Thai central bank launched the first blockchain-based platform for government savings bonds in the world
October 5, 2020
Within two weeks, the Bank of Thailand issued bonds of $1.6 billion on the blockchain platform on the IBM Cloud. The blockchain technology provides speedy bond issuance, minimizes redundant validation, and lowers the costs of reconciliation. The central bank intends to use blockchain for all other government bonds for both retail and wholesale investors.
Currently, the central bank has 145 outstanding issues.
Company — Bank of Thailand
Full nameBank of Thailand