Project Atlas is a collaborative initiative between the Bank of International Settlements (BIS) and central banks within the Eurosystem, aimed at researching and developing crypto and blockchain technology. The project seeks to streamline the collection of data from diverse cryptocurrency exchanges and public blockchains, providing policymakers and central banks with a comprehensive overview of the digital currency landscape.Project Atlas is poised to revolutionize the way data is gathered from the cryptocurrency ecosystem, harmonizing the collection of both on-chain and off-chain data. The dashboard offers a glimpse into its data aggregation prowess, showcasing information such as on-chain transfers and the global movement of funds.The BIS Innovation Hub, a driving force behind this initiative, has emphasized the importance of the proof-of-concept in bridging the transparency gap within the sector. Through the integration of off-chain data from cryptocurrency exchanges and on-chain data from public blockchains, Project Atlas aims to provide much-needed clarity.Project Atlas represents a groundbreaking venture into the uncharted territory of digital assets and DeFi. Its multifaceted approach to data collection and analysis holds the promise of illuminating the crypto ecosystem’s economic implications, offering regulators and central banks a vital tool in their quest for financial stability and innovation.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇳🇱 🇩🇪 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 10 |
| People | Project Atlas., BIS Innovation Hub Eurosystem Centre, Deutsche Bundesbank, BIS, De Nederlandsche Bank |
| Companies | BIS Innovation Hub Eurosystem Centre, Bank of International Settlements, Deutsche Bundesbank, BIS, De Nederlandsche Bank |
| Currencies | None |
| Securities | None |
