The World Bank and Australia's largest bank, the Commonwealth Bank of Australia, have issued a public bond exclusively through the blockchain. The $100 million AUD ($73.16 million USD) deal is made up of two-year bonds. It expected to settle by August 28, 2018 and yield a 2.25 percent return.The prototype bond, dubbed "Bond-i" (Blockchain Operated New Debt Instrument) is seen by participants as a milestone and a step forward toward automation of bond sales. It is part of a broader strategic focus of the World Bank to “harness the potential of disruptive technologies for development.” Launched in June of 2017, its Blockchain Innovation Lab studies the impact of blockchain and other disruptive technologies on such sectors as land administration, supply-chain management, health, education, cross-border payments and carbon-market trading.The American fund Northern Trust, three Australian state governments, local pension fund First State Super and CBA were the investors in the deal, which the World Bank sees as a part of its strategic focus to harness "disruptive technologies for development."Speaking with Bitcoin Magazine, Arturs Ivanovs, founder of FIC Network — a platform for issuing and trading bonds on the blockchain — said that the launch of the world’s first global bond is a great "validation of blockchain technology's usefulness" for financial transactions."The World Bank is one of the largest bond i... For Further Information Click on Below Button