Hong Kong Launches Blockchain Trade Finance Platform With Deloitte, Top Banks

Hong Kong Launches Blockchain Trade Finance Platform With Deloitte, Top Banks
Joseph Young
08 APR 2017  COINTELEGRAPH

With Deloitte as one of the Big Four auditors, the Hong Kong Monetary Authority (HKMA) and the region’s top five banks have officially launched a Blockchain platform for trade finance.

Earlier this month, HSBC, Bank of China, Bank of East Asia, Hang Seng Bank and Standard Chartered co-introduced a proof of concept Blockchain platform for use with trade finance operations which include lending, issuing letters of credit, factoring, export credit and insurance.

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