The World Bank and IMF Launched a “Learning Coin”
International Monetary Fund and the World Bank (IMF) launched a private blockchain and a so-called quasi-cryptocurrency for private testing, reports Financial Times.
It is worth nothing that Learning Coin is not a classical cryptocurrency because it has no value. The coin is created only for educational purposes.
The project called Learning Coin is launched to explore blockchain and digital assets, the coin is available only to the employees of IMF and the World Bank. In particular, they will get digital assets for getting educated. The employees will use the app created within the framework of the project to access lectures, video and audio materials dedicated to crypto currencies. After that, they will be allowed to buy the assets out. It is expected that it’ll help the employees to understand how crypto currency may be used in the real life.
In addition, the World Bank and the IMF will probably keep using blockchain for creation of smart contracts or fighting with money laundering after that.