HSBC Completes First Trade Using Blockchain Technology

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.

All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.