The World Bank has ordered the issuance of a blockchain bond through the Commonwealth Bank of Australia (CBA), which is "the world's first."
This marks the beginning of some of the world's most influential financial institutions to use blockchain technology to improve their products.
The Commonwealth Bank of Australia has developed a blockchain-based system using a proprietary Ethereum blockchain. The Blockchain Offered New Debt Instrment (bond-i) will be issued by the World Bank in Washington.
The project is led by the World Bank, which is seeking to use blockchain technology to improve its way of issuing bonds around the world.
What do you think of everyone?
This is exactly what we need for crypto space.
Blockchain technology can be something of its own without the attachment to bitcoin or any other coin but lets be honest whenever someone mentions blockchain that brings bitcoin and crypto to mind even if the topic is blockchain based bonds to improve bond issuance.
The topic of blockchain is attached to bitcoin at default no matter what the technology can be used for. Hence, I am a big supporter of blockchain being used as many places as possible, the wider and further blockchain goes, the wider and further bitcoin and altcoins will go.
