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Austria will use Ethereum to track up to $1.3B in government bonds


There’s another major economy looking to raise funds with blockchain tech. Austria is auctioning $1.3 billion (€1.15B) worth of government bonds to be authenticated with the Ethereum blockchain. The Oesterreichische Kontrollbank (OeKB) will auction a new set of government bonds next Tuesday. The OeKB is working with Austria’s Federal Government Finance Agency (OeBFA) to use the Ethereum blockchain to help manage up to $1.3 billion (€1.15B) worth of public debt, reports Kleine Zeitung. The OeKB is Austria’s primary financial and information services institution for its export industry and associated markets. Finance Minister Hartwig Löger (ÖVP) touted blockchain technology as “an economic policy focus” for Austria. In fact,…

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