Question: Which among the following have launched a private block chain and quasi-crypto currency called Learning Coin?
(a) IMF and World Bank
(b) ADB and WEF
(c) RBI and ADB
(d) None of the above
Answer: (a)
Related facts:
- IMF and the World Bank have jointly launched a private block chain and a so-dubbed quasi-crypto currency called Learning Coin.
- Learning Coin will be accessible only within the World Bank and the IMF and will have no monetary value whatsoever, and is therefore not a real crypto currency, like bit coin.
- However its development has helped its staff become more familiar with principles like the distributed ledgers that underlie crypto assets, possible use cases like smart contracts and enhanced transparency, and challenges like facilitating money laundering.
- The Learning Coin App would serve as a hub for knowledge helping host their content like blogs, research, videos and presentations.
- Achieving certain educational milestones will allow World Bank and IMF staff to earn Learning Coins.
- They will have no real value, but the developers are testing how staff can redeem the coins for some kind of rewards.
Links:
https://www.ft.com/content/1cfb6d46-5d5a-11e9-939a-341f5ada9d40
https://cointelegraph.com/news/imf-and-world-bank-launch-quasi-cryptocurrency-in-exploration-of-blockchain-tech