The World Bank plans on creating a new Bond for Blockchain (1 Viewer)

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Laron

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For those wondering if cryptocurrency is still a good idea to invest in, this news is an important event. The World Bank just announced that it has hired one of Australia’s largest banks to handle the “first bond globally to be created, allocated, transferred and managed” using a blockchain. That’s a green flag in terms of solid sign that the technology is going mainstream.

What is blockchain? It’s a technology containing a growing list of records called blocks, which are linked using cryptography. Another way to look at this, is that it’s a database of encrypted agreements. For example, once a deal is made, neither party can reverse or rewrite the terms. It can also serve as a ledger or bookkeeping platform that is incorruptible. It enforces transparency and bypasses censorship. In turn, this tackles the issues many of us know about with political, financial and institutional corruption. So the technical does have the potential to create a huge social change.

Blockchains are widely used by cryptocurrencies, but also with other projects.

Remote viewer Dick Alguire talks about this news with the world bank in a short YouTube video below on his Cryto Viewing channel.



You can also find a short article over on MIT Technology Review about this: https://www.technologyreview.com/th...ank-is-betting-big-on-blockchain-based-bonds/. "The “bond-i”: The World Bank, which issues between $50 billion and $60 billion annually in bonds to fund sustainable development in emerging economies, believes that blockchain technology can make the process more efficient by reducing the number of necessary intermediaries. The bank did not say when the new “blockchain operated new debt instrument” (apparently named after a famous Australian beach) will launch, but investor interest “has been strong,” according to a press release.”

Not that I have any idea what I am talking about when it comes to the financial scene, when this launches we may see a rise in the value of cryptocurrencies.
 
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