Palau has launched a blockchain-based savings bond system in collaboration with Japan’s Soramitsu and the Ministry of Economy, Trade and Industry. The initiative, called “Palau Invest,” offers citizens the opportunity to invest in national projects and earn income. 💼

- The blockchain-based system is based on SORA v3 Hub Chain’s Hyperledger Iroha 2 network.

- The funds will be allocated to critical infrastructure projects such as housing, roads, and public facilities.

- Citizens will be able to invest via a mobile app.

President Surangel Whipps, Jr. stated that the initiative will increase job opportunities and boost the economy. The public launch phase has begun, but no exact timeline has been announced.