Austrian government plans use Ethereum in Federal Bond Auction

Austrian government plans use Ethereum in Federal Bond Auction

According the Austrian local news portal Kleine Zeitung, country has plan to use Ethereum blockchain to authenticated ˆ1.15 billion ($1.3 billion) worth of government bonds. These bonds will be issued on behalf of the Austrian Treasury [OeBFA]. One of the leading banks Oesterreichische Kontrollbank will begin the blockchain notarization service on 2nd October.

Oesterreichische Kontrollbank stated:

“Following successful tests, a Blockchain notarization service will be used for the first time at the next week’s Federal Bond Auction.”

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