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World’s First Blockchain Bond
August 16 , 2018
2166 days
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- The World sell the first-ever bond to be issued entirely using blockchain technology.
- The technology is most often associated with cryptocurrencies — like bitcoin which often raise suspicion about their reliability and volatility, as well as their use for criminal purposes.
- The transaction is the brainchild of the World Bank’s innovation lab together with the Commonwealth Bank of Australia.
- use of blockchain will improve transparency, since it is public, and cut down on transaction time since the bonds eventually will be exchanged instantaneously for cash.
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