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…