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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1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
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