The world Bank releases the first blockchain-bonds
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Last Autumn, the world Bank President Jim Yong Kim with care about the blockchain. According to him, technology really has a great future, but before using you need to ensure its security.
Apparently, for the nine months, the organization carefully considered the technology. Now the world Bank has announced plans to issue bonds on the basis of the blockchain . About it writes .
How to use the blockchain. The Bank's experience
The Launch of the first blockchain bonds called bond-i'll take the largest in Australia banking conglomerate Commonwealth Bank of Australia. It is empowered by the world Bank. The blockchain will be used for transmission, management and distribution obligations under the new debt instrument, the report said Commonwealth Bank of Australia.
We believe that the new tool will allow you to demonstrate to financial markets that the technology of the blockchain can act as a universal platform for all its participants.
Control the blockchain-a platform through which will extend the bond-i'll do the world Bank and the US Central Bank. The partnership stated that it chose to create a new tool Ethereum blockchain, but during the development the following products are open for suggestions from other projects.
The world Bank is an international financial institution that provides financial and technical assistance to developing countries and annually issues bonds in the amount of 50 to 60 billion dollars. According to representatives of the organization, then the blockchain will simplify the process of distribution of capital and speed up operational processes.
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