In a world consumed by consumption, there must be the constant churning of new information, technology, resources and ideas in order to effectively enrich our lives, communities and futures. This simple, yet profound reality allows for the growth and disruption of any and every industry, if and when a technology is developed that has the potential to cause that type of mass adoption, mass change and mass acceptance.

Well, it seems as though the World Bank has mandated The Commonwealth Bank of Australia for the organization a ‘Kangaroo Bond’. The foreign bond, has been named bond-i, which is representative of — Blockchain Offered New Debt Instrument and is to be based on the Ethereum Blockchain.

Unsure of what marked this as the most appropriate time to rally behind Blockchain technology, this announcement has effectively showcased the support and confidence that even the World Bank holds for the potential that is associated with this disruptive technology. From what the establishment is saying, bond-i will be the world’s first to be created, allocated, transferred and managed with Blockchain technology.

With an infrastructure that is planned to be taken care of via the Microsoft’s Azure Cloud Computing System, however, additional information is said to be coming at a later date.

In a statement released jointly on August 9th, the two organizations stated that, “Blockchain has the potential to streamline processes among numerous debt capital market intermediaries and agents. This can help simplify raising capital and trading securities, improve operational efficiencies, and enhance regulatory oversight.”

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