Today Everis, Part of NTT Data, announced Project Fire which will explore the use of hardware devices that allow consumers to hold central bank digital currencies (CBDC). Other participants in the project include the Bank of England, British Standards Institution (BSI), University College London (UCL), and the University of Edinburgh.
UCL is home to the multi-university PETRAS National Centre of Excellence for IoT Systems Cybersecurity, which is funding the project.
The project is more about thought leadership than designing a specific solution for the UK’s CBDC, where a decision on a sovereign digital currency has not yet been made.
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