School of Architecture and Planning

Reuters reporter Jonnelle Marte writes that researchers from MIT’s Digital Currency Initiative and the Federal Reserve Bank of Boston have developed two different approaches to processing transactions in a hypothetical digital currency. “The first phase of the multi-year project, dubbed ‘Project Hamilton,’ resulted in code that is capable of handling 1.7 million transactions per second,” writes Marte. “Researchers also found the ‘vast majority’ of transactions settled in under two seconds.”

Bloomberg reporter Allyson Versprille spotlights how researchers from MIT and the Federal Reserve Bank of Boston have released a new paper and open-source code, called OpenCBDC, aimed at furthering understanding of how a hypothetical central bank digital currency might be developed. Of the importance of making the software open-source, Neha Narula, director of the MIT Digital Currency Initiative, explains that “we believe that this is the best way to ensure that OpenCBDC is vetted by a large number of people--all of whom will bring unique knowledge, skills, and ideas for improvement.”

Researchers from MIT and the Federal Reserve Bank of Boston have released a new paper and open-source code to help further understanding of how a hypothetical central bank digital currency might be developed, writes Tory Newmyer for The Washington Post. Neha Narula, director of the Digital Currency Initiative, explains that they aimed to “create a flexible system that can work with a variety of models.”

Boston Globe reporter Jim Puzzanghera writes that researchers from MIT’s Digital Currency Initiative and the Federal Reserve Bank of Boston have developed experimental open-source software, called OpenCBDC, to help further examine a potential Central Bank Digital Currency.  Neha Narula, director of the Digital Currency Initiative, said she was optimistic that they could develop a system that “can help preserve strong privacy for users.”

Olympian Alexis Sablone ’16 will be the new head coach for the United States women’s skateboarding team in the upcoming Olympic Games, reports Michelle Bruton for Forbes. Sablone “has one of the most decorated careers of any female street skater, with seven X games medals and a 2015 World Skateboarding Championship,” writes Bruton.

Assaf Biderman ‘05, associate director of the MIT SENSEable City Lab, discusses his startup Superpedestrian, a transportation robotics company that has developed electric scooters available in over 60 cities across the world.  “I think we hit the holy grail of micromobility, which is detecting when you’re on the sidewalk every time and stopping or slowing the vehicle,” said Biderman.

Robert C. Hayden, a former MIT postdoc and staff member and a prolific author who “wanted people to learn about everyone who contributed to Black history, not just the celebrated figures,” died on Jan. 23, reports Bryan Marquard for The Boston Globe. “Mr. Hayden wrote more than 20 publications about Black history and culture, often highlighting previously overlooked achievements in scientific research, technology, and medicine,” writes Marquard.

Bloomberg reporter Chris Anstey spotlights a new study by MIT researchers that finds that during the Covid-19 pandemic people have been taking cues from their neighbors as to whether it is safe to resume social activities like dining in restaurants. “We felt that in [some] uncertain times, such information might be particularly valuable,” said Prof. Siqi Zheng. “If others think it’s safe to go out, then maybe I should feel safe. To be sure, we were also prepared for the opposite reaction, that people would hunker down and try to avoid crowds.”

WBUR On Point host Meghna Chakrabarti speaks with Prof. Amy Glasmeier about defining poverty in the United States. “There is an ‘everybody has to make it on their own’ attitude and until that changes we’re going to be caught in this bind, but I think people themselves are evolving,” says Glasmeier.

Forbes has named Raya Ani ’94, Ngozi Okonjo-Iweala MCP PhD ’81, ’78, and former postdoc Shulamit Levenberg to their 50 Over 50 list, which highlights women from Europe, the Middle East and Asia who are leading the way, reports Maggie McGrath for Forbes. “Women around the world are proving that 50 and beyond is the new golden age,” writes McGrath.

National Geographic reporter Sadie Dingfelder writes that MIT scientists are using piezoelectric materials to develop a battery-free, underwater navigation system. “There are a lot of potential applications,” says Prof. Fadel Adib. “For instance, a scuba diver could use these sensors to figure out the exact place they took a particular picture.”

Forbes reporter Christ Westfall spotlights “The Work of the Future: Building Better Jobs in an Age of Intelligent Machines,” a new book by Prof. David Autor, Prof. David Mindell and Research Scientist Elizabeth Reynolds that explores the future of work in America. “The US has allowed traditional channels of worker voice to atrophy without fostering new institutions or buttressing existing ones,” they write. “It has permitted the federal minimum wage to recede to near irrelevance.”

An international team of scholars, including MIT researchers, has published a new study exploring the history and use of letterlocking, reports William J. Broad for The New York Times. The researchers note that they hope their work prompts “novel kinds of archival research, and allows even very well-known artefacts to be examined anew.”

MIT startup Formlabs has announced a new pair of 3D printers featuring an exposure and printing speed increase that is up to 40% faster than previous models, reports Brian Heater for TechCrunch. “The Form 3+ is the next iteration designed to help users go from idea to part in hand as quickly and easily as possible,” says CEO Max Lobovsky MS ’11.

Forbes contributor Stephanie MacConnell spotlights the work of research affiliate Shriya Srinivasan PhD '20 in a roundup of women under the age of 30 who are transforming U.S. healthcare. Srinivasan is “working on technology that will enable patients to control and even ‘feel’ sensation through their prosthetic limb,” notes MacConnell.