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Topic: The World Bank issues blockchain-based bonds to improve bond issuance (Read 192 times)

newbie
Activity: 168
Merit: 0
Every big achievement needs a small starting so we will consider it like that. The World Bank is thinking something positive about the cryptocurrency market that is a very good progress so far soon the world will understand it important.
newbie
Activity: 30
Merit: 0
Great news, especially since the news source is the United States and Australia. The use of the Ethereum flowchart in this World Bank project will likely give impetus to the growth of the Ethereum rate on the crypto exchange.
hero member
Activity: 1022
Merit: 538
The World Bank has ordered the issuance of a blockchain bond through the Commonwealth Bank of Australia (CBA), which is "the world's first."

This marks the beginning of some of the world's most influential financial institutions to use blockchain technology to improve their products.

The Commonwealth Bank of Australia has developed a blockchain-based system using a proprietary Ethereum blockchain. The Blockchain Offered New Debt Instrment (bond-i) will be issued by the World Bank in Washington.

The project is led by the World Bank, which is seeking to use blockchain technology to improve its way of issuing bonds around the world.

What do you think of everyone?
This is exactly what we need for crypto space.
Blockchain technology can be something of its own without the attachment to bitcoin or any other coin but lets be honest whenever someone mentions blockchain that brings bitcoin and crypto to mind even if the topic is blockchain based bonds to improve bond issuance.

The topic of blockchain is attached to bitcoin at default no matter what the technology can be used for. Hence, I am a big supporter of blockchain being used as many places as possible, the wider and further blockchain goes, the wider and further bitcoin and altcoins will go.
newbie
Activity: 54
Merit: 0
The World Bank has ordered the issuance of a blockchain bond through the Commonwealth Bank of Australia (CBA), which is "the world's first."

This marks the beginning of some of the world's most influential financial institutions to use blockchain technology to improve their products.

The Commonwealth Bank of Australia has developed a blockchain-based system using a proprietary Ethereum blockchain. The Blockchain Offered New Debt Instrment (bond-i) will be issued by the World Bank in Washington.

The project is led by the World Bank, which is seeking to use blockchain technology to improve its way of issuing bonds around the world.

What do you think of everyone?
This is a great news, the World Bank will use blockchain because it understands that without this technology there will be no progress. I think it will convince wealthy investors that cryptocurrency is the future.
newbie
Activity: 233
Merit: 0
That will be great if there will be a role of world bank.
newbie
Activity: 32
Merit: 0
Blockchain technology becoming popular worldwide rapidly. Many comapany are now depend on blockchain technology.
newbie
Activity: 336
Merit: 0
The blockchain is evolving, as we thought of. It is the beginning of the merging of Fiat currency and Crypto market. After that, there will be a time when the crypto coins will be used very legally with authentication from every govt.
member
Activity: 749
Merit: 13
Very good news and hope more to pay, an incredible advancement in the world of crypto. The new investors will increase and the market will be more interesting.
full member
Activity: 822
Merit: 100
In the midst of bad news around, i am happy good news is also heard to cool mind of coward investors, news like this will return confidence to crypto space.
member
Activity: 470
Merit: 12
This is a very good thing to hear. Banks are trying to make their own blockchains anyway, so why some of them would not use the already existing platform? This can show people that this space full of speculations is not just about moon and Lambos, but actual working platforms can deliver and provide its decentralized network to basically anyone in the world, and it does not matter if it is an entrepreneur, company or even a bank. The blockchain is going to be a thing in the future, the only question is: will it be provided by cryptocurrencies or private networks?
full member
Activity: 434
Merit: 101
I know the great massive for all crypto are here. Let' just wait what will happen thid year how it will affects the price of the whole marketcap. Believe me banks are here to put their funds on the mainstream.
newbie
Activity: 36
Merit: 0
Hopefully, in a very short time, other institutions will start block-based activities because it is an effective way for the development of any institution and its product.
full member
Activity: 686
Merit: 131
Of course, this is good news.  It will set a good precedent for BTC ETFs to be approved in America next month.

It is inevitable that blockchain takes over the world.
It really is that much better, cheaper, and reliable way to handle data and transactions.
It also completely eliminates the need for the middleman, making everything more efficient and not as costly.

For those that have felt like crypto is over after the terrible market conditions this year, I feel they don't truly understand the basis of the tech.
Individual companies might not survive, but the tech itself is here to stay.
It was only a matter of time before it started getting implemented in the real world.

Now, as investors, we just need to wait for the snowball effect.
The rate of acceptance and implementation will be just as fast as the crashes have been.
It is important to be ready for it.
newbie
Activity: 51
Merit: 0
Many more organizations will come within the blockchain within a short time because the operation of this method carries less risk and the investors get more profit from this system.
newbie
Activity: 64
Merit: 0
That's a good news. And it's a modern technology which produce decentralized server for any kind of institution.
newbie
Activity: 168
Merit: 0
This is a welcoming news for the crypto space and we want more of this to be happening, where more financial institutions will be more engaged in the crypto space
newbie
Activity: 63
Merit: 0
There are many institution which are now shown their interest on blockchain technology and hope it will be more popular in early day.
newbie
Activity: 30
Merit: 0
Wow if world bank is going to implement blockchain technology then it will be grand. It seems like Blockchain is now reigning all over the world. I think it will make the cryptocurrency world better.
newbie
Activity: 31
Merit: 0
I have also heard this news. I was really excited after learning this matter. I hope this attempt by world bank will change many people’s mind in the world. Blockchain will gain more popularity.
newbie
Activity: 31
Merit: 0
This is really inspiring news. Blockchain is emerging day by day. I think within few years major sectors will use blockchain as underlying technology. It gives the opportunity and we should utilize it.
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