The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph:
The multi-year collaboration between the two organizations is still in very early stages and not much information is being released to the public. Yet the focus is not on building a newer version of interbank digital ledger, but rather something that the consumers would be able to use. It is hard to estimate the required transactional throughput of such technology, but considering that the U.S. population is around 330 million and the fact that the dollar is the most widely used currency in the world (some nations have even officially adopted it), this number would have to be rather high.
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