The Responsible Fintech Institute, in collaboration with the crypto storage provider Safeheron, has initiated an international pilot project aimed at safeguarding digital transactions from quantum threats. Joining this initiative are Bison Bank and DK Bank, while regulators from Abu Dhabi, Bhutan, and Malta will observe the project at its early stages.
Participants will experiment with the creation of wallets and on-chain transfers on the NEAR test network, utilizing Multi-Party Computation (MPC) and the post-quantum digital signature algorithm ML-DSA-65 developed by NIST. Upon completion of the pilot, the organizers plan to release a technical report and subsequently make the protocol's source code available to the public.