Barclays, HSBC Join Settlement Coin as Bank Blockchain Test Enters New Phase
Utility Settlement Coin is moving into its third phase – building a kind of blockchain-based fiat testnet – with six new partners.
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.
HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.
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.