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/
