'Overwhelming' response to world's first blockchain bond

On Friday, the only major manager of the contract, the Australian Commonwealth Bank, the world's first public bonds created and managed using only block chains are supported by seven investors, for the World Bank He said he was gathered. A $ 110 million Australian dollar ($ 80.48 million)

Executive general manager of Commonwealth Bank (CBA), James Wall said that arrangements to test how this technology improves bond sales over the decades are beyond expectations and interest is "overwhelming" Said.

US funds Northern Trust, the three Australian state governments, regional pension fund First State Super and CBA are seen as the first step in transitioning bond sales from a manual process to a faster and less expensive automation.

Oteh said, referring to the abbreviation for Blockchain Operated New Debt Instrument and this transaction representing Australian reference. The most famous beach

"I am particularly impressed by public institutional interests and these high quality investors understand the value of using technology to promote capital market innovation."

The World Bank bonds are rated AAA and regularly use the lending capacity to exploit new bond markets and help to open up new ways to buy and sell securities.

To support the economic development of developing countries, we issue bonds between $ 50 billion and $ 60 billion annually.

Australia is a popular market development testing site and the Australian dollar is one of the world's most traded currencies because of its well-developed financial infrastructure and familiarity with international investors in the Australian dollar is.

There are other prototypes and parallel simulation block chain projects on the market, but the CBA is the first time the bonds of the World Bank use funds from the public investor through legal and effective bond issues using block chains from the beginning to the end I will procure it.

"Token Bond" (confidentiality of actual project name) - Token Bond is the world's first full regulation and securities designed purely to help start-up companies in block chains face huge funding needs We are developing bonds. Currently, capital and money managers are restricted access to cryptographic projects, so we can not get opportunities for block chain projects that will yield trillions of dollars in profit. "Domain Coins" - Domain coins are regulated ICANN domain name registration agencies that are operated and specialized in the block chain industry. General ICO fraud and social engineering trials that plague industry as a whole

For this reason, from 2014 to 2015, marriages based on the world's first block chain were organized through the Bitnation system. In addition, it received the first certificate from the citizens of the world and the first block chain certificate issued in the plot. In 2016, the world 's first DBVN Constitution was written using the Ethereum block chain. There are four tokens in Pangea, based on which the entire monetary incentive system is formed. The first Pangea Arbitrage Token (PAT) becomes the main, the other three become reputation tokens, and you can not trade. Each user's reputation is calculated using the Autonomous Lucy agent. This agent monitors the reputation for the creation of contracts that have completed successfully and resolves contract-related disputes. Therefore, a similar approach is used to evaluate reputation in the actual human feedback cycle used in Airbnb and eBay.