Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»BIS, Technology Advancements in Finance: Quantum, AI and Green Initiatives 2024
ADOPTION NEWS

BIS, Technology Advancements in Finance: Quantum, AI and Green Initiatives 2024

By Crypto FlexsJanuary 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BIS, Technology Advancements in Finance: Quantum, AI and Green Initiatives 2024
Share
Facebook Twitter LinkedIn Pinterest Email

The Bank for International Settlements (BIS) announced six pioneering projects for 2024 to focus on: quantum security; A.I, green finance, etc. This move demonstrates BIS’ commitment to improving the resilience and efficiency of the global financial system in an increasingly digital and environmentally conscious era.

The six projects outlined by the BIS Innovation Hub are:

  1. Project Leap (Eurosystem Center): Focused on “quantum proof” payment systems, this initiative seeks to protect financial infrastructure from potential threats posed by advances in quantum computing. The Eurosystem Center is leading this effort, emphasizing the importance of future-proofing payment systems in the digital age.
  2. Project Symbiosis (Hong Kong Centre): Leveraging artificial intelligence and big data, this project aims to transform emissions tracking in supply chains, with a particular focus on Scope 3 emissions. This initiative highlights the important role of technology in combating climate change and promoting sustainable business practices.
  3. Project Aurum (Hong Kong Centre): This project investigates privacy aspects of retail central bank digital currencies (CBDCs). It reflects BIS’s commitment to partnering with academics and privacy experts to balance digital currency innovation and user privacy needs.
  4. Project NGFS Data Directory 2.0 (Singapore Centre): This project, which aims to improve the accessibility and usability of climate-related financial data, is supported by the Network for Greening the Financial System (NGFS). It addresses the growing importance of climate risk in financial decision-making.
  5. Project Promissa: Exploring the use of distributed ledger technology, this project tests the tokenization of promissory notes, a critical component in funding international financial institutions. This highlights the potential of blockchain technology to improve the efficiency and security of financial transactions.
  6. Project Hertha (London Centre): This initiative applies network analytics to identify financial crime patterns in real-time payment systems and demonstrates BIS’s commitment to combating financial crime and strengthening the integrity of the financial ecosystem.

BIS Innovation Hub Director Cecilia Skingsley highlighted the importance of these projects, saying they reflect a commitment to the safety and efficiency of financial services in line with the principles set by G20 countries. The project builds on the completion of 12 initiatives in 2023, with eight more initiatives underway, demonstrating BIS’ proactive approach to addressing the challenges of the modern financial environment.

These projects are also consistent with BIS’s broader efforts to criticize cryptocurrencies, advocate for transparency reforms, and monitor complex securities, and further strengthen BIS’ role in promoting the stability and soundness of the global financial system.

As the financial world struggles with digital transformation and environmental challenges, BIS’ 2024 Agenda demonstrates its role as a leader in shaping the policies and infrastructure for a sustainable and secure financial future.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Dukascopy revolutionizes peer-to-peer cryptocurrency-fiat exchange through secure fiat settlement.

December 5, 2023

New York AG lawsuit, lawsuit against DCG and Genesis modified

February 10, 2024

a16z Crypto Highlights Code and Engineering Investment

October 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.