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.”
Zero-knowledge proof (ZKP), a cryptographic method invented by three MIT researchers in 1985, enables authentication of private information without revealing information that could be compromised, reports Victor Shilo for Forbes. “ZKP has the potential to protect privacy in a wide range of cases,” writes Shilo. “By implementing ZKP, businesses and society can evolve to ‘open data 2.0’ where daily transactions are completed in today’s digital economy but without disclosing unnecessary sensitive information.”
New York Times reporter Amanda Morris speaks with Eric Baker, an avid outdoorsperson with chronic debilitating joint diseases, about the GRIT Freedom chair, an all-terrain wheelchair invented by MIT researchers. “With the new chair, Mr. Baker hops curbs, hunts, visits the beach, and can cross mud, rocks and gravel,” writes Morris.
Physics World reporter Tim Wogan writes that MIT researchers used machine learning techniques to identify a mysterious “X” particle in the quark–gluon plasma produced by the Large Hadron Collider. “Further studies of the particle could help explain how familiar hadrons such as protons and neutrons formed from the quark–gluon plasma believed to have been present in the early universe,” writes Wogan.
Forbes reporter Nili Peretz spotlights MIT Sloan School of Management researchers who suggest that moments of silence in negotiations can lead to a better outcome for both parties. “We often perceive negotiation as a daunting task or fierce competition between two sides that always leaves one a winner and the other a loser,” says Peretz. “However, a brief pauses and silence can be incredibly effective in empowering negotiators to shift from a fixed pie mentality to a more reflective state of mind.”
MIT researchers have developed a transparent, degradable medical dressing that could be used to help gut wounds heal more quickly and efficiently without leaking bacteria, reports Alex Wilkins for New Scientist. The researchers “designed their dressing to work like duct tape, which is only sticky on one side,” writes Wilkins. “Once it covers the wound, it quickly forms a hydrogel, an adhesive layer that can help the wound to heal.”
A new study by Prof. David Autor examining the effectiveness of the Paycheck Protection Program found that the program ended up subsidizing business owners and shareholders more than workers, reports Stacy Cowley for The New York Times. “Jobs and businesses are two separate things,” says Autor. “We tried to figure out, ‘Where did the money go?’ — and it turns out it didn’t primarily go to workers who would have lost jobs. It went to business owners and their shareholders and their creditors.”
Fast Company reporter Daria Burke spotlights a course by senior lecturer Tara Swart that explores how to create sustainable change in the brain. “New experiences promote neuroplasticity,” says Swart. “Exposing yourself to different kinds of people, new languages, new kinds of food will promote plasticity in your brain because your brain is having to adapt to change.”
Politico reporter Alex Daugherty spotlights a study from MIT and the International Council on Clean Transportation which found “that the use of alternative jet fuels like e-kerosene in supersonic transport aircraft would still lead to an increased worsening of climate change because these faster gets burn more fuel per passenger.”
The Economist spotlights a study by MIT researchers that found that less than a third of Paycheck Protection Program (PPP) funding went to workers who would otherwise have been laid off. “Almost $366bn – 72% of funding in 2020 – went to households making more than 144,000 per year,” writes The Economist.
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.”
Using machine learning techniques, MIT researchers have detected “X particles” produced by the Large Hadron Collider, reports Rahul Rao for Popular Science. “The results tell us more about an artifact from the very earliest ticks of history, writes Rao. “Quark-gluon plasma filled the universe in the first millionths of a second of its life, before what we recognize as matter—molecules, atoms, or even protons or neutrons—had formed.”
A team of scientists from MIT and Facebook have created a new object tagging system called InfraredTags, reports Charlotte Hu for Popular Science. “InfraredTags uses infrared light-based barcodes and QR codes that embedded permanently into the bodies of 3D printed objects,” reports Hu.
TESS, a NASA mission led and operated by MIT, has discovered over 5,000 planets candidates outside of our solar system, reports Ed Browne for Newsweek. “This time last year, TESS had found just over 2,400 TOIs (TESS Objects of Interest),” says postdoctoral associate Michelle Kunimoto. “Today, TESS has reached more than twice that number – a huge testament to the mission and all the teams scouring the data for new planets.”