$6.6 trillion of debt is being issued p.a. now the Chinese are using Blockchain technology to issue bonds.

China has recently issued $2.8 billion using Blockchain technology. Will the cost of issuing Chinese bonds fall as the Chinese government use a Blockchain-powered platform?

How long will it be before investors in these digitally issued Chinese bonds are paid interest on this debt in a Chinese digital currency using a form of Smart Contract?

China is not the first country to use Blockchain technology to issue bonds, as Japan did so in 2017 by issuing $800,000+ on debt using this technology. The use of Blockchain-powered platforms offers the promise of lowering the cost of issuing bonds ,while improving efficiency and security as governments move from a largely paper based analogue systems. It gives governments more control and by having its own central bank digital currency, like the Chinese are potentially launching soon a tighter grip its financial sector and economy……

Written by

#DigitalAssets#Tokens #ChairmanGemini #Fintech #Blockchain #Assetmanager #Speaker #DigitalBytes #Economics @Teamblockchain Twitter:@jonnyfry175

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store