Reliance Industries – owned by India's richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.
TradeLens has attracted a wide variety of entities ranging from port operators and customs authorities to logistics companies and even rival carriers.
Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.
HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.
Executives from HSBC Bank revealed in a conference call this week they intend to pilot projects for blockchain-based transactions.
A new syndicated loan marketplace backed by a group of major banks is set to be launched on top of R3's Corda distributed ledger platform.
Three major Asian banks and a regulator in Singapore have teamed up for a new blockchain trial focused on customer identification.
Both new and founding members of the Utility Settlement Coin project think its work could lead central banks to adopt blockchain-based fiat currency.
Utility Settlement Coin is moving into its third phase – building a kind of blockchain-based fiat testnet – with six new partners.
IBM has been chosen by Digital Trade Chain, a consortium of major European banks, to build a new blockchain platform for SMEs.
A recent survey from the UK-based bank suggests that ordinary consumers are still largely in the dark about blockchain tech.
HSBC has added the former CEO of distributed ledger startup Ripple to its newly minted technology advisory board.
A group of banks in Hong Kong are reportedly developing a system that uses blockchain tech to share information about mortgage valuations.
Bank of America and HSBC have teamed up with the Singapore government’s IT and telecom agency on a blockchain supply chain trial.
Ripple has hired SWIFT board member Marcus Treacher as its global head of strategic accounts.