HSBC Holding PLC (NYSE:HSBC) told the press on Monday that is completed the world’s first trade finance transaction using blockchain technology. The incentive? HSBC sees blockchain as a solution to help boost efficiency in the multi-trillion-dollar funding of international trade.
Last Year, HSBC was awarded ‘World’s Best Bank’ and ‘North America’s Best Bank for Transaction Services’ among a list of many others, at the 2017 Euromoney Awards.
The bank issues a letter of credit for the U.S. food and agriculture firm Cargill. This letter of credit was issued from HSBC to the Dutch bank …
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.