Friday, November 27, 2020

Tag: World Bank President: Distributed Ledger Technology Has ‘Huge Potential’

World Bank President: Distributed Ledger Technology Has ‘Huge Potential’

by Ana Alexandre, Coin Telegraph:

The president of the World Bank Group Jim Yong Kim has stated that distributed ledger technology (DLT) has “huge potential” and that the bank should keep pace with innovative technologies. Kim spoke at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali, Indonesia Oct. 11.

Kim addressed the importance of fighting poverty while boosting prosperity, pointing out that “there are innovations in the technological world that can help us leapfrog generations of bad practice, generations that would take forever in terms of reducing corruption.” Kim said: