 The simulator was modeled on the hardware being developed by the University of New South Wales and made accessible as part of the bank’s internal cloud-based systems, allowing developers to design and evaluate software and algorithms concurrently with the hardware's on-going development.In February 2018, QxBranch demonstrated a quantum deep learning network that simulated the 2016 US Presidential Election, resulting in slightly improved forecasts of the election outcome over those of forecasting site Five Thirty Eight.In April 2018, IBM announced a collaboration with QxBranch and other companies for research access to its IBM Quantum Experience quantum computers.