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World Bank and CBA to Issue First Blockchain Bond with Ethereum and Microsoft

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In a major announcement, the World Bank is preparing to issue the first blockchain bond to the Commonwealth Bank of Australia (CBA) on a private Ethereum-based blockchain, which will run on Microsoft Azure’s cloud platform. Currently, the World Bank issues between US$50-US$60 billion annually in bonds for sustainable development. It says that blockchain technology has the potential to “help simplify raising capital and trading securities; improve operational efficiencies; and enhance regulatory oversight”