords: Blockchain, Quantum technology, Quantum crypto-economics

Suggested Citation

Rohde, Peter and Mohan, Vijay and Davidson, Sinclair and Berg, Chris and Allen, Darcy and Brennen, Gavin and Potts, Jason, Quantum Crypto-Economics: Blockchain Prediction Markets for the Evolution of Quantum Technology (January 31, 2021). Available at SSRN: https://ssrn.com/abstract=3777706 or http://dx.doi.org/10.2139/ssrn.3777706

Peter Rohde (Contact Author)

University of Technology Sydney ( email )

15 Broadway, Ultimo
PO Box 123
Sydney, NSW 2007
Australia

Vijay Mohan

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Sinclair Davidson

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Chris Berg

RMIT University ( email )

124 La Trobe Street
Melbourne, 3000
Australia

Darcy Allen

RMIT University ( email )

440 Elizabeth Street
Melbourne, 3000
Australia

Gavin Brennen

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Jason Potts

RMIT University ( email )

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