The MIT Digital Currency Initiative has introduce a new platform — named ‘PArSEC’ — that was developed with central bank digital currency (CBDC) in mind.
- The platform could transact with such assets as bonds, tokenized securities and repurchase agreements in addition to CBDCs.
- With the power of MIT behind CBDCs, it’s only a matter of time before the technology is scalable globally.
Timeline: The platform requires “significant” amounts of continuing research, the developers said.
- They pointed to security, key management and data migration tooling as areas that require refinement. Privacy was also left as an open question. Figures.