International banking giant HSBC is reportedly close to testing blockchain in live transactions.
Global Trade Review reports that the bank could launch several pilot programs based on existing proof-of-concept (PoC) projects in an effort to begin transitioning to live blockchain transactions. The move was announced during a private media call earlier this week.
HSBC senior innovation manager Joshua Kroeker said at the time that the launch would mark the fruition of trials conducted over the course of two years, including one announced in August 2016 that tests the use of a blockchain in replicating letters of credit.
At the time, the trial aimed to develop trust between two or more entities by creating a system to authenticate data, as previously reported.
More:
https://www.coindesk.com/uk-bank-hsbc-might-soon-pilot-live-blockchain-payments/
