Why in News?

• International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token- “Learning Coin”.

Highlights:

• The new token, called “Learning Coin” is accessible within the IMF and World Bank
• The main purpose of this token is to teach relevant individuals within the organizations about Blockchain
• The coin has no real value, hence has the description of a pseudo-token.
• Staff members who pass educational milestones will receive the tokens which can then be redeemed for certain rewards.

World Bank:

• The World Bank was established in 1944
• The World Bank is headquartered in Washington DC,USA
• David Malpass is the current president of the World Bank