The International Monetary Fund recently launched its token named “Learning coin” in association with the World Bank to gather more knowledge on the technology among its staff.
Blockchain technology has attracted a lot of attention among big institutions some of which have formed in-house research and development platforms but none seemss to have gone further to launch a coin strictly for educational purpose of its workforce.
An In-House Project
The organizations have made their coins available only for individuals within the wall of the two institutions, so the token has been classified of no real monetary value.
The IMF also built a blockchain network to support it newly launched ‘coin’ and could implement other features later to add more value to the project.
Despite taking into account the importance of education in this industry, the project raises questions such as the cost of implementation of the blockchain framework.
Blockchain Promotion As Goal
The IMF stated that their main goal was to promote Blockchain-related knowledge among their staff :
“The development of crypto-assets and distributed ledger technology is evolving rapidly, as is the amount of information (both neutral and vested) surrounding it. This is forcing central banks, regulators and financial institutions to recognize a growing knowledge gap between the legislators, policymakers, economists and the technology.”
Learning coin app, an application that allows its users to get access to more content related to Blockchain accompanied the token launch. It comprises a forum-like portal where the staff of the institutions could learn about blockchain.
The educational coin launch by two of the biggest financial institutions will no doubt creat more awareness of the technology. The impact of the IMF-World Bank coin collaboration will be immense.