Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Dociko on October 07, 2020, 06:28:25 AM
-
The Bank of Thailand has issued the world’s first blockchain-based government savings bond platform.
The Bank of Thailand launched the world’s first blockchain-based government savings bond issuance platform using IBM’s blockchain technology.
Within two weeks of the launch, the central bank sold more than $1.6 billion worth of savings bonds, as per IBM’s official announcement on Oct. 5, 2020.
The use of blockchain technology is said to have reduced the bond issuance time from 15 days to just two days. The increased efficiency of the process has also reduced operational cost and redundant validation of documents involved in bond issuance.
Details: https://cointelegraph.com/news/thai-central-bank-issues-1-6b-in-government-bonds-on-ibm-blockchain