Blockchain can prevent illegal nuclear trade?

Harvard College scientist believes that blockchain technology is a perfect way to control nuclear export
22 October 2017   1204

As Aaron Arnold, A Harvard Kennedy School researcher and an associate of the Project on Managing the Atom, states in his writing "Blockchain: A new aid to nuclear export controls?" there is a huge problem of unclear sanctions towards international nuclear trade, export and supplies which can be resolved by blockchain. 

He presumes that blockchain technology of smart contracts can be very useful for audit and to create well-protected, international logistical orders regarding nuclear resources and to protect them from unauthorized access.

Coalitions, like the Nuclear Suppliers Group, should start thinking now about blockchain and its implications for supply-side controls. This includes developing a firm understanding of the relationships between public and private sector implementations of blockchain, and the consequences for controlling nuclear and dual-use goods and technologies.
 

Aaron Arnold

Researcher, Harvard Kennedy School 

In future, blockchain technology can become a perfect solution to the issue of falsification and a source of preventing fraud as there will be no difficulty to trace the source of nuclear supplies.

Bank of China to Issue $2.8B Blockchain Bonds

Bank used its own DLT system to issue blockchain bonds
09 December 2019   54

The fourth largest state bank, the Bank of China, has issued two-year blockchain bonds for small businesses totaling $ 2.8 billion.

To issue digital certificates, Bank of China used its own blockchain system.

It is also the first blockchain-based bond issue accounting system in the country.
 

Bank of China

Securities will go on sale with an interest rate of 3.25% per annum.

Thus, the bank hopes to raise funds to support small businesses in the country. As of September, as part of this initiative, the bank provided loans to small and micro enterprises for a total of $ 57.7 billion.