The British financial conglomerate HSBC said that over the past year, thanks to blockchain technology implemented through the platform of the HSBC FX Everywhere 3 million transactions on currency exchange and 150 thousand payments totaling $250 billion.
As noted in the Bank, the platform brought him considerable ability and efficiency in the organization of payments for internal accounts. For example, for payment processing was not necessary to verify clients by using external resources, in addition, internal information about the auction and cash flows were translated into a single form – a simple and reliable.
Given these positive aspects in the future, HSBC is ready to consider possibility of application of technologies of the distributed registry to work with international clients.
We will remind that in February of 2018, HSBC said on preparation for the launch of several pilot programs that should have been allowed at the beginning of 2019 to conduct direct transactions with blockchain technology. Later, HSBC and Dutch Bank ING for the first time in the world spent using blockchain technology shopping financial transaction, processed on the blockchain the platform R3 Corda a letter of credit by the American food company Cargill supply contract of soybeans from Argentina to Malaysia.
Source
