Cointelegraph: In what is being called a world first, the World Bank has ordered the creation of a blockchain-based bond through Australia’s Commonwealth Bank (CBA).
It marks a very clear move by some of the world’s most influential financial institutions to start leveraging blockchain technology to improve their offerings.
CBA has already developed the blockchain-based system, using a private Ethereum blockchain. The Blockchain Offered New Debt Instrument (bond-i) will be issued by the World Bank in Washington.
The project has been spearheaded by the World Bank, which is looking to use blockchain technology to improve the way it issues bonds around the world. more …
Opinion: The stage is being set for a new monetary system. Like gigabytes and i7 processors, there are two words all will have to get used to over the next few years, like it or not, and it really doesn’t matter if we totally understand them or not.
Blockchain: A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Blockchains which are readable by the public are widely used by cryptocurrencies as a form of currency.
Cryptocurrency (Bitcoin): the decentralized network, allows users to transact directly, peer to peer, without a middle man to manage the exchange of funds.
Sometimes it is helpful when relating new developments in technology to work backwards from what we know to be true. Since we know that prophecy is 100% accurate 100% of the time, we have assurance that no matter how different and strange a new technology may sound, if it appears to fit prophecy it is worth keeping an eye on it.
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has he mark or the name of the beast, or the number of his name”. Revelation 13:16-17
The he in the prophecy is the False Prophet. John tells us that he will have two horns like a lamb but speak like a dragon (Revelation 13:11-12), indicating a powerful member of a satanic trinity heading up a government-approved church.
In order to control virtually every form of commerce, the False Prophet and his boss Antichrist will necessarily need to operate on one digital currency, and right now the only currency standing in the way is the US dollar.
So what event could be so gigantic that it would threaten the dollar’s reign as world reserve currency?
(Thanks to Vason for sending this article in)