10/12/19 06:24 UTC-5

Bank of China issues $2.8 billion blockchain bonds

The People's Bank of China (PBC) issued new financial bonds based on a distributed ledger of 20 billion yuan, which equates to $2.8 billion. 


Innovative solution

China continues to impress with its positive attitude towards cryptocurrencies today. The Central Bank issued blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
bonds of several billion dollars for small (up to 50 employees) and microenterprises (up to 10 employees). The solution is intended to support their development by issuing loans in the form of new blockchain bonds. It is worth noting that this fall, the NBK issued $57.7 billion for more than 400,000 firms.

Interesting in the section: Financial geography: the great crypto-plan of China

See also: "The Central Bank of Lithuania will issue collection coins on the blockchain"

#China #People'sBankofChina #blockchain #bonds

Editor: Alyona Deryabina