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Q.362
- FRAMED FROM THE HINDU -SEPTEMBER 2018
Q.362
With reference to the news what is Blockchain Bond ?
A)
It is the new debt instrument issued by World Bank by using ledger technology
B)
It is a type of bond purchased by buyers interested in earning a revenue stream
from the British pound or sterling
C)
Republic of Seychelles has launched the Bond, a novel financing initiative
which taps into capital markets to fund ocean-related environmental projects
D)
It is the bond issued outside India but denominated in Indian Rupees, rather
than the local currency
Ans.
A
The
World Bank is turning to blockchain to help it raise money.
The
international lender is planning to issue what it says is the world's first
global blockchainbond, a notable mainstream endorsement of the emerging
technology.
Blockchain
is best known as the technology underpinning bitcoin and other
cryptocurrencies. It serves as a digital record of financial transactions.
The
World Bank has hired Commonwealth Bank of Australia (CBAUF) to manage the bond,
which is expected to raise as much as 100 million Australian dollars ($73
million).
