The World Bank launched ‘bond-i’, the world’s first bond to be created, allocated, transferred and managed by using distributed ledger technology. This two-year bond successfully raised 110 million Australian dollars (USD 80.48 million).
This was the first time that investors supported the World Bank’s development activities in a transaction that is fully managed using the blockchain technology from start to finish.
Source- The Reuters
Static/Current Takeaways Important for Indian Bank PO Exam 2018-
- Bond-i is a Blockchain Operated New Debt Instrument.
- President of the World Bank- Jim Yong Kim.
- Headquarters of World Bank- Washington, DC.
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