L3COS, the world's first quantum-safe blockchain-based operating system for governmental and regulatory oversight, has appointed Mark Lyall Grant as a member of its advisory board.

He will provide strategic advisory services and counsel to senior management as it engages with sovereign institutions and regulatory authorities around the world.

Currently a visiting professor at King's College London, Grant is a former civil servant and diplomat who held the senior position of the UK National Security Adviser from 2015 to 2017. Prior to that he was the British Ambassador and Permanent Representative to the United Nations from 2009 to 2015.

The move comes as the company has started engaging in early discussions with central banks on the ways in which the L3COS operating system can provide central banks with a secure Central Bank Digital Currency.

Zurab Ashvil, the chief executive and founder of L3COS, said: "Sir Mark's addition to the team comes at the right time as central banks fully explore how they might integrate blockchain technology into the fabric of the global financial system.

"His undeniable insight gained from his many senior roles within government will afford L3COS the insight and knowledge we need to tailor the L3COS solution to the needs of central banks and other leading global financial institutions."

Grant added: "It is clear that one of the key drivers of future economic growth will be the secure digitisation of large parts of major economies, creating greater efficiency and productivity.

"The COVID-19 crisis is already further accelerating this trend," he continued, concluding: "L3COS has spent six years building a unique quantum-safe technology with rich functionality, which can play a central role in supporting digitisation for governments, businesses and individual citizens."

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