It builds proofs-of-concept and prototypes using new technologies. In addition, the flying car can transform itself to fold its wing in only three minutes by pushing a button. The founder of the company said their car realizes science fiction. It took only 35 minutes to fly 90km between the airports of two cities in Slovakia. “The hub is not a think tank, it is a laboratory. Prototype flying car which was made by the company called Klein Vision had a test flight. Next year, 22 industry heavyweights including Goldman Sachs and HSBC will pilot this multi-CBDC platform (called the mBridge project) across multiple jurisdictions. Earlier this year, the Hong Kong innovation center’s work on a prototype involving multiple CBDCs showed that digital currencies and distributed ledger technology could potentially facilitate cheaper and safer cross-border payments.
The Department of Defense is seeking ideas for a. Wing-in-ground craft first popped up during the Cold War, but never really took off. The NYIC will join the growing list of BIS innovation hubs, which already includes Singapore, Switzerland and Hong Kong. DARPA Wants to Build a Soviet-Inspired Flying 'Sea Monster'. The Ho 229 was a radical departure from modern aircraft design, and had it been rolled out, could have change the the outcome of the war, the way we design planes today and even led to something far more sinisterThis is the original flying wing, the Horten 229.As BBC Future noted. “But could also include work specific to stablecoins and cryptocurrencies and other areas that might be relevant from our perspective,” Zelowitz said. Horten Ho 229 Flying Wing Jet Fighter Prototype 3D Animation. CBDCs are a critical area of focus, according to Zelowitz. Zelowitz said during the virtual event that one of the five focus-areas, the Future of Money, relates to the center’s work on digital currencies. The NYIC will be led by PricewaterhouseCoopers (PWC) alum Per von Zelowitz, who joined the New York Fed in July. “In particular, the partnership will support our analysis of digital currencies, including central bank digital currencies, help to improve our current payment system, with a particular focus on making cross-border payments faster and less expensive,” Powell said.Īccording to the announcement of the launch, the NYIC plans to focus on five so-called opportunity areas: Supervisory and Regulatory Technology, Financial Market Infrastructures, Future of Money, Open Finance, and Climate Risk.