Commonwealth Bank to Launch Blockchain Pilot for ‘BioTokens’

The Commonwealth Bank of Australia (CBA) has stepped up its technology by introducing a blockchain pilot to accelerate the biodiversity of investment. The head of experimentation and commercialisation for Blockchain in CBA, Sophie Gilder explained, “This innovative prototype creates an accessible, transparent online marketplace where valuable biodiversity credits can be securely managed and traded using ‘BioTokens’ on blockchain transferable digital tokens which represent unique biodiversity assets.”

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