The International Settlement Bank calls for the adoption of blockchain-based sustainable financial solutions.

According to BlockBeats news on September 11th, the Bank for International Settlements (BIS) has launched an initiative calling for sustainable financial solutions using blockchain, artificial intelligence, and the Internet of Things (IoT). The initiative outlines three key issues to be addressed, including the application of artificial intelligence to strengthen reporting, verification, and disclosure mechanisms in the financial services industry; the potential of blockchain technology to audit and enhance sustainable financial transparency, traceability, and accountability; and the encouragement of integrating IoT and sensor technology into sustainable finance to ensure wise assessment of impact, risk, or compliance.