World Bank’s Blockchain-Based Bonds — A Step Toward Adoption?

[ad_1] In what is being called a world first, the World Bank has ordered the creation of a blockchain-based bond through Australia’s Commonwealth Bank (CBA). It marks a very clear move by some of the world’s most influential financial institutions to start leveraging blockchain technology to improve their offerings. CBA has already developed the blockchain-based system, using a private Ethereum blockchain. The Blockchain Offered New Debt Instrument (bond-i) will be