AllianceBlock to Integrate With Avalanche

According to an Avalanche announcement published on 7 April, users will be able to access AllianceBlock‚Äôs DeFi Investment Terminal, compliant P2P financial services, NFT capabilities, trustless KYC and identity verification solutions, and derivative pricing engine and analytics on Avalanche. AllianceBlock, a globally compliant decentralized capital market, will also collaborate with Ava Labs, the company behind…

BNP Paribas Conducts Live Trade Transaction on Voltron Blockchain Platform

BNP Paribas has become the third bank to conduct a live trade transaction on the Voltron blockchain platform. The transaction involved the export of a bulk shipment of iron from Rio Tinto in Australia to Cargill in China, with BNP Paribas issuing a blockchain-based letter of credit to HSBC Singapore. It also saw the execution…

HSBC Completed $250 Billion in Blockchain Processed Transactions in 2018

According to a press release quoted by the Financial Times on Monday, HSBC, one of the largest banking institutions in the world by total assets, reported $250 billion in settled transactions in 2018, using the blockchain technology. The press release revealed that during the last calendar year, HSBC settled over 3 million blockchain-based foreign exchange…