Has the president of the World Bank resigned to work with Blockchain?

Of& nbspRishma Banerjee

Jim Yong Kim, the president of the World Bank, recently announced his resignation, which had a shocking impact on the financial world and for all countries in general.
Reports on the resignation, emerged yesterday, which left more to think about the reason for this step. Kim, who was still three years before the end of his term, said:

It was a great honor to serve as president of this extraordinary institution, full of passionate people dedicated to the mission of ending extreme poverty in our lives.

Since Kim did not explain why he made this move, rumors about it have been wandering on social media. Speculations have gained ground because Kim has issued a statement via an email that says he will join a private sector, where he believes he would have the ability to help industries get a greater impact on the market.

As previously reported by BTC Wires, Kim has long shown interest in blockchain technology. At a meeting jointly organized by the IMF and the World Bank in Bali, he said that he believed that this new technology had enormous potential and had not been used optimally. He also spoke in favor of Distributed Ledger Technology, which he believed could help organizations to use resources, which otherwise would have required "forever". He said:

… there are innovations in the technological world that can help us to overcome generations of bad practices. generations that would require an eternity in terms of reducing corruption ".

In such circumstances, many have linked Kim's resignation with interest in blockchain technology. Furthermore, according to a statement issued by the World Bank, Kim would join "a company that will focus on increasing infrastructure investments in developing countries".

However, Kim has assured that the details of his new job will be released soon, in order to clarify the air from any rumors that are making the rounds.

Rishma Banerjee

Rishma is currently pursuing a degree in International Relations and has a special place in her life to sift through all sorts of random curios, thank you very much.