World Bank official says blockchain could cut settlement times

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Blockchain technology could cut trade settlement time from days to seconds, a World Bank officer says.

“I think practical transactions allow you to see the potential benefits [of blockchain], such as the reduction in settlement time,” says Paul Snaith, the multilateral lender’s head of operations for capital markets. He was speaking to WatersTechnology ahead of the one-year anniversary of the bank’s issuance of the first blockchain bond, Bond-i. 

“You could have near simultaneous settlements

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