World Bank President: Blockchain has “huge potential”

The president of the World Bank, Jim Yong Kim, said that the distributed ledger technology, (core idea of the Blockchain), has “huge potential”.
Ana Alexandre on Cointelegraph reports a Kim’s statement at the International Monetary Fund (IMF) and the World Banks’ Annual Meeting in Bali: “We talked about cryptocurrencies, but we think distributed ledger has huge potential and we issued the first blockchain bond in August, where we created, allocated, transferred and managed the entire bond through blockchain technology.”
Following the positive results of the blockchain-platform, Arunma Oteh, a treasurer at the World Bank, stated that the bank “will continue to seek ways to leverage emerging technologies to make capital markets more secure and efficient.”