Blockchain’s discord- Testing a Canadian-dollar debt over a blockchain
Speaking of personification, if the cryptocurrency is ever questioned and interrogated, the marketcap will raise two folds by the time the interrogator finishes his investigation. It’s such a supreme power. Bank of Montreal and Ontario Teachers’ Pension Plan tested a Canadian-dollar debt deal over blockchain. Bank of Montreal had reported sold $250 million of one-year floating deposit. The bank’s BMO Capital Markets unit built a settlement system using blockchain and its prototype allows doing transactions on Distributed Ledger System (DLS). This is the first technology to be used for the Canadian Dollar Fixed income issue, aims to cut costs in areas including compliance, financial reporting, clearing and settlement of cash transactions.