Saturday, January 28, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Boston Fed and MIT Post White Paper on Central Bank Digital Currency

in News
Boston fed and mit post white paper on central bank digital currency

Woman hand using mobile phone with online transaction application, Concept e-commerce and internet investment

Share on FacebookShare on Twitter

The Boston Federal reserve and the Digital Currency Initiative at the Massachusetts Institute of Technology released the findings of their initial research regarding a central bank digital currency (CBDC) last week.

“It is critical to understand how emerging technologies could support a CBDC and what challenges remain,” said Boston Fed Executive Vice President and Interim Chief Operating Officer Jim Cunha. “This collaboration between MIT and our technologists has created a scalable CBDC research model that allows us to learn more about these technologies and the choices that should be considered when designing a CBDC.”

Among the technological achievements described by the paper are the creation of the core processing engine for a hypothetical general purpose CBDC, the production of a code base capable of handling 1.7 million transactions per second and the creation of a secure resilient and flexible architecture capable of resolving almost all transactions under two seconds.

The code for the collaboration between the Boston Fed and MIT’s Digital Currency Initiative, dubbed Project Hamilton, was released on github as open source software for contributions.

“There are still many remaining challenges in determining whether or how to adopt a central bank payment system for the United States,” said Neha Narula, director of the Digital Currency Initiative at MIT. “What is clear is that open-source software provides an important way to collaborate, experiment, and implement. In addition to supporting collaboration, monetary systems benefit from transparency and verifiability, which open-source offers.”

Tags: Boston Fed and MITcentrab bank digital currencydigital currencies

Related Posts

Ford recalls 462,000 vehicles for rear camera display failure
News

Ford recalls 462,000 vehicles for rear camera display failure

Us inflation and consumer spending fall for 2  straight months
News

US inflation and consumer spending fall for 2 straight months

Intel’s ‘historic collapse’ triggers selloff in chip stocks
News

Intel’s ‘historic collapse’ triggers selloff in chip stocks

Morgan stanley penalizes employees for whatsapp breaches
News

Morgan Stanley penalizes employees for WhatsApp breaches

Fewer americans file for jobless claims last week
News

Fewer Americans file for jobless claims last week

Boeing to be arraigned in court over two max jet crashes
News

Boeing to be arraigned in court over two Max jet crashes

Ad spending on twitter falls more than 70% in dec
News

Ad spending on Twitter falls more than 70% in Dec

Bank of canada raises rates, signals pause
News

Bank of Canada raises rates, signals pause

Microsoft cloud outage impacts users worldwide
News

Microsoft cloud outage impacts users worldwide

Walmart to raise its minimum wage for u. S. Hourly workers to $14
News

Walmart to raise its minimum wage for U.S. hourly workers to $14

No Result
View All Result

Recent Posts

  • Ford recalls 462,000 vehicles for rear camera display failure
  • US inflation and consumer spending fall for 2 straight months
  • Zoom fatigue finally revives travel for in-person company meetings
  • Fast food fans may face liver damage
  • Food delivery wars: Duke professor says there’s a better way

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Editor-In-Chief – caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In