HKMA Launches Blockchain Platform

The Hong Kong Monetary Authority has partnered with HSBC, Bank of China, Bank of East Asia, Hang Seng Bank, Standard Chartered and Deloitte to launch a trade finance blockchain platform; trade finance operations serviced on the platform will include lending, issuing letters of credit, factoring, export credit and insurance; overall the platform is expected to increase efficiency, transparency and security.  Source

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