The Yang-Baxter equation refers to a consistency equation which is based on the concept that particles may preserve their momentum while changing their quantum internal states in some scattering situations. It plays a significant role in theoretical physics and has numerous uses in various areas, ranging from condensed matter to string theory. The Yang-Baxter equation is linked to the universal gates from quantum computing and realizes a unification of some non-associative structures. The quantum Yang-Baxter equation led to the development of the theory of quantum groups. The theory was proposed as the language of quantum groups which is the suitable algebraic language for the solutions of quantum Yang-Baxter equation. This book aims to shed light on some of the unexplored aspects of Yang-Baxter equation and quantum groups. It presents researches and studies performed by experts across the globe. This book will serve as a reference to a broad spectrum of readers.