The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure.
According to a statement, Eesti Pank partnered with technology companies SW7 Group and Guardtime for the research project. It aims to see if a keyless signature infrastructure (KSI) blockchain solution can run its virtual currency program. Estonia already uses KSI blockchain technology for its e-government services. The bank’s project will also look into new payment solutions “that can be made possible by using electronic IDs and other Estonian e-government solutions.”
The project, however, will not specify which technologies should be used.
The project will consist of several phases and will last about two years. The first phase will study how to build a scalable, practical, and secure platform that meets the requirements of digital funds. At…