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Banking on Blockchain

Postby Happyland » 16 May 2018, 19:43

HSBC is a major player within the financial services industry. HSBC Holding PLC is the 7th largest bank in the world by total assets with $2,374.03 billion. It has just made a big bet on blockchain. The organization announced it made its first trade finance transaction using blockchain. It involved a shipment of soybeans from Argentina to Malaysia from HSBC to Dutch lender ING.

My opinion
If we separate coins from the backbone technology (blockchain) that supports the network the blockchain is here to stay. Coins will move up and down and some will even disappear but blockchain is not just the future it is now. Deals such as HSBC will continue. I think the trend will gain traction because there is value in using blockchain technology. It has a global reach, its cheaper, it is fast, the network is secure, the accounting is accurate. It could be a victim of its own success because when more players get on board it will slow down the network and cause fees too rise.
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Re: Banking on Blockchain

Postby ahmedo24 » 16 May 2018, 21:14

This is nice and wonderful, but I wish to know if transactions can be done regardless the location
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