Magazine : 
NPCI and IISc Collaborate on Blockchain and AI Research
The National Payments Corporation of India (NPCI) has entered into a multi-year Memorandum of Understanding (MoU) with the Indian Institute of Science (IISc), Bengaluru, to jointly explore research opportunities in blockchain and artificial intelligence (AI) technology. This strategic collaboration will give rise to the "NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development", fostering innovation in these advanced technologies.
Vishal Kanvaty, CTO of NPCI, expressed the significance of this partnership in advancing the nation's digital sustainability goals. The collaboration aims to harness the immense potential of deep technologies like blockchain and AI to enhance the landscape of digital payments further.
The joint efforts will concentrate on the development of scalable blockchain platforms and multi-modal analytics over fintech data. Faculty members from five departments at IISc will collaborate with NPCI researchers to address practical challenges in these domains.
Navakanta Bhat, Dean of the Division of Interdisciplinary Sciences at IISc, highlighted that the partnership goes beyond research, also emphasizing professional development through workshops and training programs. The collaboration targets complex technological problems, including scalability, privacy-preserving designs, neural networks, Graph AI, Large Language Models (LLM), and more.
This collaboration signifies a crucial step in addressing challenges and driving advancements in cutting-edge technologies, contributing to the evolution of India's digital payment landscape.
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