How Pixelpai aligns with BIS principles for a revolutionary financial internet

As we touched upon last week, the financial landscape is undergoing a radical transformation. The Bank for International Settlements (BIS) has outlined a visionary set of principles for what it calls the “Finternet” – a future financial internet that integrates Distributed Ledger Technologies (DLT) to foster more efficient, inclusive, and robust financial systems. At Pixelpai, we are not just participants in this transformation; we are pioneers. As the BIS suggests, there is no single path to building a Finternet centred around tokenised financial architectures and distributed ledgers. Policymakers will face many choices, including those relating to distributed ledgers’ scope, technology, access and ownership. Jurisdictions will naturally differ in their approaches, reflecting their own unique circumstances. However, in the view of the BIS, some characteristics are non-negotiable and the BIS outlines 8 design principles that must be adhered to, so that distibuted ledgers can achieve a balance between robust governance and operational efficiency, while fostering an environment ripe for innovation and growth.

Here is how Pixelpai aligns our operations and innovations with those eight principles:

  • Users at the centre: Pixelpai places users at the core of our innovations. Our DLT and AI-integrated platform is designed to prioritize user needs and preferences, providing access to a wide range of financial services that are affordable and user-friendly. From seamless digital transactions to empowering underserved communities, our focus remains steadfast on enhancing user experience and access.
  • Interoperability: In a world of diverse financial systems, interoperability is crucial. Pixelpai ensures smooth inteaction with various DLTs and traditional financial systems, facilitating a seamless flow of value and information across different financial landscapes. We find this capability critical in creating a cohesive, functional, and expansive financial network.
  • Evolvability: Technology evolves, and so do we. Pixelpai’s platform is built to adapt to future technological advancements while maintaining compatibility with existing systems. Our forward-thinking architecture allows us to integrate innovations swiftly and effectively, ensuring that we are always at the cutting edge of technology.
  • Modularity: Our platform’s modular design allows for flexibility and scalability, it is, indeed “distributed”. Each component can be independently modified or upgraded, minimizing disruptions and facilitating continuous improvement. This approach not only enhances system robustness but also enables personalized adaptations to meet diverse user demands.
  • Scalability: As the network of users grows, our platform scales efficiently to handle increased demand without compromising performance. Pixelpai is designed to support a significant expansion in user numbers and transaction volumes, ensuring reliability and responsiveness at every scale.
  • Fostering competition: We embrace open finance, decentralization, competition and innovation within the Finternet framework. Our platform fosters a healthy competitive landscape, reducing costs and promoting diversity. We align with global and local standards, evolving alongside initiatives like the European blockchain infrastructure and self-sovereign identity standards
  • Inclusiveness and accessibility: Financial inclusivity is at the heart of Pixelpai. Our technology is accessible across various devices and designed to serve diverse sectors. We strive to break down barriers to financial services, making them more accessible and affordable for everyone, everywhere and emerging markets is a particular focus area for us.
  • Security and privacy: Security and privacy are paramount in our operations. Pixelpai employs advanced security measures, including encryption and multi-factor authentication, to protect user data and transactions. Our commitment to these principles ensures that our platform is not only powerful but also trustworthy and secure.

At Pixelpai, we are more than just a business; we are enablers of a new financial paradigm. By aligning our technologies and strategies with the BIS principles, we are crafting a platform that is not only fit for today’s challenges but also adaptable to tomorrow’s opportunities.

Join us as we pave the way to a more connected, efficient, and equitable financial future and stay tuned to our blog and social media for more insights and updates as we continue to explore and implement groundbreaking technologies that define the financial internet of tomorrow.