The World Bank Is About to Settle a Blockchain Bond Worth $73 Million
The World Bank is expected to settle its first blockchain-based bond worth $73 Million at the end of this month.
Commonwealth Bank
The World Bank says its new debt instrument "bond-i" is the first bond to have both issuance and trading recorded on a blockchain.
Australia's federal science agency CSIRO and CommBank have trialed a blockchain payments prototype they say could save "hundreds of millions" a year.
The prototype blockchain marketplace is aimed to support sustainable development and reward landowners for protecting the environment.
Australians with disabilities may soon have an easier way to settle insurance payments, thanks to a blockchain initiative from CommBank and CSIRO.
The World Bank's blockchain bond raised $110 million AUD, and is based on a private ethereum network.
