–The following is an extract from the Unlocking Investment and Finance in Emerging Markets and Developing Economies (EMDEs) World Bank program
–Building Robust Financial Markets and Institutions in EMDEs By The World Bank Group
Technology is transforming the way we live and work. In the world of finance we are at the start of the digital revolution. The market for sustainable investing has evolved. While the industry has become more digital these technologies for financial products are still a black box. Technology used to provide large scale financing on the projects that make the world a better place. While also making the financial transactions on those projects. What if we could simplify the investment process and design new market structures that one day streamline financial transactions in every corner of the globe? What if instead of taking days to complete transactions we could do in seconds? What if investors trade the highest quality investments? Esther Miller cost and with reduced risk. The revolution started with the world’s first digital bond bond-I. The first issue of the bond using blockchain technology has been issued by the World Bank in Australian dollars on a platform developed by the Commonwealth bank of Australia. By using blockchain instead of registering transactions and a central system with the stored ledger there is a single verifiable continuous record. Information resilient distributed as it is registered A single source of truth. Does blockchain is secured? Only those with permission can access the records. Participants can securely hold and trade the assets in a matter of seconds. We believe the blockchain technology will shape the future and make markets more efficient. The digital revolution and sustainable has become.