The National Payments Corporation of India (NPCI) has recently entered into a partnership with the renowned Indian Institute of Science (IISc) in Bangalore, marking the dawn of a new chapter in the realm of deep tech research. This collaboration aims to delve into the potential of Blockchain and Artificial Intelligence (AI) technology.
Under the joint initiative named “NPCI–IISc CoE for Deep Tech Research & Development,” both NPCI and IISc will embark on an intensive investigation of scalable blockchain platforms. The profound expertise and knowledge within the five different departments of IISc will be pooled together, while NPCI’s research team will provide valuable insights and support to enhance the conservation efforts.
Rather than relying on direct quotes, it’s evident that Vishal Kankhde, the CTO of NPCI, is enthusiastic about the organization’s foray into new technologies and its ability to enhance consumer experiences. This collaboration promises to cultivate cutting-edge research, highlighted by Prof Navakanta Bhat, Dean of the Division of Interdisciplinary Sciences at IISc. He expressed delight in partnering with NPCI, specifically in the areas of deep tech and fintech analytics. Prof Yogesh Simmhan, Associate Professor at the Department of Computational and Data Sciences at IISc, emphasized the potential to improve the scalability and effectiveness of NPCI’s large-scale platforms through research opportunities.
Established in 1909, the Indian Institute of Science stands as India’s premier institution for advanced scientific and technological research and education. Recognized as an Institution of Eminence by the Government of India in 2018, IISC consistently ranks among the top Indian institutions in global university rankings.
This collaboration between NPCI and IISc symbolizes a transformative step forward in exploring the boundless potential of deep tech research. The convergence of their combined expertise paves the way for groundbreaking developments in the fields of blockchain and AI, with the ultimate goal of revolutionizing consumer experiences and expanding the horizons of technological innovation.
FAQ:
1. What is the partnership between NPCI and IISc?
– The National Payments Corporation of India (NPCI) has partnered with the Indian Institute of Science (IISc) to collaborate on deep tech research, specifically focusing on blockchain and artificial intelligence (AI) technology.
2. What is the joint initiative called?
– The joint initiative is named “NPCI–IISc CoE for Deep Tech Research & Development.”
3. What will NPCI and IISc investigate?
– They will conduct an intensive investigation of scalable blockchain platforms, pooling together the expertise and knowledge from the five different departments of IISc. NPCI’s research team will provide insights and support to enhance the conservation efforts.
4. Who is Vishal Kankhde?
– Vishal Kankhde is the CTO of NPCI, and he is enthusiastic about the organization’s exploration of new technologies and its potential to enhance consumer experiences.
5. Who is Prof Navakanta Bhat?
– Prof Navakanta Bhat is the Dean of the Division of Interdisciplinary Sciences at IISc. He expressed delight in partnering with NPCI, specifically in the areas of deep tech and fintech analytics.
6. Who is Prof Yogesh Simmhan?
– Prof Yogesh Simmhan is an Associate Professor at the Department of Computational and Data Sciences at IISc. He emphasized the potential to improve the scalability and effectiveness of NPCI’s large-scale platforms through research opportunities.
Key Terms/Jargon:
– NPCI: National Payments Corporation of India, a renowned organization responsible for retail payments and settlement systems in India.
– IISc: Indian Institute of Science, India’s premier institution for advanced scientific and technological research and education.
– Blockchain: A decentralized digital ledger technology that records transactions across multiple computers in a tamper-resistant and transparent manner.
– Artificial Intelligence (AI): The simulation of human intelligence in machines, enabling them to perform tasks that would generally require human intelligence.
Related Links:
– National Payments Corporation of India
– Indian Institute of Science
The source of the article is from the blog windowsvistamagazine.es