The US Federal Reserve Bank of Boston and Massachusetts Institute of Technology (MIT) have announced that their digital dollar-focused CBDC research has concluded. The Boston Fed’s work on CBDC with MIT’s Digital Currency Initiative was known as Project Hamilton.
In Project Hamilton, the Boston Fed and MIT spent two years examining a hypothetical US digital dollar (CBDC) from technical perspectives. “Project Hamilton took critical early steps toward a deeper understanding of how money might work better for all,” said Boston Fed Vice President Jim Cunha, announcing the project's end.
Claiming to be agnostic from the very beginning about new technologies and any future policy decisions regarding USD, Cunha said the project was focused on better understanding the capabilities and limitations of different technologies to manage and transfer CBDCs.
