Coinatory

If the World Bank wants to keep up with the times, it needs to use the huge potential of the blockchain. This was stated by World Bank President Jim Yong Kim at the annual meeting of the IMF. The head of the organization recalled that in August the World Bank issued the first bond, which was created, placed and transferred via the blockchain. The experiment was successful, therefore, as noted by World Bank Treasurer Aruna Oteh, the bank will continue to look for ways to use new technologies to make financial markets safer and more ... Read more about " World Bank: the potential of blockchain should be used " on coinatory.com

The World Bank instructed Commonwealth Bank of Australia to issue the world"s first blockchain bonds, according to the bank"s PR service. The bonds will be created, placed, transferred and managed only with the help of distributed ledger technology, the bank said. The same technology underlies cryptocurrency and records all transactions reliably. For the new financial product, the designation bond-i was chosen. The operations will start on a certain platform, but in the future, the World Bank does not exclude that the placement ... Read more about " The World Bank to issue first blockchain bonds " on coinatory.com