The National Science Foundation (NSF) awarded a $300,000 EAGER grant to the Massachusetts Institute of Technology (MIT) under the NSF Technology, Innovation, and Partnerships program (CFDA 47.084). The project aims to preserve privacy in the use of digital currencies, particularly central bank digital currencies (CBDCs), by developing cryptographic approaches such as pseudonymization, zero-knowledge proofs, and private information retrieval. The research will evaluate design choices for digital currency systems to balance user privacy with regulatory requirements, with the goal of enabling greater financial access and equity, especially for low-income and vulnerable populations. The project will leverage MIT's expertise in computing, cryptography, and financial technology to produce research papers and open-source software that can inform future CBDC design and development efforts in the public and private sectors.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 8/3/23 |