Hong Kong Monetary Authority Links 21 Banks Through Blockchain

2018-7-16 17:32

The Hong Kong Monetary Authority is launching a blockchain-based trade finance platform that will link 21 banks to provide a streamlined financial services.

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Hong kong Block chain Finance Trade

Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT

2018-7-16 18:36