Bank of china Issued blockchain based financial bonds

$0.11 tipped


China is one of world's largest Economy. Recently China's Adoption towards Blockchain and blockchain based technology made big headlines

The adoption of this technology has grained alot of attention from foriegn media's and countries

The rate of blockchain technology adoption continues to impress everyone and Bank of China announced to use blockchain technology to issue financial bonds

Bank of china has recently issued financial bonds worth 20 billion yuan ( $2.8 billion) for small and micro entrepreneurs

According to Chinese news outlet Sina finance the bonds built on blockchain technology was specially issued for micro and small entrepreneurs

Those Loans will help entrepreneurs to build businesses and will also to give a boost to the country's economy

The bonds will have real time details on when they were issued and who took the bonds as a loan in the blockchain ledger

The Bank of china has issued and gave loans to 410,000 small and micro business with the help of blockchain untill now

 

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CryptoArgha
CryptoArgha

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