NPCI will do research on Blockchain and AI Tech in collaboration with IISc
The Indian Institute of Technology (IISc), located in Bengaluru, and the National Payment Corporation of India (NPCI) will work together to conduct blockchain and artificial intelligence research. The two institutions have signed a long-term agreement about this. According to NPCI, the partnership will centre on two key areas: multi-model analytics on fintech data and scalable blockchain platforms. Researchers from five IISc departments will work with NPCI on their research projects.
An extended contract has been inked between the Indian Institute of Technology (IISc), Bengaluru, and the National Payment Corporation of India (NPCI). They will collaborate to research blockchain and AI technologies. The NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research and Development will be established by both institutes in tandem.
NPCI issued a statement saying that under this partnership, the focus of both will be on scalable blockchain platforms and multi-model analytics on fintech data. In this, faculty members from 5 departments of IISc will do research on the practical challenges of Blockchain and AI along with NPCI researchers.
One of India's most prestigious and established schools for science, engineering, design, and management studies is IISc. Through their collaboration with the esteemed institute, NPCI and the institute hope to address challenging technical and engineering issues related to scalability, privacy-preserving design, neural networks, graph artificial intelligence, Large Language Models (LLM), and other areas.
India's retail payment and settlement system is run by the National Payments Corporation of India (NPCI). It was founded in cooperation with the Indian Banks Association (IBA) and the Reserve Bank of India. The NPCI was founded in that year.
State Bank of India, Punjab National Bank, Bank of Baroda, Canara Bank, Bank of India, HDFC Bank, Citi Bank, HSBC, and ICICI Bank are the ten main promoter banks of NPCI.
