World Bank issues bond on the blockchain.

Commonwealth Bank of Australia is managing the issuance of a World Bank bond exclusively using a blockchain platform. The World Bank, which issues around US$60 Billion annually for the purposes of funding projects in ‘developing’ countries, used the CBA to issue the bond as Australia is pioneering the use of blockchain technology to settle financial transactions thus mitigating the archaic paper-based custodian system.

 

image courtesy of Pixabay.com

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