World Bank launched a blockchain debt bond

The issuance of this document, by the Commonwealth Bank of Australia (CBA), managed to generate about 73.1 million dollars

The World Bank recently released the first debt bond in favor of the Commonwealth Bank of Australia (CBA) managed through blockchain technology.

As indicated by the financial institution, this action represents the first step for the issuance and management of faster and cheaper transactions. Thanks to the issuance of this document to two years was achieved the collection of 110 million Australian dollars, which represents 73.1 million dollars.

“The infrastructure of the World Bank for the bonus will run in Washington DC, on the Microsoft Azure cloud computing platform. Microsoft validated the system’s operational capabilities, security and scale,” explained the director of Blockchain for CBA, Sophie Gilder, regarding the place where it will be operating.

The Australian bank explained that a private version of the ethereum network was used for this opportunity, so the bonus will use the “Blockchain Ethereum as Service (EBaaS)” modality.

K. Tovar

Source: World Bank

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