Thai reserve bank concerns $1.6 B in federal government bonds on IBM blockchain
The Bank of Thailand released the world’s very first blockchain-based federal government cost savings bond issuance platform utilizing IBM’s blockchain technology.Within 2 weeks of the launch, the main bank offered more than$1.6 billion worth of cost savings bonds, as per IBM’s main statement on Oct. 5, 2020. IBM along with the main bank teamed up with 7 other organizations consisting of Public Debt Management Office, Thailand Securities Depository Co., Thai Bond Market Association and 4 other banks.The Bank of Thailand might quickly extend the usage of blockchain innovation throughout all other government-issued bonds for wholesale and retail investors.The Thai main bank has actually been actively included in the blockchain and cryptocurrency area. In June, the bank introduced a pilot test for its main bank digital currency– the digital baht– to evaluate it with massive business.
