World Bank Launches World’s 1st Blockchain Bond

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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