Bank of Thailand launches government savings bond on IBM Blockchain

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Bank of Thailand (BOT), Thailand’s central bank, has launched a blockchain-based platform for government savings bonds, issuing a total of $1.6 billion. In a statement, IBM said this was the world’s first blockchain-based platform for government savings.

Bank of Thailand now plans to extend blockchain to all other government bonds targeting both retail and wholesale investors, says IBM.

[Image courtesy: BOT]