The fact that blockchain technology has been used in many different areas has enabled this technology to develop rapidly. Many countries have also started using Blockchain. Finally, the Israeli Ministry of Finance and the Tel Aviv Stock Exchange (TASE) are preparing to issue a blockchain-based digital government bond.
The government and TASE will operate via smart contracts for trading and transferring digital bonds. Considering supporting the network with tokenization transactions, the government will receive support from infrastructure companies Fireblocks and VMWare.
The test, which will be carried out in live environments, will run in the electronic wallet system. Users who buy digital government bonds will be able to trade with the help of this wallet created by the government. At the same time, the wallet will be released as a trusted platform for holding and storing bonds.
The Israeli Government made the following statement on the subject:
“The current project starts the journey to this new world and provides an initial and important pillar that will serve as the foundation for upgrading other traditional mechanisms down the road.”
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