HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.

Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other

U.K. bank Barclays and startup Clearmatics will hold a hackathon next month to spur ideas for blockchain interoperability.

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

Trade finance DLT platform we.trade is seeking partnerships with other networks, with TradeLens and Tradeshift as prime candidates.

Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance

Reliance Industries – owned by India's richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.

94 Companies Join IBM and Maersk’s Blockchain Supply Chain

TradeLens has attracted a wide variety of entities ranging from port operators and customs authorities to logistics companies and even rival carriers.

HSBC Exec Warns ‘Digital Islands’ Could Inhibit Blockchain Trade

Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.

Banks Ink Blockchain Trade Finance Transaction with Food Giant Cargill

HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.

UK Bank HSBC Might Soon Pilot Live Blockchain Payments

Executives from HSBC Bank revealed in a conference call this week they intend to pilot projects for blockchain-based transactions.

Banks Back Syndicated Loan Market Built on Corda Distributed Ledger

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.