Reliance Industries scripts history, along with HSBC, executes first of its kind blockchain trade finance transaction
HSBC India and ING Bank Brussels have successfully executed a blockchain enabled, live trade finance transaction jointly with Mukesh Ambani led Reliance Industries (RIL) and Tricon Energy, HSBC said in a statement today.
This is a significant improvement for any organisation involved in buying and selling goods in the global market, as blockchain brings together all parties onto one platform. Image source: Reuters