The International Monetary Fund (IMF) and World Bank have been exploring blockchain together by creating a Learning Coin. They were keen to have an unbiased experience, and it involved 60 people across the organizations. At a workshop on Friday, they
shared their learnings from the year-long initiative.
The project was not a cryptocurrency. There was no monetary value. It was a purely educational token available only to staff members of the World Bank and IMF to explore some of the concepts behind Central Bank Digital Currencies (CBDC). The token was earned through learning by consuming curated content about blockchain and digital money provided via a mobile and web app. An app will be published within a week.
“The problem we all have is technology is evolving faster than our ability to keep up,” said Herve Tourpe Chief Digital Advisor, IMF. “In addition to reading papers and going to conferences, you’re going to have to get your hands dirty and try these technologies yourself.”
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