The aim of this university institution is to address liquidity challenges in the cryptocurrency market using tools based on Artificial Intelligence.
Imperial College London, one of the most prestigious universities in the UK and the world, has joined forces with FluidAI, founded by alumni of the institution, to address several of the challenges related to liquidity in the cryptocurrency market.
Through this alliance, the London institution will support the development of a new project that will focus on solving problems related to the lack of liquidity and fragmentation in the crypto market, such as price volatility, slippage or slippage and the risks of manipulation, among others.
The alliance is between FluidAI and the academic Artificial Intelligence (AI) initiative promoted by Imperial College London, IX.
Liquidity, one of the biggest challenges in the crypto market
Peter Pietzuch, Professor at Imperial College London and Co-Director of IX, expressed keen interest in working with FluidAI to develop a solution that would leverage the capabilities of Artificial Intelligence to facilitate trading in the digital asset market. The Co-Director of IX also said that solving the problems related to the lack and fragmentation of liquidity in the crypto market will favor the adoption of crypto assets worldwide.
Pietzuch said that the collaboration with FluidAI also represents a great opportunity for the institution to continue to delve into the cryptoasset industry, to explore new technological areas and to collaborate in the development of the financial sector.
On the other hand, Ahmed Ismail, co-founder and CEO of FluidAI, stated that research and AI can help the crypto industry evolve and overcome its biggest inefficiencies. Ismail pointed out that the lack of liquidity is one of the biggest challenges affecting the cryptocurrency industry globally.
Liquidity is essential to provide stability to the cryptocurrency market, as well as to the users and traders who participate in it, ensuring that they can access fairer prices and execute large transactions quickly and at the desired prices.
Imperial College London recognises the potential of cryptocurrencies and blockchain
In addition to IX, Imperial College London has the Cryptocurrency Research and Engineering Center, an initiative funded by the institution to carry out different research projects related to the cryptocurrency industry and blockchain technology.
From this centre, Imperial College London is also tasked with designing improvements to the protocols that underpin the blockchain to help optimise the transactional capacity of crypto-asset networks and exploring new applications and use cases for these technological innovations that can solve common or real-world problems.
Imperial College London recognises that cryptocurrencies have become more than just a “current fad”, so it is important to know and understand how they work, the technology behind them and their potential.
In addition to impacting the world of payments and financial services, cryptocurrencies and blockchain are disrupting the world of telecommunications and a large number of other industries globally, the institution noted.
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