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HSBC makes major blockchain breakthrough

8 monthes ago   |   By Tech Radar

HSBC has claimed a major breakthrough in the development of blockchain with what it says is the world's first finance transaction conducted using the technology. The UK-based banking giant says it completed a transaction concerning a shipment of soybeans from food and agricultural company Cargill, providing more proof that blockchain can become the backbone of significant financial deals. The deal was completed using the R3 Corda platform, which has been developed jointly by 12 of the world's leading banks, and raised $107 million from backers including HSBC back in May 2017. The...
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