Speaking at the event with the International Monetary Fund (IMF), the president of the World Bank, Jim Yong Kim, said that blockchain has “huge potential.”
“We at the World Bank Group have had to admit that we’re not keeping up with the latest developments and we’re not doing it in a way that would help our clients take advantage of the great things that are coming out,” Jim Yong Kim told the audience at the event.
The World Bank is an international financial institution. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).
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