Bank of America Merrill Lynch (BofAML), HSBC, and the Infocomm Development Authority of Singapore (iDA) recently announced that they have jointly developed “a prototype solution built on Blockchain technology that could change the way businesses around the world trade with each other.”
The Hyperledger project’s open source blockchain was chosen to be the backbone of the small consortium. Supported by IBM and created by the Linux Foundation, Hyperledger is a commercial-grade blockchain already used by various consortia.
http://bravenewcoin.com/news/bank-of-america-merrill-lynch-hsbc-and-ida-develop-a-blockchain-prototype-solution-for-trade-finance/
