Project Mandala uses zero-knowledge proofs to complete compliance checks across different jurisdictions.
The Bank for International Settlements (BIS) and its central bank partners have demonstrated that regulatory compliance can be embedded into cross-border transaction protocols through Project Mandala.
The project is a collaboration involving central banks worldwide, including the BIS Innovation Hub Singapore Centre, the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia and the Monetary Authority of Singapore (MAS).
On Oct. 28, the BIS updated its page for Project Mandala, highlighting that the project has reached its proof-of-concept stage.
