Bank of England · Awarded contract

Awarded

Bank of England and MIT Digital Currency Initiative CBDC Research Collaboration

Awarded 01 Feb 2022

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Awarded01 Feb 2022

Value£75,000.00

SupplierMassachusetts Institute of Technology

AgencyBank of England

RegionUnited Kingdom

CategoryResearch & Development

Ended 3y 9mo ago12mo term

Awarded 1 Feb 2022Expired 31 Jan 2023

About

Bank of England awarded a contract to Massachusetts Institute of Technology for a twelve-month research project on Central Bank Digital Currency (CBDC), partnering with the MIT Media Lab's Digital Currency Initiative (DCI) team to explore potential technical challenges, trade-offs, opportunities and risks involved in designing a CBDC system.

The collaboration formed part of the Bank's wider research and exploration into CBDC, focused on exploration and experimentation of potential technology approaches, and was not intended to develop an operational CBDC.

The contract value was £75,000.

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