World Bank “Possibility of great opportunity in block chain technology”

The World Bank’s Governor Kim Yong-Soo, during the International Monetary Fund and World Bank Annual Meeting held in Bali, Indonesia on October 11 (local time), has a very strong possibility of Distributed Ledger Technology (DLT) “He said. Kim once again showed his views so far that he is interested in the block chain rather than the beat coin.

Kim pointed out that there are innovations in technology that go beyond the bad habits of generations and that it takes time to eradicate corruption. We discussed the cipher money, but I think there is a big potential for DLT. In August, he explained that he issued the first block-chain bond to create, distribute, transfer and manage all bonds through block-chain technology. The World Bank exclusively issued public bonds with the Commonwealth Bank of Australia on August 28th in a block chain.

He added that the block-chain development has helped to reduce bank paperwork and costs, and could be a very profitable tool. Recognizing that the World Bank has not followed all the latest technology developments so far, the World Bank’s goal is to develop a universal approach to financial services by 2020. This is not done without deeply engaging in technology.

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