Inside HSBC’s First Trade Finance Transaction on Blockchain

Taken from www.gtreview.com

15 May 2018

For those in Hong Kong’s trade finance sector, Duncan Wong is Mr Blockchain.

The cryptographer was one of the drivers of the Hong Kong Monetary Authority (HKMA)’s early dalliances with distributed ledger technology.

In his former role at the Hong Kong Applied Science and Technology Research Institute (Astri), he helped pen the HKMA’s 2016 whitepaper on blockchain, which outlined how the technology could be used in trade finance. Wong also helped the HKMA execute three proof of concepts (POCs) with five banks, exploring blockchain’s viability in trade.

It is no surprise, then, that he was involved in the highest profile development in blockchain for trade finance to date. Wong’s company CryptoBLK was the technology partner for HSBC as it completed its first live trade finance transaction on blockchain.

Read more at GTR, here.

 

Inside HSBC’s first trade finance transaction on blockchain
Inside HSBC’s first trade finance transaction on blockchain

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