MicroCloud Hologram Inc. (NASDAQ: HOLO) announced the development of state-based imaginary-time evolution quantum simulation technology, according to a company press release. The technology aims to address ground state computation challenges in quantum systems.

The method uses controlled swap gates and measurement operations to simulate non-unitary imaginary-time evolution without requiring classical computation or quantum state tomography processes. The company states the approach achieves ground state approximations with error rates below 0.001 in simulation experiments for small quantum systems.

The technology differs from traditional quantum phase estimation methods by using fewer auxiliary qubits and avoiding classical post-processing requirements. Circuit depth scales linearly with system size, which the company claims provides noise robustness for current quantum hardware.

MicroCloud Hologram operates as a technology service provider focused on holographic technology applications including LiDAR solutions and holographic imaging. The company also develops quantum computing and quantum holography technologies.

The Shenzhen-based company reports cash reserves exceeding $390 million and plans to invest over $400 million in blockchain development, quantum computing research, and related technologies including artificial intelligence and augmented reality.

The announcement represents the company's expansion into quantum simulation capabilities as part of its stated goal to become a leader in quantum holography and quantum computing technologies.