Question
The World Bank has tied up with which bank to enable secondary bond trading recorded on Blockchain?
This question was previously asked in
RRB NTPC 2019 CBT 1 Question Paper (8-Mar-2021) (Shift 2)
The correct answer is
Commonwealth Bank of Australia
World Bank Blockchain Bond Trading Partnership
The World Bank sought to innovate its financial operations by leveraging blockchain technology for bond trading.
Key Partnership Details:
- Partner Bank: The World Bank collaborated with the Commonwealth Bank of Australia.
- Technology Utilized: The partnership focused on using Blockchain technology.
- Objective: To facilitate secondary bond trading, enabling more efficient transactions in the bond market. This initiative aimed to explore the potential of distributed ledger technology in capital markets.
This collaboration marked a significant step in exploring how blockchain could enhance transparency and efficiency in bond issuance and trading.
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