The International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called “Learning Coin” and only accessible within the IMF and World Bank, has a purpose to teach relevant individuals within the organizations about blockchain.
Though the coin has no real value – hence the description pseudo-token – staff members who pass educational milestones will receive the tokens which can then be redeemed for certain rewards. The purpose is to get employees to understand the applications of blockchain technology in the real world.
Source- The Quint
Static/Current Takeaways Important For SBI Mains 2019:
- World Bank President: David Malpass, Headquarters in: Washington DC, USA, Established in: 1944.
- MD of IMF- Christine Lagarde, Headquarters in- Washington DC, USA.