World Bank Blockchain bond has been making a mark in the industry for a long time. Moreover, it has managed to gain the confidence of the investors since the beginning. To no surprise, it has further raised $34 million in the industry. This money has been raised for the Kangaroo bond that is due on August 2020, also called bond-i, it involves investment from the investors overseas.
Further, the managers of Bond-i are commonwealth Bank of Australia, RBC Capital markets as well as TD securities. The additional money raised will now see to it that the life cycle of the bond is observed and that one of the finest bonds this year comes into being through the means of distributed LEDGER technology.
Sophie Gilder, Head of Blockchain and AI, CBA has said that Commonwealth Bank of Australia believes that a new level of efficiency can be reached through the means of blockchain technology and that with CBA, more efficiency will be endowed with the way the blockchain system operates.
Further on, it is interesting to look at the broader picture when it comes to the endeavors of the World Bank. It has stated that raising this bond is a part of the annual efforts of the organization to reduce poverty. By taking these steps, the World bank aspires to boost productivity in the member nations and see to it that further digitization comes about.
Blockchain has become a part of the economic policies of the various countries in the past month. IBM and CBA are amongst the few known names that have been showing interest in experimenting with blockchain.
