Quantum computing refers to the current theoretical use of quantum physics (quantum mechanics) in the processing and memory functions of computing. Certain properties of atoms or nuclei could allow the processing and memory functions to cooperatively function. These quantum bits, or qubits, would become the computer's processor and memory. The operating speed of qubits is much faster than current technologies permit, and as such, Quantum computing is well suited for tasks such as cryptography, modeling of data and the indexing of very large databases. A major hurdle to quantum computing is how to isolate the qubits from the outside environment. The inside of a quantum computer must be separated from its surroundings, while being accessible to load, execute and reading of information. In this report, we look at the latest advancement in Quantum computing, including work done at the world-renowned Perimeter Institute, to identify the most promising and commercially feasible technologies.