HSBC Plans Pilot Programs on Blockchain-Based Payment Services

[kreslik.news]

The multinational banking giant HSBC is set to test blockchain technology in live transactions, reported the Global Trade Review (GTR).

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The bank has been involved in moulding and testing the nascent technology for the past two years, and this week its senior innovation manager Joshua Kroeker unveiled the latest project during a private media call.

The bank will launch several pilot projects based on a proof-of-concept consensus mechanism. It worked on these previously with other banking giants like Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore to ... (read more)