Singapore Regulator Teams With Asian Banks for Blockchain KYC Trial
Three major Asian banks and a regulator in Singapore have teamed up for a new blockchain trial focused on customer identification.
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.
TradeLens has attracted a wide variety of entities ranging from port operators and customs authorities to logistics companies and even rival carriers.
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.