This week, the Financial Times reported that the IMF, (International Monetary Fund) and the World Bank, are launching a Learning Coin on a private blockchain to gain a better understanding of how blockchains work.
In a statement, the IMF said:
The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognise a growing knowledge gap between the legislators, policymakers, economists and the technology. This project begins to bridge that gap and form a strong knowledge base of the technology among IMF and World Bank staff.
what do you think will be the implications?
https://www.altcoinsidekick.com/blog/chain-reactionThey might test the blockchain network and see if it is really beneficial for use. This might be a trial for them to know blockchain more closely. Centralized banks may try to enter the blockchain networks if their requirements are reached. If this news is been published from more official source then it would be a confirm news and it might help a lot I growing of the blockchain technology. The youth is getting ahead in the blockchain technology so obviously the world needs to know a bit more about the blockchain. Blockchain should be engaged in our day to day living so that it could make our financial transactions much more easier.