G20 TechSprint 2022

The third and 2022 TechSprint has officially been launched by the BIS Innovation Hub and Bank Indonesia on 25 April. 

G20 TechSprint 2022

This year's TechSprint will focus on solving technology challenges related to wholesale and retail central bank digital currencies (CBDCs). Shortlisted teams will be invited to showcase their prototypes in July and winners will be chosen in October by an independent panel. 

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 more information on how to participate, visit www.G20techsprint.id.