HSBC and ING Bank have used Corda blockchain technology to finance a shipment of soya beans from Argentina to Malaysia for food and agriculture conglomerate Cargill, HSBC said on its Twitter account. This is another signal that mainstream financing institutions are increasing adopting blockchain technology, and would be the world’s first commercially viable trade-finance transaction using blockchain, HSBC said. It shows that its platform is ready to be commercially adopted across the industry. Corda was developed by technology consortium R3 …

HSBC Claims To Complete First Trade Finance Deal Utilizing Blockchain appeared first on China Money Network.


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