Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance Oil and gas conglomerate Reliance Industries – owned by India’s richest person, Mukesh Ambani – has used blockchain…
Continue ReadingReliance Industries – owned by India’s richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction. This article is originally written and posted on https://www.coindesk.com/firm-owned-by-indias-richest-man-turns-to-blockchain-for-trade-finance/. …
Continue ReadingHSBC India Completes Joint Blockchain-Enabled Transaction With India Holding Giant RIL The Indian subsidiary of major global banking and financial services firm HSBCand India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction,…
Continue ReadingDid cryptocurrency exchange giant Bitfinex play a role in last night’s bitcoin sell-off? As first reported by The Block, the British Virgin Islands-based but Hong Kong-operated exchange has “temporarily paused”…
Continue ReadingOn Oct. 6, Larry Cermak, former editor at Diar and head analyst at The Block, reported that leading crypto exchange Bitfinex obtained a banking partner in HSBC, a $133 billion…
Continue ReadingA whistleblower who leaked data exposed tax-evading and money-laundering clients at the multinational financial institution he worked in has just given the finger to the banks once again by lending…
Continue ReadingBarclays and HSBC have allegedly blocked three accounts of a U.K.-based electric bike retailer for having traded Bitcoin for cash through a popular P2P trading platform hours earlier. The alarming…
Continue ReadingTradeLens has attracted a wide variety of entities ranging from port operators and customs authorities to logistics companies and even rival carriers. This article is originally written and posted on…
Continue ReadingThe Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent…
Continue ReadingHSBC Exec Warns ‘Digital Islands’ Could Inhibit Blockchain Trade When HSBC’s Vinay Mendonca thinks about how distributed ledger technology (DLT) will reshape global trade, he sees two scenarios – one…
Continue ReadingBlockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca. This article is originally written and posted…
Continue ReadingHSBC Deems Blockchain Infrastructure for Trade Finance Commercially Viable Blockchain technology can be a viable tool when put in the right hands. HSBC is one of the many banks exploring the…
Continue ReadingHSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill. This article is originally written and posted on https://www.coindesk.com/banks-ink-blockchain-trade-finance-transaction-with-food-giant-cargill/. Visit https://www.coindesk.com/…
Continue ReadingFinancial services group HSBC said on Monday it had for the first time utilised blockchain technology to complete a speedy commercial trade finance transaction that normally takes around a week…
Continue ReadingSteve Chiavarone, a portfolio manager at Federated Investors, a US-based investment firm that oversees $364 billion in customer assets, stated that blockchain technology will drive the fourth industrial revolution, echoing…
Continue ReadingAdvertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. UK-based bank HSBC is close to launching live trade and transactions using blockchain technology. The project…
Continue ReadingInternational banking giant HSBC is reportedly close to testing blockchain in live transactions. Global Trade Review reports that the bank could launch several pilot programs based on existing proof-of-concept (PoC)…
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