China is forming an alliance on its quantum computing patent portfolio, according to reports from Asian media.
A group of Chinese-based organizations created the Intellectual Property (IP) Alliance for Quantum Computing Industry and its affiliated patent pool in Beijing. The alliance aims to combine China’s quantum computing resource and “enhance its development, standardization and industrialization.”
Baidu, the Beijing Academy of Quantum Information Sciences (BAQIS), and other innovative entities initiated the alliance. Reports suggest there are eight members of the alliance in total and include firms and institutions that work on quantum hardware, software and applications in the quantum computing sector.
The People’s Daily reports that the patent pool will mainly focus on seven quantum fields including measurement and control, security and encryption, architecture and software, quantum error correction (QEC) and algorithms.
In addition to pooling resources, the alliance will encourage standards and promote innovation and tech development.
The Quantum Insider recently released a report about quantum technology in China. The report indicates that the country, a leader in quantum research and development, has invested between $4 billion and $17 billion in quantum technology up.
The report is free to premium subscribers to TQI’s intelligence platform and is available to preview and purchase standalone in the quantum reports section.