Former UK National Security Adviser Sir Mark Lyall Grant joins L3COS as demand for blockchain solutions grow

Former senior British diplomat joins in advisory role as company starts to engage with central banks

LONDON, Aug. 13, 2020 /PRNewswire/ -- L3COS, the world's first quantum-safe blockchain-based operating system that enables full governmental and regulatory oversight, has today announced the appointment of Sir Mark Lyall Grant as a member of its advisory board. The move came as the company started engaging in early discussions with central banks on the ways in which the L3COS operating system can provide central banks in the G20 and beyond with a functioning, but fully secure Central Bank Digital Currency ("CBDC").

Sir Mark will provide strategic advisory services and counsel to the L3COS board and senior management as it engages with sovereign institutions and regulatory authorities around the world.

Sir Mark, currently a visiting professor at King's College London, is a highly regarded former civil servant and diplomat having held the senior position of the United Kingdom's National Security Adviser (2015 – 2017); prior to that he was the British Ambassador and Permanent Representative to the United Nations (2009 – 2015).

Speaking on the appointment of Sir Mark, Zurab Ashvil, the CEO 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. We are thrilled by his decision to support us at this pivotal moment in the development of L3COS.

"Nowhere is that insight better exemplified than by our recent discussions with central banks about how they can set up a CBDC and best utilise L3COS's blockchain technology that enables full governmental and regulatory oversight. It would be inappropriate to comment on the content of those discussions as they remain at an early stage; however, we are confident that the L3COS solution can help to provide a fully reliable, secure, durable, valuable and portable CBDC."