Taken from Bloomberg…
“HSBC completed a transaction using blockchain which it said shows the technology is commercially viable for trade finance.
Together with ING Bank NV, the London-based bank handled a letter of credit for Cargill Inc. which relied on the blockchain technology developed by the R3 consortium, according to an emailed statement on Monday. The letter of credit backed a shipment of soybeans transported last week from Argentina to Malaysia, the statement added.”
Read the rest of the post here.
Share
Most Recent
February 11, 2021
October 22, 2020
IBM and R3 Join Forces to Expand Blockchain Capabilities and Services across Hybrid Cloud
October 21, 2020
Media inquiries
A platform powering solutions that securely share, protect, and analyze data
Learn MoreStay up to date on the latest news and articles related to R3.
© 2021 R3, All Rights Reserved
Terms of Use | Privacy Policy | Trademark Policy | Anti-Slavery Statement
© 2021 R3, All Rights Reserved
Terms of Use | Privacy Policy | Trademark Policy | Anti-Slavery Statement