HSBC Performs First Trade Finance Transaction Using Blockchain

HSBC Holdings, in a joint effort with the Dutch bank ING, successfully executed the world’s first live financial transaction using a blockchain platform with the food and agricultural trading group, Cargill.The convenience for testing was that Cargill was the exporting and importing company. Namely, Cargill based in Switzerland exported soybeans in the name of Cargill based in Argentina and Singapore and finally, Cargill Malaysia imported the beans in Malaysia as the final destination of t