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Project Hamilton: The Federal Reserve Bank of Boston and The MIT Digital Currency Initiative

Based on the recent release of our Web3 Cyber Incident Database, we continue with our brief survey of crypto and digital currency initiatives from around the globe, all of which are officially sanctioned to enhance national competitive advantage (in the event crypto overtakes the US dollar as the global reserve currency).  It is the cumulative adoption rate of state-sanctioned crypto and digital currency legalization and regulation that will propel this innovative system for value exchange as a global currency standard.

In previous posts, we provided an analysis of crypto and digital currency initiatives in El Salvador, Panama, Ukraine, India, Argentina, and Russia.  Today we provide an analysis of the major central bank digital currency (CBDC) initiative in the U.S., Project Hamilton, which is a technical collaboration between the Federal Reserve Bank of Boston and The MIT Digital Currency Initiative.

As OODA CEO Matt Devost noted in his recent post, Is Bitcoin a National Security Risk?, “the Biden Administration is set to release an Execute Order (EO) articulating national security concerns associated with Bitcoin and other cryptocurrencies.”  Project Hamilton is a major applied basic research project which will inform some of the actionable and directional components of the EO when released.

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You can chose to be an OODA Loop Subscriber or an OODA Network Member. Subscribers get access to all site content, while Members get all site content plus additional Member benefits such as participation in our Monthly meetings, exclusive OODA Unlocked Discounts, discounted training and conference attendance, job opportunities, our Weekly Research Report, and other great benefits. Join Here.

Daniel Pereira

Daniel Pereira

Daniel Pereira is research director at OODA. He is a foresight strategist, creative technologist, and an information communication technology (ICT) and digital media researcher with 20+ years of experience directing public/private partnerships and strategic innovation initiatives.