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Bank of Canada partners MIT on CBDC research
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The Bank of Canada has spent several years working with the country's commercial lenders to explore the creation of a DLT-based CBDC.
Last year, it said that its work on a potential digital loonie has accelerated because of the Covid-19 pandemic and its impact on cash usage.Nevertheless, the bank continues to insist that "no decision has been made" on whether to roll out a CBDC.For the MIT team, the work will build on research carried out with the Federal Reserve Bank of Boston.This ongoing initiative, has already produced research showing a system capable of handling 1.7 million transactions a second, without using distributed ledger technology.
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