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Bank Of Korea Is Looking To Deploy Blockchain In Bond Market

Janelle Fox

Summary: The Bank of Korea is seeking a blockchain services provider in order to develop a blockchain bond system which would make it possible to distribute bond records to all participants, according to a report from local publication Yonhap Infomax. The Bank of Korea had reportedly launched a Proof of Concept (PoC) project in late 2019 ...

The Bank of Korea is seeking a blockchain services provider in order to develop a blockchain bond system which would make it possible to distribute bond records to all participants, according to a report from local publication Yonhap Infomax.

The Bank of Korea had reportedly launched a Proof of Concept (PoC) project in late 2019 which would allow for the movement of bond transaction records that are currently maintained by the Korea Securities Depository to a blockchain-powered base of records accessible by multiple nodes.

By Janelle Fox

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