The Bank of Korea (BOK) reportedly wants to create a blockchain bond system for its bond market, which is one of the biggest in Asia, but then it is unlikely to launch until regulatory laws are well spelled out regarding who takes charge in case of failure, accidents, etc. Local reports in Korea revealed that the country’s Central Bank needed a company that can develop a new blockchain bond system to improve record-keeping for its massive bond market. With it, bond transactions could be recorded on the tech and could be a foundation for an efficient continuous payment trading system.
