After project Leap phase 1, a consortium around Deutsche Bundesbank, Banque de France and Banca D’Italia recently finalized Project Leap phase 2 – quantum-proofing payment systems: https://www.bis.org/publ/othp107.htm
From the project page:
“Protecting financial systems from the potential threat posed by quantum computers requires a proactive and coordinated approach. Challenges go beyond technical aspects and include awareness, resource allocation, competence development, inventory, pilots, governance and more.
Project Leap Phase 2, a collaboration between the BIS Innovation Hub Eurosystem Centre, the Bank of Italy, the Bank of France, Deutsche Bundesbank, Nexi-Colt, and Swift, tested post-quantum cryptography in an operational payment system.
The experiment replaced traditional digital signatures with post-quantum cryptography, while sending liquidity transfers. It involved modifying numerous system components to ensure compatibility with updated cryptographic libraries.”
Full report on Leap phase 2 to be found here: https://www.bis.org/publ/othp107.pdf
Origin of text and more information: https://www.bis.org/publ/othp107.htm
Foto von Christian Lue auf Unsplash