Home / Crypto News / The Austrian government plans to issue government bonds in the public block chain of Ethiaryam

The Austrian government plans to issue government bonds in the public block chain of Ethiaryam

The Austrian government plans to issue government bonds in the public block chain of Ethiaryam  - shutterstock 314670518 696x509

The Austrian government plans to issue 1.15 billion euro (about 157 billion yen) of government bonds at auction next week using the virtual block chain of cryptocurrency Ethiary (ETH) , 25, local news agency Kleine Zeitung reported.

In the auction, Austrian Export Bank (OeKB) , one of the biggest banks in Austria , is planning to issue bonds on behalf of the Austrian Ministry of Finance (OeBFA) .

Using the system developed by the Austrian Export Bank (OeKB), it is noteworthy that the data of the Austria Direct Auction System (ADAS) hashed, and it is posted on the public block chain of Eliaryum.

The test is already said to have been successful, and the Austrian export bank (OeKB) reports that the notarization service with block chain states that this Austrian federal bond auction will be the first use case .

In addition, Austrian finance minister Hartwig Löger pointed out the strategy to allow Austria to make the most of these developments by setting block chaining technology as the focus of economic policy and establishing a Finetec advisory committee in the Ministry of Finance I say that there is a place.

Officers of the Austrian Export Bank (OeKB) and the CEO of the Austrian Ministry of Finance (OeBFA) have great expectations for the block chain technology and I would like to pay attention to future trends in issuing government bonds in Austria.

Article Source: Bundesanleihen-Auktion: Österreich setzt auf Ethereum-Blockchain

Author: ぼ に フ ァ 【Coin Desk News】 – Source Post: https://crypto-times.jp/ethereum-oekb/

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