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 …