ISSUANCE OF THE FIRST BOND ON A GLOBAL LEVEL USING BLOCKCHAIN TECHNOLOGY

in #blockchain6 years ago

This week we had a shower of news about the implementation of blockchain technology in different projects applicable to daily life.



SOURCE

News that came from countries such as Australia and its subsidies to companies in the tourism sector and the agricultural sector. Countries like Dubai that support blockchain technology without reservation have created their own national cryptocurrency and start a major project to transform their judicial system.

Reports from the Government of Canada stating that the creation of a national cryptocurrency will improve trade and the economy of Canada and the United States.

Also in the United Kingdom, one of the pioneer companies in using cryptocurrencies to send remittances will implement a cryptocurrency exchanger due to the repeated requests of its users.

In this article I want to share the news about the first bond issue worldwide using blockchain technology. It has been the World Bank that has ordered the largest bank in Australia, the Commonwealth Bank of Australia (CBA), this first issue.



FUENTE

It is still not decided what will be the blockchain platform that will be used although Microsoft could be one of the alternatives that are being considered for this purpose.

There are many advantages of the use of blockchain technology in many industries. In the financial sector, the advantages are the simplification of the raising of capital, the acceleration of operations and the transfer of capital, and the improvement of supervision by regulatory entities.

Source of information:
cointelegraph.com

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Great article! I hope they look at IBM (link below) they have a system that already has bond's issuance and with Hyperledger as their main product they are a great company in the space.

https://www.ibm.com/us-en/marketplace/7653

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