Boston Fed and MIT collaborate on digital currency research

Research results on software architecture will be released as open source

Dollars

The Federal Reserve Bank of Boston is collaborating with the Massachusetts Institute of Technology on building and testing a “hypothetical central bank digital currency”.

The two- to three-year project will begin by developing a CBDC for “wide-scale, general purpose use”, the Boston Fed says.

“The objective in this phase will be to determine how to architect a scalable, accessible cryptographic platform to meet the needs of a theoretical US dollar CBDC, including stringent design requirements

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