G20 TechSprint 2022

The third and 2022 TechSprint was a partnership between the BIS Innovation Hub and Bank Indonesia.

The third and 2022 TechSprint was a partnership between the BIS Innovation Hub and Bank Indonesia.

It focused on solving technology challenges related to wholesale and retail central bank digital currencies (CBDCs).

Key challenges identified in this year's TechSprint include:

• Building effective and robust means to issue, distribute and transfer CBDCs. There is a need to optimise various processes. New capabilities, such as programmability of money, could also result in provisioning of new and innovative services to customers.
• Enabling financial inclusion: CBDCs also offer an opportunity to deepen financial inclusion and to overcome barriers facing the unbanked and underbanked. 
• Improving interoperability: CBDCs can help to improve and enable connections and linkages in payment systems, enhancing connectivity and interoperability.

For winners of this year's TechSprint, see here.