HSBC SAID THAT IT IS EASY TO TRANSACTION THE TRILLION AMOUNT THROUGH BLOCK CHAIN ......IT ALSO SAID THAT "IT IS AN MAJOR STEP IN BOOSTING EFFICIENCE AND REDUCING ERROR IN TRILLION - DOLLAR FUNDING IN INTERNATIONAL TRADE "
HSBC AND DUTCH BANK ALSO SUCCESSFULLY COMPLETED THE TRANSACTION FOR FOOD AND AGRICULTURE GROUP
THE ONE STEP TO BLOCK CHAIN TECHNOLOGY IN THE BANKING INDUSTRY MAY MAKE THE REVOLUTION CHANGE IN THE INDUSTRY .......
......IT IS EXPECT TO REDUCE THE RISK OF FUND IN LETTER OF CREDIT AND OTHER TRANSACTION AS WELL AS CUT DOWN ON THE NUMBER OF STEPS USED.........
THE HSBC STATEMENT ABOUT BLOCK CHAIN :-
"PUTTING ALL OF ASIA PACIFIC'S TRADE RELATED PAPER WORK INTO ELECTRONIC FORM COULD SLASH THE TIME IT TAKES TO EXPORT GOODS BY UP TO 44 PERCENT AND CUT COSTS BY UP TO 31 PERCENT , THE HSBC STATEMENT SAID , CITING A STUDY BY THE UNITED NATION "........................
