{"id":95907,"date":"2024-10-08T20:18:18","date_gmt":"2024-10-09T00:18:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=95907"},"modified":"2024-10-08T20:19:37","modified_gmt":"2024-10-09T00:19:37","slug":"palau-debuts-blockchain-based-savings-bonds","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/palau-debuts-blockchain-based-savings-bonds\/","title":{"rendered":"Palau Debuts Blockchain-Based Savings Bonds"},"content":{"rendered":"\n

Palau's government, Soramitsu, and the Japanese ministry<\/a> produced a blockchain-based savings bond prototype to stimulate domestic investment.<\/p>\n\n\n\n

\"Palau
Palau Debuts Blockchain-Based Savings Bonds <\/figcaption><\/figure>\n\n\n\n

In order to allow residents of Palau to engage in national infrastructure projects<\/a>, the island nation is introducing a savings bond program based on blockchain technology. <\/p>\n\n\n\n

This initiative was created with the Ministry of Economy, Trade and Industry of Japan and the blockchain startup Soramitsu. <\/p>\n\n\n\n

The so-called “Palau Invest” program, according to a news release issued on Tuesday, October 8, aims to empower individuals by giving them a new way to engage in national initiatives and receive returns on their contributions. <\/p>\n\n\n\n

The program is a component of METI's “Global South Future-Oriented Co-Creation Project,” Japan's commitment to aiding emerging economies through technology innovation<\/a>. It is based on the Hyperledger Iroha 2-based network of the SORA v3 Hub Chain.\u00a0<\/p>\n\n\n\n

It is stated that the money raised by the digital savings bonds will go toward important infrastructure initiatives, including building public buildings, roads, and housing. <\/p>\n\n\n\n

President of Palau Surangel Whipps, Jr. highlighted the initiative's significance, saying it can help “stimulate job creation, enhance business opportunities, and foster a vibrant economy.”<\/p>\n\n\n\n

Prior to the official issuing of savings bonds, a public demonstration phase was initiated at the time of publication to acquaint citizens with the mechanism. <\/p>\n\n\n\n

No specific date was given, but bonds will eventually be on sale via a mobile app letting people invest from their cellphones. <\/p>\n\n\n\n

After implementing blockchain-based financial systems in the Asia-Pacific region, including central bank digital currency initiatives\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> in Cambodia and Papua New Guinea, Soramitsu views this launch as another significant achievement in its ongoing efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Palau’s government, Soramitsu, and the Japanese ministry produced a blockchain-based savings bond prototype to stimulate domestic investment. In order to allow residents of Palau to engage in national infrastructure projects, the island nation is introducing a savings bond program based on blockchain technology. This initiative was created with the Ministry of Economy, Trade and Industry […]<\/p>\n","protected":false},"author":43,"featured_media":95911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16346,22254,4928],"class_list":["post-95907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-palau","tag-savings-bonds","tag-soramitsu"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/croc_1728431901356.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=95907"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/95907\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/95911"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=95907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=95907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=95907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}