Blockchain-based digital government bond from Israel

The fact that blockchain technology has been used in many different areas has enabled this technology to develop rapidly. Many countries have also started using Blockchain. Finally, the Israeli Ministry of Finance and the Tel Aviv Stock Exchange (TASE) have created a blockchain-based digital government bondgetting ready to take off.

The government and TASE will run the process through smart contracts for the trading and transfer of digital bonds. Government, infrastructure companies considering supporting the network with tokenization processes From Fireblocks and VMWarewill take a stand.

Test to be carried out in live environments, electronic wallet will work in the system. Users who buy digital government bonds will be able to trade with the help of this wallet created by the government. At the same time, the wallet will be released as a secure platform for holding and storing bonds.

The Israeli Government made the following statement regarding the bet:

“The current project initiates the journey to this new world and provides a primary and valuable support that will serve as the core mission for upgrading the other classical mechanisms down the road.”