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Boston Federal Reserve is Evaluating More Than 30 Blockchain Networks For Digital Dollar Experiment
Summary: The Federal Reserve Bank of Boston is looking for 30 to 40 different blockchain networks to evaluate the possibility of building the digital dollar, as reported by Coindesk. The Boston Fed announced earlier this month that they were collaborating with MIT to test the tokenized version of the U.S. dollar. The two institutions are now ...
The Federal Reserve Bank of Boston is looking for 30 to 40 different blockchain networks to evaluate the possibility of building the digital dollar, as reported by Coindesk.
The Boston Fed announced earlier this month that they were collaborating with MIT to test the tokenized version of the U.S. dollar. The two institutions are now in the phase of determining the testing platforms and requirements for the project.
“I would think we’re probably looking at 30 to 40 different either open source or private solutions at a very high level first, and then doing a deeper dive into a few of them, because we’re in the early stages of this, and we want to make sure we have the broadest view possible,” Boston Fed’s Senior Vice President Jim Cunha noted.
By Lily Yang
Tags: boston fed,Digital Dollar
Link: Boston Federal Reserve is Evaluating More Than 30 Blockchain Networks For Digital Dollar Experiment [Copy]
