Summary:
The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds.Within the first two weeks of operations, the blockchain-based platform has issued a total of .6 billion of such bonds. The announcement from the International Business Machines (IBM) Corporation reads that the platform enables investors to “benefit from speedy bond issuance, reducing a process that previously took 15 days to two days.” IBM Cloud’s blockchain also reduces the operational complexity and the overall cost of issuing bonds.The blockchain platform for government bonds decreases the workload of issuers, underwriters, registrars, investors, and key ecosystem participants. The new platform has become “immutable” and a
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Jordan Lyanchev considers the following as important: AA News, Blockchain Adoption
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The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds.Within the first two weeks of operations, the blockchain-based platform has issued a total of .6 billion of such bonds. The announcement from the International Business Machines (IBM) Corporation reads that the platform enables investors to “benefit from speedy bond issuance, reducing a process that previously took 15 days to two days.” IBM Cloud’s blockchain also reduces the operational complexity and the overall cost of issuing bonds.The blockchain platform for government bonds decreases the workload of issuers, underwriters, registrars, investors, and key ecosystem participants. The new platform has become “immutable” and a
Topics:
Jordan Lyanchev considers the following as important: AA News, Blockchain Adoption
This could be interesting, too:
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- The central bank of Thailand has leveraged blockchain technology running on IBM Cloud to launch the world’s first DLT-based platform for government savings bonds.
- Within the first two weeks of operations, the blockchain-based platform has issued a total of $1.6 billion of such bonds.
- The announcement from the International Business Machines (IBM) Corporation reads that the platform enables investors to “benefit from speedy bond issuance, reducing a process that previously took 15 days to two days.” IBM Cloud’s blockchain also reduces the operational complexity and the overall cost of issuing bonds.
- The blockchain platform for government bonds decreases the workload of issuers, underwriters, registrars, investors, and key ecosystem participants. The new platform has become “immutable” and a “real-time single source of truth for network participants.”
- Apart from the Bank of Thailand, seven other institutions collaborated to develop the infrastructure. Those included the Public Debt Management Office, Thailand Securities Depository Co., Thai Bond Market Association, Bangkok Bank, Krugthai Bank, Kasikorn Bank, and Siam Commercial Bank. IBM Blockchain served as the “technology and cloud platform partner.”
- Data from the Thai Bond Market Association indicates that the entire Thai bond market stood at $421 billion as of December 2019. The government bonds were responsible for an outstanding value of $157 billion last year (or 37% of the total amount).
- The American multinational technology company IBM has been involved with blockchain for years. Just recently, the firm became a shareholder at the DLT-based platform for international trades –we.trade.