BIS Innovation Hub Announces New Projects And Expands Cyber Security And Green Finance Experiments

  • Eurosystem Centre projects will explore cryptocurrency markets, the implications of post-quantum cryptography for payment systems and climate-related disclosures.
  • Cyber security project will include partnership with Israel’s central bank.
  • Hub expands green finance and regtech/suptech portfolio

The Bank for International Settlements (BIS) Innovation Hub is announcing today a new set of projects across its various centres, updating its 2022 work programme. They include the first three projects of the upcoming Eurosystem Centre and the first comprehensive explorations in cyber security.

The Eurosystem Centre is expected to open in the coming months, with locations in Frankfurt and Paris and working together with all 19 euro area central banks and the European Central Bank.

The Innovation Hub will also expand its portfolio in the areas of green finance and supervisory and regulatory technology (regtech and suptech). The first three Eurosystem Centre projects are:

Cryptocurrency market intelligence platform

The collapse of many stablecoins and decentralised finance (DeFi) lending platforms has highlighted the difficulty in assessing their risks and economic potential. One reason is that most data on asset backing, trading volumes and market capitalisation is self-reported by unregulated firms. Individual datasets and commercially available solutions do not provide comprehensive insights and lack transparency. The project’s goal is to create an open-source market intelligence platform to shed light on market capitalisations, economic activity, and risks to financial stability. 

Post-quantum cryptography: securing the privacy of payments systems 

Quantum computers may be capable of breaking the cryptography used by central banks and the private financial sector to secure payment and settlement systems. This threatens the confidentiality and could undermine the integrity of payments systems. Given the long-term sensitivity of financial data, this…


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