“This week MIT’s Digital Currency Initiative (MIT DCI) released the source code of research into smart contracts for central bank digital currency (CBDC) – PArSEC (Parallelized Architecture for Scalably Executing smart Contracts). Given the solution is designed for central banks, it is a centralized offering and sidesteps using blockchain, although it supports Ethereum smart contracts. “

“The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental PArSEC platform. PArSEC — short for "parallelized architecture for scalably executing smart contracts" — is open source and developed with central bank digital currency (CBDC) in mind. “