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.”