World Bank has mandates the Commonwealth Bank of Australia (CBA) to arrange the world’s first blockchain-based bonds.“CBA is authorized to become the only bank to arrange the world’s first bonds that are created, allocated, transferred and managed with the blockchain technology,” the banks said in a joint press release.RIA Novosti reports that the new bond will be called bond-i, or Blockchain Offered New Debt Instrument. It will be created after consultations with a wide range of investors, all of whom show significant interest in the novelty. The blockchain platform for bond-i has been developed by CBA Blockchain. 24.07.2018 | 17:02 Bank of England to serve blockchain users “Blockchain has the potential to streamline processes among numerous debt capital market intermediaries and agents. This can help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight,” reads the press release.World Bank has been in debt capital markets for 70 years and issues bonds worth USD 50-60 billion annually. The bank was the first to issue the e-bond (in January 2000).The partner of Fintech section is Tweet Views 17420