United States, Sept. 30 -- The World Bank Group is transforming how it tracks development project funds, becoming the first multilateral development bank to use a blockchain-based tool for funds traceability and enhancing transparency in public finances.Use of this technology is in line with the World Bank Group's goals of digitalization and efficiency. Called FundsChain, the new tracking tool has been successfully tested in 13 projects in 10 countries and will now be scaled up and extended to around 250 projects by the end of the fiscal year, June 30, 2026. Borrowers often rely on manual procedures or fragmented systems to track payments and to store paper-based records, which can be inefficient both for borrowers and for the World Bank. T...