India’s Biggest Private Company Gets Paid on a Blockchain

[davinmark]

Heeyyyyooo stakers

So there is a big move from India. which is that India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology

in the news said that HSBC and fellow banking giant ING Bank Brussels facilitated the Letter of Credit, the bank guarantee of a buyer’s payment- of the shipment between the two energy firms in a fully digitized transfer of title. 

The Transaction also validates the commercial and operational viability of blockchain as an alternative to conventional exchanges for paper-based documentation.

 

Whats your thought about that? 

You can see the full news here : https://www.ccn.com/indias-biggest-private-company-gets-paid-on-a-blockchain/