Bond. Blockchain Bond.

About two weeks ago, the World Bank announced that it has ordered the creation of a blockchain-based bond. This is more exciting than the first sentence would you have you believe. The World Bank issues tens of billions (yes, billions) of dollars in bonds each year. The Commonwealth Bank of Australia (CBA) will be facilitating the creation of the Blockchain Offered New Debt Instrument (bond-i) which will be issued and distributed on a private Ethereum blockchain. Both the World Bank and CBA will operate and manage the blockchain which will be used in the global creation, allocation, transfer and management of bond-i.

+1 for blockchain adoption.

#blockchain #finance

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