The National Payments Corporation of India (NPCI) has revealed a long-term collaboration with the Indian Institute of Science (IISc), Bangalore, to jointly explore blockchain and Artificial Intelligence (AI) technology, on 6th March, 2024. This partnership aims to foster innovation by establishing the ‘NPCI-IISc Centre of Excellence (CoE) for Deep Tech Research & Development.’
The joint efforts will concentrate on developing scalable blockchain platforms and implementing multi-modal analytics for fintech data. The collaboration involves faculty members from five departments at IISc working alongside NPCI researchers to address practical challenges in these domains.
IISc, known as India’s oldest and foremost institutions, dedicated to pioneering advanced technological research in science, engineering, design, and management. NPCI’s partnership with IISc is focused on addressing intricate technological and engineering challenges, including scalability, privacy-preserving designs, neural networks, Graph AI, Large Language Models (LLM).