Crypto and blockchain technology research and development take a significant leap forward with Project Atlas, a collaborative initiative involving the Bank of International Settlements (BIS) and central banks within the Eurosystem.
In partnership with De Nederlandsche Bank and the Deutsche Bundesbank, the BIS Innovation Hub Eurosystem Centre has embarked on a proof-of-concept (PoC) project aimed at unraveling the intricate economic implications of digital assets and decentralized finance (DeFi).
In an announcement, the BIS said this pioneering project seeks to streamline the collection of data from diverse cryptocurrency exchanges and public blockchains, employing a multifaceted approach to data gathering, standardization, and macroeconomic analysis.
Project Atlas’ Comprehensive Approach
Project Atlas is poised to revolutionize the way we gather insights into the cryptocurrency ecosystem. At its core, this endeavor is dedicated to harmonizing the collection of both on-chain and off-chain data, providing policymakers and central banks with a comprehensive overview of the rapidly evolving digital currency landscape.
Currently, the Project Atlas dashboard offers a glimpse into its data aggregation prowess, showcasing crucial information such as on-chain transfers and the global movement of funds. However, its true power lies in its…
