• HSBC in blockchain first with trade finance deal

    3 monthes ago - By Reuters

    HSBC says it has performed the world's first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of international trade. David Pollard reports.
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  • HSBC says it's made the world's first trade finance transaction using blockchain

    3 monthes ago - By CNBC

    HSBC and ING said that the exchange was performed in 24 hours, compared to the five-to-10 days it normally takes through a paper-based system.
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  • HSBC is shaking up a centuries-old industry using blockchain

    HSBC is shaking up a centuries-old industry using blockchain

    3 monthes ago - By Business Insider

    HSBC has made what it claims is the world's first commercial trade-finance transaction using blockchain.
    The exchange was for a shipment of soybeans transported from Argentina to Malaysia, made by US food giant Cargill. HSBC and ING facilitated the deal.
    The technology is expected to cut transaction times, reduce costs, paperwork and increase security.
    "This is an inflection point for how trade is conducted," Vivek Ramachandran, HSBC's global head of innovation and growth for commercial banking, said in a statement.
    LONDON - HSBC said on Monday it has made what it claims is the world's...
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  • HSBC says performs first trade finance deal using single blockchain system

    3 monthes ago - By Reuters

    HONG KONG - HSBC Holdings Plc said on Monday it has performed the world's first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade.
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