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Author Topic: [2018-05-17]HSBC Claims it Performed the World’s First Trade Transaction via Blo  (Read 37 times)
Vladdirescu87
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May 17, 2018, 04:56:31 PM
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One of the largest financial services companies, HSBC Holdings Plc, reported that it had conducted the world's first finance operation using blockchain technology. The financial technology is expected to improve the efficiency of financing international trade significantly.
Vivek Ramachandran, HSBC's global head of innovation and growth for commercial banking, said in the statement:
"With blockchain, the need for paper reconciliation is removed because all parties are linked on the platform and updates are instantaneous"
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/hsbc-performed-the-first-trade-transaction-via-blockchain/

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Carlton Banks
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May 17, 2018, 05:40:29 PM
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Old story

The 1st trade transaction using a blockchain happened on this forum, in 2010. HSBC appear to be taking credit, and I always assumed the 10 thousand BTC pizzas were ordered by bitcointalk member Laszlo, not HSBC! Maybe there's something Laszlo wasn't telling back then... Grin

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May 18, 2018, 07:18:08 AM
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Old story

The 1st trade transaction using a blockchain happened on this forum, in 2010. HSBC appear to be taking credit, and I always assumed the 10 thousand BTC pizzas were ordered by bitcointalk member Laszlo, not HSBC! Maybe there's something Laszlo wasn't telling back then... Grin

Ha ha. That is true. What was even more authentic in the sale of pizzas in 2010 was that the settlement of value took place using the blockchain. In HSBC’s case, the use of blockchain is incidental and primarily to reduce paperwork and manual error in settlement.


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