smart contract

The Bank for International Settlements and the New York Federal Reserve have launched Project Pine to test smart contract tools, exploring the application of tokenized monetary policy

ChainCatcher news, according to Cointelegraph, the Bank for International Settlements (BIS) has partnered with the Innovation Center of the Federal Reserve Bank of New York to conduct research testing a tokenized monetary policy toolkit based on smart contracts. This experiment, named Project Pine, aims to explore how blockchain technology can help central banks achieve rapid policy responses in future tokenized financial systems.According to a report released by the BIS on May 15, the research team developed a prototype of a "universal customizable tokenized monetary policy toolkit" and validated its flexibility in hypothetical scenarios. The results showed that central banks could instantly adjust policy tool parameters, such as collateral standards and interest rates, and complete the substitution of liquidity collateral and non-liquid collateral within 10 minutes.The BIS emphasized that if currency and securities tokenization are widely adopted, smart contracts will become the core technology for implementing monetary policy. This framework allows central banks to "instantly" deploy new facilities, such as adjusting reserve interest rates or providing liquidity support, enabling rapid responses to crises like declines in collateral value. The report stated that this speed and flexibility provide central banks with new ideas for addressing "emergencies and rapidly evolving risks."However, the report also pointed out the limitations of the current financial infrastructure. Most traditional systems are not yet compatible with advanced use cases like smart contracts, and central banks may face challenges in advancing technological integration. The testing of Project Pine used the Ethereum ERC-20 token standard and combined it with another "access control" standard to ensure compliance.In recent years, financial institutions have accelerated their layout of tokenization technology. At the Consensus 2025 conference, Joseph Spiro, Director of Digital Asset Products at the Depository Trust & Clearing Corporation (DTCC), stated that stablecoins are an "ideal" tool for real-time collateral management in transactions such as loans or derivatives. This collaboration between the BIS and central banks further confirms the trend of exploration of blockchain technology in the traditional financial sector.

The global pre-sale of the decentralized AI protocol ORA is about to launch, officially starting on April 15 at 11:00 Dubai time

ChainCatcher message, the decentralized AI protocol ORA launched by four.meme announced today that its global pre-sale event will officially start at 11:00 AM Dubai time on April 15, 2025 (GMT+4). This pre-sale will be conducted through smart contracts, adopting a fair launch mechanism, and the ORA token will be open for subscription to the community.According to official disclosures, the ORA platform presents three core highlights:Technological breakthrough: The world's first AI protocol to achieve on-chain deployment of models such as GPT-5 and DeepSeekEconomic innovation: The first to introduce the "data contribution blind box" mechanism, allowing users' AI behaviors to be converted into token rewardsEcological layout: Technical support and a liquidity injection of tens of thousands of dollars have been secured"ORA is building a fundamental value bridge between AI and blockchain," said the project initiator, "This pre-sale is not only a financial activity but also an important opportunity for the global community to participate in the democratization of AI."Industry insiders analyze that the unique "AI learning + full-chain interoperability" architecture of the ORA protocol will address the current issues of data monopoly in the AI industry and the fragmentation of the Web3 ecosystem. The project's testnet phase has already attracted over 50,000 developers, with daily AI call volumes exceeding 300,000.
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